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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Earnings data Q4 2024

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.

Diana Shipping reports mixed Q3 performance, emphasizes financial stability and ESG

Diana Shipping's Q3 2024 earnings call highlighted a mixed performance across vessel segments, with a strong focus on maintaining financial stability and advancing ESG goals. Despite revenue challenges, the company's strategic chartering activities and dividend declaration reflect a balanced approach to navigating market conditions.

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ATHENS, Greece, Sept. 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 Solebay Shipping Transocean Company Limited, for one of its Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$28,500 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2022 up to maximum October 15, 2022. The charter commenced earlier today. The m/v Myrto was chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$10,000 per day, minus a 4.75% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v Myrto With Solebay

ATHENS, Greece, Sept. 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 Koch Shipping Pte., Ltd, Singapore, for one of its Capesize dry bulk vessels, the m/v Houston. The gross charter rate is US$27,000 per day, minus a 5% commission paid to third parties, for a period until minimum July 15, 2022 up to maximum October 15, 2022. The charter commenced retroactively on August 30, 2021. The m/v Houston was chartered, as previously announced, to C Transport Maritime Ltd., Bermuda, at a gross charter rate of US$6,250 per day for the first thirty (30) days of the charter period and US$12,400 per day for the balance of the time charter, in each case minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v Houston With Koch

Dry bulk rates have risen dramatically this year, but that trend will eventually end.

Why Diana Shipping Stock Popped 10% Today

ATHENS, Greece, Sept. 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 Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$26,100 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2022 up to maximum December 15, 2022. The charter is expected to commence on September 19, 2021. The m/v Crystalia is currently chartered, as previously announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of US$8,750 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v Crystalia With Uniper

Diana Shipping Inc (NYSE: DSX) has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for the m/v Phaidra, an 87,146 dwt Post-Panamax dry bulk vessel built-in 2013. The charter is expected to commence on September 1, 2021.

Diana Shipping Inks Time Charter Contract For M/V Phaidra

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ATHENS, Greece, Aug. 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, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. 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, 2022 up to maximum September 15, 2022. The charter is expected to commence on September 1, 2021.

Diana Shipping Inc. Announces Time Charter Contract for m/v Phaidra With Uniper

Diana Shipping Inc (NYSE: DSX) has entered into a time charter contract with ASL Bulk Shipping HK Limited for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is $26,500 per day for a period until minimum June 15, 2022, up to maximum September 15, 2022.

Diana Shipping Enters Time Charter Contract For M/V Selina

ATHENS, Greece, Aug. 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, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Shipping HK Limited, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$26,500 per day, minus a 5% commission paid to third parties, for a period until minimum June 15, 2022 up to maximum September 15, 2022. The charter is expected to commence on September 1, 2021. The m/v Selina is currently chartered, as previously announced, to ST Shipping and Transport Pte. Ltd., Singapore, at a gross charter rate of US$11,000 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract For M/V Selina with ASL

Diana Shipping is probably the most conservative dry bulk shipping company, avoiding the spot market and striving to maintain a strong balance sheet.

Diana Shipping Continues To Repurchase Shares Below NAV

ATHENS, Greece, Aug. 19, 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 final results of its tender offer to purchase up to 3,333,333 shares of its common stock, par value of US$0.01 per share (the "common stock"), at a price of US$4.50 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 August 16, 2021.

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

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Initiating coverage on Diana Shipping, a leading Greece-based dry bulk shipper with decent financials employing a rather conservative chartering approach.

Diana Shipping - Use The Recent Selloff To Participate In The $4.50 Tender Offer

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?

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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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