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 Q4 2020

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Diana Shipping reports robust earnings, poised for strategic growth

Diana Shipping's Q4 2022 earnings call highlighted a successful year, strong financial performance, and strategic growth initiatives.
The company's commitment to shareholder value, fleet expansion plans, and focus on market dynamics position it well for future opportunities.
While facing challenges in the market environment, Diana Shipping remains resilient, adaptive, and poised to navigate industry headwinds effectively.

Diana Shipping reports profitable Q1 earnings, navigates debt challenges

Diana Shipping's Q1 2023 earnings call reflects a resilient performance, strong operational capabilities, and strategic financial decisions. While facing challenges such as high net debt and market uncertainties, the company is well-positioned to leverage opportunities for growth and profitability.

Diana Shipping reports resilient Q2 earnings amidst market challenges

Diana Shipping's Q2 2023 performance reflects resilience and operational strength amid market challenges, supported by strategic financial decisions and revenue visibility.
The company's dividend declaration, bond repurchase, and liquidity position underscore a commitment to shareholder value and financial stability.
While facing industry challenges and uncertainties, Diana Shipping remains positioned to leverage opportunities in securing profitable charters and optimizing its financial performance.

Diana Shipping reports profitable Q3, eyes growth amid market challenges

Diana Shipping's Q3 2023 performance was strong, with profitable results and a focus on securing revenue. The company faces challenges related to debt and market uncertainties but has opportunities for growth through strategic initiatives.
With a fleet of 42 vessels and high utilization rates, Diana Shipping aims to modernize its fleet and generate positive cash flows. The company's financial position remains stable with no debt maturities until 2026.

Diana Shipping reports resilient performance and strategic growth opportunities

Diana Shipping's Q4 2023 performance reflects resilience, operational efficiency, and strategic foresight amidst market challenges.
Strengths include dividend declaration, fleet enhancements, and industry recognition, bolstering shareholder confidence and market positioning.
Challenges lie in market uncertainties and debt management, while opportunities in chartering and sustainability offer avenues for growth and differentiation.

Diana Shipping excels in Q1 2024, eyes sustainable growth

Diana Shipping's strong Q1 2024 performance, strategic fleet management, and financial stability position the company for continued success.
While challenges like high long-term debt exist, opportunities in fleet expansion, sustainability efforts, and market monitoring offer avenues for growth.
By balancing operational efficiency, financial prudence, and strategic growth initiatives, Diana Shipping aims to navigate industry dynamics and deliver value to stakeholders.

Diana Shipping maintains operational resilience amidst market challenges in Q2

Diana Shipping's Q2 2024 performance reflects operational resilience with a focus on fleet efficiency and financial stability. The company faces challenges from market volatility and operational metrics decline but maintains a strong position with high fleet utilization and ESG commitments.
Key strengths include ESG initiatives, stakeholder relationships, and financial prudence. Opportunities lie in leveraging market developments, exploring new segments, and embracing technology for growth. Strategic focus on balance sheet strength and shareholder value creation underpins the company's long-term strategy.
Navigating challenges in the dry bulk carrier market, Diana Shipping remains proactive in addressing operational and market uncertainties. The company's commitment to ESG standards and modernization efforts align with industry trends, positioning it for sustainable growth. Opportunities for expansion and innovation offer avenues for future success.

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ATHENS, Greece, Dec. 22, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the preliminary results of its tender offer to purchase up to 3,529,411 shares of its common stock, par value $0.01 per share, at a price of $4.25 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The tender offer expired at 5:00 P.M., Eastern Time, on December 21, 2021.

Diana Shipping Inc. Announces Preliminary Results of Self Tender Offer for Shares of Common Stock

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ATHENS, Greece, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Newport News. The gross charter rate is US$28,000 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2023 up to maximum September 30, 2023. The new charter period is expected to commence on December 16, 2021. The m/v Newport News is currently chartered, as previously announced, at a gross charter rate of US$18,400 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Newport News With Koch

Diana Shipping Inc (NYSE: DSX) has signed a Memorandum of Agreement to acquire a Japanese new-building Capesize dry bulk vessel of ~181,500 dwt from an unaffiliated third party for a purchase gross price of $60.16 million. The company expects the vessel delivery by the end of 1Q22.

