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, March  24, 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 SwissMarine Pte Ltd., Singapore, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite. The gross charter rate is US$10,250 per day, minus a 5% commission paid to third parties, for a period of about thirteen (13) months to maximum fifteen (15) months. The charter commenced on March 21, 2020.

Diana Shipping Inc. Announces Time Charter Contract for Amphitrite With SwissMarine

ATHENS, Greece, March  06, 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 Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, for one of its Capesize dry bulk vessels, the m/v Sideris GS. The gross charter rate is US$12,700 per day, minus a 5% commission paid to third parties, for a period until minimum October 15, 2020 up to maximum December 31, 2020. The charter is expected to commence on March 8, 2020.

Diana Shipping Inc. Announces Time Charter Contract for m/v Sideris GS With Oldendorff

ATHENS, Greece, Feb.  28, 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 the Company’s Annual Meeting of Shareholders (the “Meeting”) was duly held on February 19, 2020, in Limassol, Cyprus, pursuant to a Notice of Annual Meeting of Shareholders dated January 10, 2020. Broadridge Financial Solutions, Inc. acted as inspector of the Meeting.

Diana Shipping Inc. Announces Results of 2020 Annual Meeting of Shareholders, Changes in Executive Officers and Departure of Directors

ATHENS, Greece, Feb.  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 it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2002-built vessel “Norfolk”, with delivery to the buyer latest by April 6, 2020, for a sale price of US$8.75 million before commissions.

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

Diana Shipping's (DSX) CEO Simeon Palios on Q4 2019 Results - Earnings Call Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of -500.00% and -4.58%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Reports Q4 Loss, Misses Revenue Estimates

ATHENS, Greece, Feb.  20, 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 Panamax dry bulk vessels, the m/v Coronis. The gross charter rate is US$8,000 per day, minus a 5% commission paid to third parties, for a period of about nine (9) months to about ten (10) months. The charter commenced earlier today. The m/v Coronis was previously chartered to Tongli Shipping Pte. Ltd., at a gross charter rate of US$5,300 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v Coronis With Koch and Cancellation of the Sale of a Capesize Dry Bulk Vessel, the m/v Norfolk

ATHENS, Greece, Feb.  14, 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 received a notice of cancellation of the Memorandum of Agreement (the “Contract”), between a separate wholly-owned subsidiary and an unaffiliated third party, to sell the 2005-built Panamax vessel “Calipso”, as previously announced.

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

ATHENS, Greece, Feb.  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 BHP Billiton Freight Singapore Pte. Ltd., for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen (14) months to maximum seventeen (17) months. The charter commenced on February 5, 2020.

Diana Shipping Inc. Announces Time Charter Contract for m/v Philadelphia with BHP

Diana Shipping: Another Storm Is In, But A 60%+ Discount To NAV Is Enticing

ATHENS, Greece, Jan.  29, 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 2002-built vessel “Norfolk”, with delivery to the buyer latest by February 25, 2020, for a sale price of US$9.35 million before commissions.

Diana Shipping Inc. Announces the Sale of a Capesize Dry Bulk Vessel, the m/v Norfolk; A New Time Charter Contract for m/v Maia With Aquavita

Bear of the Day: Diana Shipping (DSX)

ATHENS, Greece, Jan.  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, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen (14) months to about sixteen (16) months. The charter is expected to commence on January 18, 2020.

Diana Shipping Inc. Announces Time Charter Contract for m/v Astarte With Aquavita

ATHENS, Greece, Jan.  09, 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 Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$10,800 per day, minus a 5% commission paid to third parties, for a period of minimum thirteen (13) months to about fifteen (15) months. The charter is expected to commence on January 11, 2020.

Diana Shipping Inc. Announces Time Charter Contract for m/v Ismene With Phaethon

ATHENS, Greece, Jan.  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 Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Oceanis. The gross charter rate is US$9,200 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to about fourteen (14) months. The charter is expected to commence on January 9, 2020.

Diana Shipping Inc. Announces Time Charter Contract for m/v Oceanis With Phaethon

ATHENS, Greece, Jan.  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 the commencement of a tender offer to purchase up to 3,030,303 shares, or about 3.3%, of its outstanding common stock using funds available from cash and cash equivalents at a price of $3.30 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on February 3, 2020, 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 3,030,303 Shares

ATHENS, Greece, Dec.  27, 2019  (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 2005-built vessel “Calipso”, with delivery to the buyer latest by January 30, 2020, for a sale price of US$7.275 million before commissions.

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

ATHENS, Greece, Dec.  18, 2019  (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 2,739,726 shares of its common stock, par value of US$0.01 per share (the "common stock"), at a price of US$3.65 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 11, 2019.

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

ATHENS, Greece, Dec.  16, 2019  (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 Santa Barbara. The gross charter rate is US$17,250 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 is expected to commence on December 27, 2019.

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

ATHENS, Greece, Dec.  12, 2019  (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 2,739,726 shares of its common stock, par value of US$0.01 per share (the "common stock"), at a price of US$3.65 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 11, 2019.

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

ATHENS, Greece, Dec.  03, 2019  (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 Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate is US$11,500 per day, minus a 5% commission paid to third parties, for a period of minimum thirteen (13) months to about fifteen (15) months. The charter is expected to commence on December 4, 2019.

Diana Shipping Inc. Announces Time Charter Contracts for M/V Myrsini With Ausca and M/V Artemis With Koch

Diana Shipping Inc. (DSX) CEO Simeon Palios on Q3 2019 Results - Earnings Call Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of -50.00% and -2.68%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Q3 Earnings and Revenues Miss Estimates

ATHENS, Greece, Nov.  22, 2019  (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 Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, for one of its Post-Panamax dry bulk vessels, the m/v Electra. The gross charter rate is US$10,250 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum thirteen (13) months. The charter commenced earlier today.

Diana Shipping Inc. Announces Time Charter Contracts for m/v Electra With Oldendorff and m/v Protefs With Phaethon

ATHENS, Greece, Nov.  20, 2019  (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 agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum eleven (11) months to about thirteen (13) months. The new charter period commenced on November 15, 2019.

News for Diana Shipping Stock (DSX)