Greek bulker owner Diana Shipping has struck a deal to sell its 15-year-old panamax to an undisclosed buyer.

The New York-listed company is offloading the 75,700 dwt Selina after more than nine years for $11.8m, before commissions.

The Jiangnan Shanghai Changxing-built vessel, estimated at $12.35m by online pricing platform VesselsValue, was acquired by Diana for $10.9m. The ship is currently on charter with Reachy Shipping, earning $6,500 per day until July 9.

In February, the Semiramis Paliou-led company also sold the 2010-built post-panamax bulker Alcmene for about $11.9m.

The latest sale should close by August 15, reducing Diana’s fleet to 36 bulkers, of which five panamaxes.