New York-listed Diana has signed a letter of intent to take the 179,000-dwt JK Pioneer (built 2013), which TradeWinds reported sold to the Simeon Palios-controlled company last week.

In a statement Diana said the ship is costing $52m, a fraction below the $52.5m it was expected to handover. It will be renamed P S Palios.

As TradeWinds reported in our print edition on Friday, Seoul-based JK bought the ship, which was originally contracted by collapsed owner Korea Line Corp (KLC), for $44m in April last year.

Diana