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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Diana Shipping Seems To Have Plenty Of Upside

ATHENS, Greece, June  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 on June 29, 2020, it signed, through two wholly-owned subsidiaries owning the m/v G. P. Zafirakis and m/v P. S. Palios, a supplemental agreement to the existing secured loan agreement with BNP Paribas, to extend by 2.5 years the maturity of the existing secured loan facility until May 19, 2024.

Diana Shipping Inc. Announces Signing of a Supplemental Agreement With BNP Paribas for a 2.5 Year Extension of the Maturity of the Existing Facility With the Bank; Announces the Sale of a Panamax Dry Bulk Vessel, the m/v Arethusa

ATHENS, Greece, June  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 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 Maera. The gross charter rate is US$8,600 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 30, 2021. The charter commenced on June 11, 2020.

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

ATHENS, Greece, June  11, 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 Engelhart CTP Freight (Switzerland) SA, for one of its Newcastlemax dry bulk vessels, the m/v Los Angeles. The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2021 up to maximum December 31, 2021. The charter commenced on June 6, 2020. The m/v Los Angeles was chartered, as previously announced, to SwissMarine Services S.A., Geneva, at a gross charter rate of US$13,250 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v Los Angeles With Engelhart CTP

ATHENS, Greece, June  05, 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 Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The gross charter rate is US$9,300 per day, minus a 5% commission paid to third parties, for a period of minimum thirteen (13) months to maximum sixteen (16) months. The new charter period is expected to commence on June 9, 2020.

Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Atalandi With Uniper

ATHENS, Greece, June  03, 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 Capesize dry bulk vessels, the m/v G. P. Zafirakis. The gross charter rate is US$13,200 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2021 up to maximum December 31, 2021. The charter commenced on May 31, 2020.

Diana Shipping Inc. Announces Time Charter Contract for m/v G.

ATHENS, Greece, June  01, 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 Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is US$9,400 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The new charter period commenced on May 29, 2020.

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

ATHENS, Greece, May  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 on May 22, 2020, it signed a term loan facility with ABN AMRO Bank N.V. (the “Lender”), through six wholly-owned subsidiaries (the “Borrowers”), in the amount of US$52.885 million, divided into two tranches. The purpose of the loan facility was to combine the two loans outstanding with the Lender and extend the maturity of the loan maturing in March 2021 to the maturity of the other loan, maturing in June 2024.

Diana Shipping Inc. Announces Signing of a Term Loan Facility with ABN AMRO Bank to Refinance Two Separate Existing Loans with the Bank

ATHENS, Greece, May  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, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$8,750 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 30, 2021. The charter commenced on May 22, 2020.

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

Diana Shipping Q1 Review And Path Forward

ATHENS, Greece, May  18, 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 Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is US$9,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum July 15, 2021 up to maximum September 30, 2021. The charter is expected to commence on May 21, 2020.

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

ATHENS, Greece, May  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 that on May 7, 2020, it signed a term loan facility with Nordea Bank Abp, filial i Norge (the “Lender”), through eight wholly-owned subsidiaries (the “Borrowers”), in the amount of US$55.848 million, to refinance its existing loan with the Lender of the same balance, so as to extend the repayment of the loan by two more years until March 2022. The Borrowers will have the option to extend the repayment of the facility by two additional years until March 2024, by providing extension requests for each additional year, subject to the acceptance by the Lender at each time.

Diana Shipping Inc. Announces Signing of a Term Loan Facility With Nordea Bank to Refinance Its Existing Loan With the Bank

Diana Shipping Inc. (DSX) Q1 2020 Results - Earnings Call Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of -116.67% and -6.41%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

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

ATHENS, Greece, May  14, 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 and net loss attributed to common stockholders of $102.8 million and $104.3 million for the first quarter of 2020, including a $93.1 million impairment loss. This compares to net income of $3.0 million and net income attributed to common stockholders of $1.5 million reported in the first quarter of 2019, including a $4.8 million impairment loss. Loss per share for the first quarter of 2020 was $1.21 compared to earnings per share of $0.02 for the same period in 2019. Adjusted loss per share, excluding impairment loss, was $0.13 for the quarter compared to adjusted earnings per share of $0.07 for the same quarter last year.

Diana Shipping Inc. Reports Financial Results For the First Quarter Ended March 31, 2020

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.

Earnings Preview: Diana Shipping (DSX) Q1 Earnings Expected to Decline

ATHENS, Greece, May  04, 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 Pacbulk Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Seattle. The gross charter rate is US$12,300 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2021 up to maximum December 31, 2021. The charter commenced on April 27, 2020.

Diana Shipping Inc. Announces Time Charter Contract for m/v Seattle With Pacbulk

ATHENS, Greece, April  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 Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Aliki. The gross charter rate is US$11,300 per day, minus a 5% commission paid to third parties, for a period until minimum January 1, 2021 up to maximum March 15, 2021. The charter commenced on April 23, 2020.

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

Diana Shipping Inc. - A Seaworthy Vessel For The Coronavirus Pandemic

ATHENS, Greece, April  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 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 Panamax dry bulk vessels, the m/v Calipso, for a period until minimum October 15, 2020 up to maximum December 31, 2020. The gross charter rate is US$4,750 per day for the first forty-five (45) days of the charter period and US$8,250 per day for the balance of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on April 13, 2020.

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

ATHENS, Greece, April  13, 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 C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v Houston, for a period until minimum July 1, 2021 up to maximum September 30, 2021. The gross charter rate is 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. The charter commenced earlier today.

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

ATHENS, Greece, April  02, 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 Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene, for a period of about thirteen (13) months to maximum fifteen (15) months. The gross charter rate is US$4,000 per day for the first sixty (60) days of the charter period and US$8,500 per day for the balance period of the time charter, in each case minus a 4.75% commission paid to third parties. The charter commenced earlier today.

DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V ALCMENE WITH CARGILL

ATHENS, Greece, March  31, 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 filed its 2019 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 2019 audited financial statements, free of charge upon request.

DIANA SHIPPING INC. ANNOUNCES THE FILING OF ITS 2019 ANNUAL REPORT ON FORM 20-F

ATHENS, Greece, March  31, 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 Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$10,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 15, 2021. The new charter period will commence on April 3, 2020.

DIANA SHIPPING INC. ANNOUNCES DIRECT CONTINUATION OF TIME CHARTER CONTRACT FOR M/V MYRTO WITH CARGILL

ATHENS, Greece, March  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, 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 P. S. Palios, for a period of about thirteen (13) months to maximum fifteen (15) months. The gross charter rate is US$6,000 per day for the first thirty five (35) days of the charter period and US$12,050 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on March 24, 2020.

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