Diana Shipping To Acquire Japanese New-Building Capesize Vessel For $60.1M

ATHENS, Greece, Dec. 03, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that on December 3, 2021, it signed through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from an unaffiliated third party, a Japanese new-building Capesize dry bulk vessel of approximately 181,500 dwt, for a purchase gross price of US$60,164,000. The vessel is expected to be delivered to the buyer by the end of the first quarter of 2022.

Diana Shipping Inc. Announces the Acquisition of a Resale New-Building Capesize Dry Bulk Vessel

ATHENS, Greece, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has completed the spin-off of its wholly-owned subsidiary, OceanPal Inc., effective November 29, 2021. The Company's shareholders received one OceanPal Inc. share for every 10 shares of Diana Shipping Inc. held on the record date of November 3, 2021. To the extent the distribution would have resulted in any shareholder owning a fractional share of OceanPal Inc., such fractional share was rounded up to the next whole number of shares.

Diana Shipping Inc. Announces Completion of OceanPal Inc. Spin-Off

ATHENS, Greece, Nov. 24, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that the distribution date for the previously announced spin-off of its wholly-owned subsidiary, OceanPal Inc., will be November 29, 2021, following the effectiveness of the OceanPal Inc. registration statement under the Securities Exchange Act of 1934 on Form 20-F filed with the U.S. Securities and Exchange Commission (the “Registration Statement”). The Company expects the spin-off transaction to be consummated on the same terms and conditions as previously announced in the Company's press release dated October 26, 2021 and in the Registration Statement. The record date of the OceanPal Inc. spin-off will not change.

Diana Shipping Inc. Announces Distribution Date for Previously Announced OceanPal Inc. Spin-Off

ATHENS, Greece, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$19,700 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2023 up to maximum November 15, 2023. The charter is expected to commence on December 9, 2021. The m/v Semirio is currently chartered, as previously announced, to SwissMarine Pte Ltd., Singapore, at a gross charter rate of US$13,500 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v Semirio With C Transport

ATHENS, Greece, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the commencement of a tender offer to purchase up to 3,529,411 shares, or about 4.0%, of its outstanding common stock, using funds available from cash and cash equivalents on hand at a price of $4.25 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on December 21, 2021, unless extended or withdrawn. The Board of Directors determined that it is in the Company's best interest to repurchase shares at this time given Diana Shipping's cash position and stock price. The tender offer is not conditioned upon any minimum number of shares being tendered; however, the tender offer is subject to a number of other terms and conditions, including without limitation the completion of the Company's previously announced spin-off of OceanPal Inc. Shareholders that tender their shares in the tender offer and do not otherwise transfer their shares prior to the spin-off distribution date will receive OceanPal Inc. common shares in accordance with the terms of the spin-off transaction. Specific instructions and an explanation of the terms and conditions of the tender offer are contained in the Offer to Purchase and related materials that are being mailed to shareholders.

Diana Shipping Inc. Commences Self Tender Offer To Purchase Up To 3,529,411 Shares

ATHENS, Greece, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene. The gross charter rate is US$17,100 per day, minus a 5% commission paid to third parties, for a time charter period until minimum December 20, 2022 up to maximum March 5, 2023. The charter is expected to commence on November 24, 2021.

Diana Shipping Inc. Announces Time Charter Contracts for m/v Alcmene With SwissMarine, m/v G. P. Zafirakis and m/v Ismene With Cargill

Diana Shipping's earnings are smoother than those of its peers due to the defensive nature of its management. The proposed spin-off will enhance the value of the company removing three of its oldest vessels.

Diana Shipping: Irrational Market Reaction Creates Nice Entry Opportunity

Diana Shipping Inc. (DSX) CEO Semiramis Palios on Q3 2021 Results - Earning Calls Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of -5.88% and 1.16%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Q3 Earnings Lag Estimates

Diana Shipping Inc (NYSE: DSX) reported third-quarter time charter revenue growth of 35.3% year-over-year to $57.28 million, reflecting increased average time charter rates, beating the consensus of $50.41 million. EPS improved to $0.16 from $(0.17) in 3Q20, beating consensus of $0.13.

