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.

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ATHENS, Greece, June 06, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in 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 Capesize dry bulk vessels, the m/v New York. The gross charter rate is US$16,000 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2024 up to maximum December 7, 2024. The charter is expected to commence on June 11, 2023.

Diana Shipping Inc. Announces Time Charter Contract for m/v New York With SwissMarine

Recently, Zacks.com users have been paying close attention to Diana Shipping (DSX). This makes it worthwhile to examine what the stock has in store.

Investors Heavily Search Diana Shipping inc. (DSX): Here is What You Need to Know

Diana Shipping (DSX) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.31 per share a year ago.

Diana Shipping (DSX) Q1 Earnings Surpass Estimates

Diana Shipping Inc. (NYSE:DSX ) Q1 2023 Earnings Call Transcript May 26, 2023 9:00 PM ET Company Participants Edward Nebb - IR Semiramis Paliou - Chief Executive Officer Ioannis Zafirakis - CFO and CSO Anastasios Margaronis - President Conference Call Participants Operator Hello, and welcome to the Diana Shipping Inc. First Quarter 2023 Conference Call and Webcast. [Operator Instructions] A question-and-answer session will follow the formal presentation.

Diana Shipping Inc. (DSX) Q1 2023 Earnings Call Transcript

ATHENS, Greece, May 26, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $22.7 million and net income attributed to common stockholders of $21.3 million for the first quarter of 2023. This compares to a net income of $26.0 million and net income attributed to common stockholders of $24.6 million reported in the first quarter of 2022. Earnings per share for the first quarter of 2023 was $0.22 basic and diluted, compared to earnings per share of $0.32 basic and $0.31 diluted in the same quarter in 2022.

Diana Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2023 and Declares Dividend of $0.15 Per Share for the First Quarter of 2023

ATHENS, Greece, May 25, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that its previously announced special stock dividend payment to common shareholders of record as of April 24, 2023 (the “Record Date”) of an aggregate of 13,157 Series D Convertible Preferred Shares of OceanPal Inc. held by the Company, is now expected to be paid on or around June 9, 2023 (the “Stock Dividend Payment Date”). Other than the revised Stock Dividend Payment Date, no other changes are being made to the terms of the special stock dividend described in the OceanPal Inc. registration statement, including the Record Date and the election deadline.

Diana Shipping Inc. Announces Special Stock Dividend Distribution Date

ATHENS, Greece, May 25, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that the Company's Annual Meeting of Shareholders (the "Meeting") was duly held on May 23, 2023, in a virtual format only via the Internet. Broadridge Financial Solutions, Inc. acted as inspector of the Meeting.

Diana Shipping Inc. Announces Results of 2023 Annual Meeting of Shareholders

ATHENS, Greece, May 22, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in 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 Selina. The gross charter rate is US$12,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum September 15, 2024 up to maximum November 15, 2024. The charter commenced on May 20, 2023.

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

High costs are likely to have hurt Diana Shipping's (DSX) Q1 performance.

Diana Shipping (DSX) to Post Q1 Earnings: What's in Store?

ATHENS, Greece, May 18, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that its financial results for the first quarter ended March 31, 2023 are scheduled to be released before the opening of the U.S. financial markets on Friday, May 26, 2023.

Diana Shipping Inc. Announces the Date for the 2023 First Quarter Financial Results, Conference Call and Webcast

Diana Shipping Inc has been able to grow revenues despite the shipping rates being much less favorable compared to 2021. The market will very likely see continued demand as freight shipping is one of the more efficient and reliable ways of transporting goods.

Diana Shipping: Growing Despite Less Favorable Rates

ATHENS, Greece, May 15, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in 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 Limited for one of its Kamsarmax dry bulk vessels, the m/v Medusa. The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum February 10, 2025 up to maximum April 15, 2025. The charter commenced yesterday.

