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 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, Dec. 15, 2020 (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 6,000,000 shares, or about 6.7%, of its outstanding common stock using funds available from cash and cash equivalents on hand at a price of $2.00 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on January 14, 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 6,000,000 Shares

Q3 2020 results are broadly consistent with my estimates. The share price hit my target price in November. Solid preferred distributions on the back of positive FCF to equity and hefty balance.

Diana Shipping - Consistent Financial Performance

ATHENS, Greece, Dec. 07, 2020 (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 Nippon Yusen Kabushiki Kaisha, for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is US$15,500 per day, minus a 5% commission paid to third parties, for a period until minimum January 25, 2022 up to maximum March 25, 2022. The charter commenced on December 3, 2020. The m/v New Orleans was chartered, as previously announced, to  Cargill International S.A., Geneva, at a gross charter rate of US$15,000 per day, minus a 4.75% commission paid to third parties. 

Diana Shipping Inc. Announces Time Charter Contract for m/v New Orleans With NYK Line

ATHENS, Greece, Nov. 30, 2020 (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 Glencore Agriculture B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Artemis. The gross charter rate is US$10,250 per day, minus a 5% commission paid to third parties, for a period until minimum January 5, 2022 up to maximum March 30, 2022. The charter commenced earlier today. The m/v Artemis was chartered, as previously announced, to  Koch Shipping Pte. Ltd., Singapore, at a gross charter rate of US$10,150 per day, minus a 5% commission paid to third parties. 

Diana Shipping Inc. Announces Time Charter Contract for m/v Artemis With Glencore

ATHENS, Greece, Nov. 27, 2020 (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 CLdN Cobelfret SA, Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is US$12,100 per day, minus a 5% commission paid to third parties, for a period until minimum October 15, 2021 up to maximum December 25, 2021. The charter commenced on November 22, 2020. The m/v Polymnia was chartered, as previously announced, to Cargill International S.A., Geneva, at a gross charter rate of US$11,000 per day, minus a 4.75% commission paid to third parties. 

Diana Shipping Inc. Announces Time Charter Contract for m/v Polymnia With CLdN Cobelfret

Diana Shipping Inc. (DSX) CEO Simeon Palios on Q3 2020 Results - Earnings Call Transcript

Shares of Diana Shipping (NYSE:DSX) rose 0.6% after the company reported Q3 results. Quarterly Results Earnings per share were down 0.00% year over year to ($0.17), which missed the estimate of ($0.08).

Diana Shipping: Q3 Earnings Insights

ATHENS, Greece, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $13.2 million and a net loss attributed to common stockholders of $14.6 million for the third quarter of 2020, including a $6.8 million impairment loss which resulted from the agreement to sell the vessels Sideris G.S. and Coronis. This compares to net income of $1.8 million and net income attributed to common stockholders of $0.3 million reported in the third quarter of 2019.

Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020

Diana Shipping (NYSE: DSX) unveils its next round of earnings this Monday, November 23. Get prepared with Benzinga's ultimate preview for Diana Shipping's Q3 earnings.

Preview: Diana Shipping's Earnings

Diana Shipping (DSX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Diana Shipping (DSX) to Report a Decline in Earnings: What to Look Out for

ATHENS, Greece, Oct. 26, 2020 (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 third quarter ended September 30, 2020 are scheduled to be released before the opening of the U.S. financial markets on Monday, November 23, 2020.

Diana Shipping Inc. Announces the Date for the 2020 Third Quarter Financial Results, Conference Call and Webcast

ATHENS, Greece, Sept.  23, 2020  (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 sell to an unaffiliated third party, the 2006-built vessel “Sideris GS”, with delivery to the buyer latest by January 20, 2021, for a sale price of US$11.5 million before commissions.

Diana Shipping Inc. Announces the Sale of a Capesize Dry Bulk Vessel, the m/v Sideris GS

ATHENS, Greece, Sept.  16, 2020  (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 sell to an unaffiliated third party, the 2006-built vessel “Coronis”, with delivery to the buyer latest by January 20, 2021, for a sale price of US$7.1 million before commissions.

Diana Shipping Inc. Announces the Sale of a Panamax Dry Bulk Vessel, the m/v Coronis

ATHENS, Greece, Sept.  08, 2020  (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$18,400 per day, minus a 5% commission paid to third parties, for a period until minimum 16 October 2021 up to maximum 30 December 2021. The charter is expected to commence later today. The m/v Newport News is currently chartered, as previously announced, to SwissMarine Services S.A., Geneva, at a gross charter rate of US$16,500 per day, minus a 5% commission paid to third parties.

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

Diana Shipping: Common Is Neutral And Preferred Still A Winner

Eagle Bulk Shipping

Genco Shipping & Trading

Scorpio Bulkers

Safe Bulkers

Star Bulk Carriers

Dry cargo shipping is a highly fragmented, commodity-type business with little differentiation between ships of similar type, size, or age.

Survey Of Operating Costs In Dry Cargo Shipping

ATHENS, Greece, Aug.  07, 2020  (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 Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Melia. The gross charter rate is US$10,000 per day, plus US$500,000 gross ballast bonus, minus a 5% commission paid to third parties, for a period of about eight (8) months to maximum ten (10) months. The charter is expected to commence on August 20, 2020.

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

Projected free cash flows provide strong coverage of the Series B dividend yield.

Diana Series B - A Solid 10% Yield Investment Proposition

Diana Shipping Inc. (DSX) Q2 2020 Results - Earnings Call Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of -37.50% and -4.60%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Reports Q2 Loss, Lags Revenue Estimates

Shares of Diana Shipping (NYSE:DSX) moved lower by 3.4% in pre-market trading after the company reported Q2 results.

Diana Shipping: Q2 Earnings Insights

ATHENS, Greece, July  27, 2020  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $10.8 million and a net loss attributed to common stockholders of $12.2 million for the second quarter of 2020, including a $2.6 million impairment loss. This compares to a net loss of $1.3 million and net loss attributed to common stockholders of $2.7 million reported in the second quarter of 2019.

Diana Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2020

Costamare

Frontline

StealthGas

Martin Midstream Partners

Shipping Industry Outlook Dismal Amid Coronavirus Concerns

ATHENS, Greece, July  08, 2020  (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 ST Shipping and Transport Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$11,000 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum fourteen (14) months. The charter commenced on July 5, 2020. The m/v Selina was previously chartered to Cargill International S.A., Geneva, at a gross charter rate of US$4,750 per day, minus a 4.75% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract  for m/v Selina With ST Shipping

ATHENS, Greece, July  07, 2020  (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 repurchased an aggregate amount equal to US$8.0 million of the nominal amount of the outstanding senior unsecured bonds in the Diana Shipping Inc. 18/23 9.50% USD C bond issue with ISIN NO0010832868. Following this buyback the Company holds bonds equal to US$8.0 million of the nominal amount of the outstanding bonds in the bond issue.

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