Diana Shipping Stock Slides After Q3 Results

ATHENS, Greece, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported net income of $14.7 million and net income attributed to common stockholders of $13.3 million for the third quarter of 2021. This compares to a net loss of $13.2 million and a net loss attributed to common stockholders of $14.6 million, including a $6.8 million impairment loss, reported in the third quarter of 2020.

Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2021

ATHENS, Greece, Nov. 17, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that the distribution date for the previously announced spin-off of its wholly-owned subsidiary, OceanPal Inc., has been extended. The new distribution date, to be announced in a separate press release, is expected to occur as soon as practicable following the effectiveness of the OceanPal Inc. registration statement under the Securities Exchange Act of 1934 on Form 20-F filed with the U.S. Securities and Exchange Commission (the “Registration Statement”). The Company expects the spin-off transaction to be consummated in approximately two weeks on the same terms and conditions as previously announced in the Company's press release dated October 26, 2021 and in the Registration Statement, which has not yet become effective. The record date of the OceanPal Inc. spin-off will not change.

Diana Shipping Inc. Announces Extension of Distribution Date for Previously Announced OceanPal Inc. Spin-Off

Diana Shipping (NYSE:DSX) is set to give its latest quarterly earnings report on Wednesday, 2021-11-17. Here's what investors need to know before the announcement.

Diana Shipping's Earnings Outlook

Diana Shipping (DSX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Diana Shipping (DSX) Ahead of Earnings?

Diana Shipping Inc (NYSE: DSX), through its subsidiary, has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini.

Diana Shipping Enters Time Charter Contract With Cargill For M/V Myrsini

ATHENS, Greece, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that in connection with the previously announced spin-off of its wholly-owned subsidiary OceanPal Inc., the Company has changed the anticipated distribution date from November 9, 2021 to November 17, 2021 due to procedural delays. The Company does not expect there to be any other changes to the terms of the spin-off transaction previously announced in the Company's press release dated October 26, 2021 and in the OceanPal Inc. registration statement on Form 20-F filed with the US Securities and Exchange Commission, which has not yet become effective. The record date of the OceanPal Inc. spin-off will not change. Additionally, there has been no change to the previously announced payment date of November 10, 2021 of a cash dividend in the amount of US$0.10 per Diana Shipping Inc. common share to shareholders of record as of November 3, 2021.

Diana Shipping Inc. Announces New Distribution Date for Previously Announced OceanPal Inc. Spin-Off and Confirms Payment Date of US$0.10 Cash Dividend

ATHENS, Greece, Nov. 09, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate is US$22,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum December 1, 2022 up to maximum January 31, 2023. The charter is expected to commence on November 14, 2021.

Diana Shipping Inc. Announces Time Charter Contract for m/v Myrsini With Cargill

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Diana Shipping (DSX) has been struggling lately, but the selling pressure may be coming to an end soon.

Diana Shipping (DSX) Sees Hammer Chart Pattern: Time to Buy?

ATHENS, Greece, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has received approval, subject to official notice of issuance, for the listing of the common shares of OceanPal Inc. on the Nasdaq Capital Market under the ticker symbol “OP”. As the Company previously announced on October 19, 2021, the Company will effect a spin-off of 100% of the common shares of its wholly-owned subsidiary, OceanPal Inc., to Diana Shipping Inc.'s existing shareholders as of the record date set forth herein. OceanPal Inc. will act as the holding company for three of the Company's older dry bulk vessels.

Diana Shipping Inc. Announces Approval for Listing of OceanPal Inc. on Nasdaq Capital Market and Revised Record Date for OceanPal Inc. Spin-Off and US$0.10 Cash Dividend

After losing some value lately, a hammer chart pattern has been formed for Diana Shipping (DSX), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

News for Diana Shipping Stock (DSX)