Diana Shipping Inc. Announces Time Charter Contract For m/v Medusa With ASL

ATHENS, Greece, May 12, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that its previously announced special stock dividend payment to common shareholders of record as of April 24, 2023 (the “Record Date”) of an aggregate of 13,157 Series D Convertible Preferred Shares of OceanPal Inc. held by the Company, is now expected to be paid on or around May 30, 2023 (the “Stock Dividend Payment Date”). Because there is no public market currently existing or expected to develop for the Series D Convertible Preferred Shares of OceanPal Inc., as an accommodation to its common shareholders the Company will automatically convert the Series D Convertible Preferred Shares into OceanPal Inc. common shares on or around the Stock Dividend Payment Date and distribute such common shares to each common shareholder in lieu of Series D Convertible Preferred Shares of OceanPal Inc. Common shareholders of the Company will have the opportunity to elect to opt out, in whole but not in part, of the conversion of the Series D Convertible Preferred Shares and instead receive Series D Convertible Preferred Shares in connection with the special dividend.

Diana Shipping Inc. Announces Special Stock Dividend Election and Distribution Date

ATHENS, Greece, May 08, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Smart Gain Shipping Co., Limited, for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$21,250 per day, minus a 5% commission paid to third parties, for a period until minimum October 10, 2024 up to maximum December 10, 2024. The charter commenced on May 7, 2023.

Diana Shipping Inc. Announces Time Charter Contracts for m/v Santa Barbara With Smart Gain and m/v Phaidra With Aquavita

ATHENS, Greece, May 02, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that through a limited partnership it signed an investment agreement for the acquisition by a Norwegian entity of a 75% partnership interest in m.v. “DSI Drammen”, while maintaining 25% of the partnership interest. The Company acquired the vessel earlier this year. The financing of the vessel was also concluded, with the drawdown of US$15.4 million from Nordea Bank Abp, filial i Norge, as a result of the term loan facility which the Company signed on March 30, 2023.

Diana Shipping Inc. Announces Completion of a Joint Venture for the Acquisition of “DSI Drammen” and Her Financing With Nordea Bank and Time Charter Contract for m/v Boston With ST Shipping

ATHENS, Greece, April 27, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Reachy Shipping (SGP) Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US$15,000 per day, minus a 5% commission paid to third parties, for a period until minimum August 1, 2024 up to maximum October 1, 2024. The charter is expected to commence on April 30, 2023.

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

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ATHENS, Greece, April 20, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that on April 12, 2023, it signed a term loan facility with Danish Ship Finance A/S for up to US$100 million with maturity date in April 2028. Yesterday, it concluded the drawdown of US$100 million, secured by nine vessels. The proceeds from the loan facility refinanced other loan facilities with an aggregate outstanding amount of approximately US$87 million, namely two existing loan facilities with BNP Paribas of approximately US$75.2 million (maturity dates in July 2023 and in May 2024) and another loan facility with DNB Bank ASA of approximately US$11.8 million (maturity date in March 2024) related to the same nine vessels. The remaining proceeds may be used to pay transaction costs and expenses incurred in connection with the loan agreement and/or general corporate purposes.

Diana Shipping Inc. Announces Signing and Drawdown of a US$100 Million Term Loan Facility With Danish Ship Finance A/S to Refinance Existing Loan Facilities

ATHENS, Greece, April 18, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced today that the Company will hold its 2023 Annual Meeting of Shareholders (the “Meeting”) at 8:00 a.m. Eastern Time on May 23, 2023 in virtual format only. All shareholders of record as of April 3, 2023, who wish to attend may do so by following the instructions included in the Notice of Annual Meeting of Shareholders and accompanying proxy statement which is available on the SEC website at https://www.sec.gov/edgar/browse / ?CIK=1318885&owner=exclude  or by referring to the Company's website at www.dianashippinginc.com .

Diana Shipping Inc. Announces Date for Its 2023 Annual Meeting of Shareholders

ATHENS, Greece, April 12, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Electra. The gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period until minimum June 1, 2024 up to maximum August 1, 2024. The charter is expected to commence tomorrow.

Diana Shipping Inc. Announces Time Charter Contract for m/v Electra With Cobelfret S.A.

ATHENS, Greece, April 11, 2023 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v DSI Drammen (formerly “Nord Potomac”), a 2016 built Ultramax dry bulk vessel of 63,379 dwt that the Company entered into an agreement to purchase in February 2023.

Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel m/v DSI Drammen and Her Entry Into Time Charter Contract With IMC Shipping

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