Diana Shipping has agreed to sell another of its older panamax bulk carriers.

The New York-listed shipowner has signed a memorandum of agreement to offload the 73,600-dwt Thetis (built 2004) to an unnamed buyer.

The sale price is $6.4m before commissions, the shipowner said in a release.

Thetis will be delivered to the buyer by 31 July, Diana said.