Diana Shipping

Diana Shipping, Inc. operates as a holding company, which engages in the provision of shipping transportation services through the ownership and operation of dry bulk vessels. Its vessels are being employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain, and other materials along worldwide shipping routes. The company was founded on March 8, 1999 and is headquartered in Athens, Greece.

Earnings data Q1 2024

Diana Shipping Inc. reports profitable Q1 2023, navigates market challenges

Diana Shipping Inc. delivered a profitable Q1 2023, showcasing strength in fleet utilization and securing profitable time charters. While the company faces challenges related to net debt and market uncertainties, the recent developments and commitment to stability present opportunities for strategic growth and long-term value creation.

DSX reports profitable Q2 2023, secures revenue for 80% ownership days

DSX's Q2 2023 performance reflects resilience in a challenging market. While facing a decline in earnings per share, the company's strong fleet utilization and secured revenue provide a foundation for future growth. The declared dividend and strategic financial moves position DSX for potential opportunities ahead.

Diana Shipping Inc. reports profitable Q3, plans fleet expansion

Diana Shipping Inc. has demonstrated strong financial performance, with a focus on securing positive free cash flows and maintaining a robust balance sheet. The company's disciplined chartering strategy and planned expansion into newbuilding vessels position it well for future growth. However, challenges related to market volatility and geopolitical factors require careful navigation.

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Should Value Investors Buy Diana Shipping (DSX) Stock?

ATHENS, Greece, April 18, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bohai Shipping (HEBEI) Co., Ltd, for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is US$27,150 per day, minus a 5% commission paid to third parties, for a period until minimum November 1, 2025 up to maximum December 31, 2025. The charter is expected to commence on May 12, 2024.

Diana Shipping Inc. Announces Time Charter Contract for m/v P. S. Palios

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ATHENS, Greece, April 11, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced today that the Company will hold its 2024 Annual Meeting of Shareholders (the “Meeting”) at 8:00 a.m. Eastern Time on May 21, 2024 in virtual format only. All shareholders of record as of April 1, 2024, who wish to attend may do so by following the instructions included in the Notice of Annual Meeting of Shareholders and accompanying proxy statement which is available on the SEC website at https://www.sec.gov /edgar/browse/?CIK=1318885&owner=exclude or by referring to the Company's website at www.dianashippinginc.com.

Diana Shipping Inc. Announces Date for Its 2024 Annual Meeting of Shareholders

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ATHENS, Greece, April 05, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has filed its 2023 Annual Report on Form 20-F with the United States Securities and Exchange Commission. The Annual Report is available for download on the Company's website, www.dianashippinginc.com . Any shareholder may receive a hard copy of the Company's complete Annual Report, which includes the Company's 2023 audited financial statements, free of charge upon request.

Diana Shipping Inc. Announces the Filing of Its 2023 Annual Report on Form 20-F

Demand for dry bulk transportation is expected to grow due to supply constraints and robust demand for commodities. So, dry bulk shipping stocks remain attractive. Diana Shipping reported declining revenue and profits in FY23, although the company maintains adequate margins and ROE and distributes an attractive dividend. On the other hand, DSX is not the best option to bet on a dry bulk theme, considering its leveraged balance sheet and declining revenue projections.

Diana Shipping's Leveraged Balance Sheet And Inferior Fleet Specifications Make It A Hold

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Are Investors Undervaluing Diana Shipping (DSX) Right Now?

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Diana Shipping (DSX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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Here is how Diana Shipping (DSX) and Euroseas Ltd. (ESEA) have performed compared to their sector so far this year.

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Diana Shipping (DSX) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Diana Shipping (DSX) a New Buy Stock

Is Diana Shipping (DSX) Stock Undervalued Right Now?

ATHENS, Greece, March 01, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Louis Dreyfus Company Freight Asia Pte. Ltd., for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$13,900, minus a 5% commission paid to third parties, for a period of minimum twenty-one (21) months to maximum twenty-five (25) months. The charter is expected to commence during the second quarter of 2024.

Diana Shipping Inc. Announces Time Charter Contract for m/v Crystalia With Louis Dreyfus Company

Diana Shipping Inc. (DSX) Q4 2023 Earnings Call Transcript

ATHENS, Greece, Feb. 23, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $9.4 million and net income attributed to common stockholders of $7.9 million for the fourth quarter of 2023. This compares to net income of $25.7 million and net income attributed to common stockholders of $24.2 million for the fourth quarter of 2022. Earnings per share for the fourth quarter of 2023 was $0.08 basic and $0.06 diluted, compared to earnings per share of $0.28 basic and $0.27 diluted in the same quarter of 2022.

Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023; Declares Cash Dividend of $0.075 Per Share for the Fourth Quarter 2023; Announces the Sale of a Capesize Dry Bulk Vessel, the m/v Houston

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ATHENS, Greece, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that it has signed shipbuilding contracts for two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of US$46 million each. As previously announced in September 2023, the Company placed the order through an unaffiliated third-party nominee of Marubeni Corporation, for the two vessels to be built at Tsuneishi Group (Zhoushan) Shipbuilding Inc., China. The vessels are expected to be delivered to the Company by the second half of 2027 and the first half of 2028, respectively.

Diana Shipping Inc. Announces the Signing of Shipbuilding Contracts for Two 81,200 Dwt Methanol Dual Fuel New-Building Kamsarmax Dry Bulk Vessels

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