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Diana sells 14-year-old panamax

The 2006-built Coronis is on charter to Koch Industries, potentially until January next year. There are another four panamaxes in Diana Shipping’s fleet that are older than this vessel

The US-listed bulk carrier owner has been clearing out middle-aged and older panamaxes from its fleet, having divested six vessels last year. The company is taking a more defensive posture. It will use proceeds of sales to bolster reserves or repay debt as it girds itself against the effects of the coronavirus backdrop

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