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.

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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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Diana Shipping's (DSX) CEO Semiramis Paliou on Q2 2021 Results - Earnings Call Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of -50.00% and 0.67%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Q2 Earnings Miss Estimates

ATHENS, Greece, Aug. 03, 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 $2.8 million and net income attributed to common stockholders of $1.4 million for the second quarter of 2021. This compares to a net loss of $10.8 million and net loss attributed to common stockholders of $12.2 million, including a $2.6 million impairment loss, reported in the second quarter of 2020.

Diana Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2021

Bullishness surrounding the dry bulk market is a huge boon for Diana Shipping (DSX) and is likely to have boosted its top line in Q2.

Diana Shipping (DSX) to Report Q2 Earnings: What's in Store?

Nordea Bank Abp

Diana Shipping Inc. (NYSE: DSX) has signed a supplemental agreement to the existing secured loan agreement with Nordea Bank Abp, filial i Norge. The agreement extends by two years the repayment of the existing secured loan facility from March 2022 to March 2024 and increases the loan facility by $460 thousand.

Diana Shipping Inks Supplemental Agreement With Nordea Bank

ATHENS, Greece, July 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 on July 29, 2021, it signed, through seven wholly-owned subsidiaries, a supplemental agreement to the existing secured loan agreement with Nordea Bank Abp, filial i Norge, (i) to extend by 2 years the repayment of the existing secured loan facility from March 2022 to March 2024 and (ii) to increase the loan facility by an amount of US$460,000; all other terms to ﻿remain the same.

Diana Shipping Inc. Announces Signing of a Supplemental Agreement With Nordea Bank

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Although reporting a net loss in Q1, profitability trends are quickly turning around. Attractive time charters already secured for this year and beyond and strong average rates.

Diana Shipping: Favorable Conditions To Drive Shares Higher

ATHENS, Greece, July 16, 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 signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to acquire from unaffiliated third parties the m/v Magnolia, a 2011 built Kamsarmax dry bulk vessel of 82,165 dwt, for a purchase price of US$22.0 million. The Company anticipates to take delivery of the vessel by the end of February 2022.

Diana Shipping Inc. Announces the Acquisition of a Kamsarmax Dry Bulk Vessel

ATHENS, Greece, July 16, 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 3,333,333 shares, or about 3.6%, of its outstanding common stock using funds available from cash and cash equivalents on hand at a price of $4.50 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on August 16, 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. 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 3,333,333 Shares

ATHENS, Greece, July 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 its financial results for the second quarter ended June 30, 2021 are scheduled to be released before the opening of the U.S. financial markets on Tuesday, August 3, 2021.

Diana Shipping Inc. Announces the Date for the 2021 Second Quarter Financial Results, Conference Call and Webcast

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Diana Shipping is a pure dry bulk company, operating mostly in the main bulk commodity market. The company leases its vessels exclusively on time charters of medium to long duration.

Diana Shipping: Aggressively Valued, Conservatively Run

ATHENS, Greece, June 25, 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 Viterra Chartering B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Melia. The gross charter rate is US$25,750 per day, minus a 5% commission paid to third parties, for a period until minimum April 7, 2022 up to maximum June 7, 2022. The charter commenced retroactively on June 11, 2021. The m/v Melia was chartered, as previously announced, to Ausca Shipping Limited, Hong Kong, at a gross charter rate of US$10,000 per day, plus US$500,000 gross ballast bonus, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v Melia With Viterra

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Diana Shipping (DSX) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Diana Shipping (DSX) Upgraded to Buy: Here's Why

ATHENS, Greece, June 10, 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 Boston. The gross charter rate is US$25,500 per day, minus a 5% commission paid to third parties, for a period until minimum April 15, 2022 up to maximum June 15, 2022. The charter is expected to commence on June 15, 2021. The m/v Boston is currently chartered, as previously announced, to Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, at a gross charter rate of US$15,300 per day, minus a 5% commission paid to third parties.

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

ATHENS, Greece, June 08, 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 pricing of a US$125 million private placement of senior unsecured bonds maturing in June 2026 and callable beginning three years after issuance. The bond offering was priced with a U.S. dollar fixed-rate coupon of 8.375%. Interest will be payable semi-annually in arrears in June and December of each year. The Company will apply for listing of the bonds on the Oslo Stock Exchange. The offering was significantly oversubscribed and is expected to close on June 22, 2021, subject to customary closing conditions.

Diana Shipping Inc. Announces Pricing of US$125 Million Senior Unsecured Bond Offering

ATHENS, Greece, June 04, 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 Olam International Limited, Singapore, for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is US$26,500 per day, minus a 4.75% commission paid to third parties, for a time charter period until minimum February 15, 2022 up to maximum April 15, 2022. The charter is expected to commence on June 6, 2021. The m/v P. S. Palios is currently chartered, as previously announced, to C Transport Maritime Ltd., Bermuda, at a gross charter rate of US$12,050 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contracts for m/v P. S. Palios With Olam and m/v Maia With Viterra

ATHENS, Greece, June 01, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, has mandated Arctic Securities AS and Nordea Bank Abp, Filial i Norge to arrange a series of investor calls. Subject to inter alia market conditions, a USD denominated senior unsecured bond issue with five year tenor may follow.

Diana Shipping Inc. Announces Fixed Income Investor Calls

Q1 wasn't great for Diana, but it was a lot better than it might have been.

Why Diana Shipping Stock Kept Rising on Monday

Diana Shipping Inc. (DSX) CEO Simeon Palios on Q1 2021 Results - Earnings Call Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of 50.00% and 1.87%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Reports Q1 Loss, Tops Revenue Estimates

ATHENS, Greece, May 21, 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 Company's Annual Meeting of Shareholders (the “Meeting”) was duly held on May 20, 2021, in a virtual format only via the Internet, pursuant to a Notice of Annual Meeting of Shareholders dated April 9, 2021. Broadridge Financial Solutions, Inc. acted as inspector of the Meeting.

Diana Shipping Inc. Announces Results of 2021 Annual Meeting of Shareholders

Shares of Diana Shipping (NYSE:DSX) moved higher by 2.7% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 76.92% year over year to ($0.03), which beat the estimate of ($0.06).

News for Diana Shipping Stock (DSX)