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.

Earnings data Q4 2020

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Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 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.

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Diana Shipping Inc. (NYSE:DSX ) Q3 2022 Earnings Conference Call November 17, 2022 9:00 AM ET Company Participants Ed Nebb - IR Semiramis Paliou - CEO Anastasios Margaronis - President Ioannis Zafirakis - CFO and CSO Conference Call Participants Operator Greetings and welcome to Diana Shipping Inc. 2022 Third Quarter Conference Call and Webcast. At this time, all participants are in a listen-only mode.

Diana Shipping Inc. (DSX) Q3 2022 Earnings Call Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of 5.71% and 1.77%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Q3 Earnings Beat Estimates

ATHENS, Greece, Nov. 17, 2022 (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 $31.7 million and net income attributed to common stockholders of $30.3 million for the third quarter of 2022. This compares to net income of $14.7 million and net income attributed to common stockholders of $13.3 million for the third quarter of 2021. Earnings per share for the third quarter of 2022 was $0.39 basic and $0.37 diluted, compared to earnings per share of $0.17 basic and $0.16 diluted in the same quarter in 2021.

Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2022; Declares Cash Dividend of $0.175 Per Share for the Third Quarter 2022 and Special Stock Distribution

ATHENS, Greece, Nov. 16, 2022 (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 Western Bulk Carriers AS, for one of its Ultramax dry bulk vessels, the m/v DSI Andromeda. The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum October 16, 2023 up to maximum December 16, 2023. The charter is expected to commence later today.

Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Andromeda With WBC

ATHENS, Greece, Nov. 15, 2022 (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 Aquila (formerly “STH New York”), a 2015 built Ultramax dry bulk vessel of 60,309 dwt. The vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022.

Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel m/v DSI Aquila

ATHENS, Greece, Nov. 14, 2022 (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 Andromeda (formerly “STH Tokyo”), a 2016 built Ultramax dry bulk vessel of 60,309 dwt. The vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022.

Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel m/v DSI Andromeda and Time Charter Contract for m/v DSI Polaris With ASL

ATHENS, Greece, Nov. 10, 2022 (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 Polaris (formerly “STH Oslo”), a 2018 built Ultramax dry bulk vessel of 60,404 dwt. The vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022.

Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel m/v DSI Polaris

ATHENS, Greece, Nov. 07, 2022 (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., for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite. The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum December 1, 2023 up to maximum February 15, 2024. The charter is expected to commence on November 10, 2022.

Diana Shipping Inc. Announces Time Charter Contracts for m/v Amphitrite With Cobelfret, m/v Crystalia With Reachy and m/v DSI Phoenix With ASL

ATHENS, Greece, Nov. 03, 2022 (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 Phoenix (formerly “STH Chiba”), a 2017 built Ultramax dry bulk vessel of 60,456 dwt. The vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022.

Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel m/v DSI Phoenix

ATHENS, Greece, Oct. 27, 2022 (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 Delta Corp Shipping Pte. Ltd., for one of its Ultramax dry bulk vessels, the m/v DSI Pollux. The gross charter rate is US$17,000 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen (14) months to maximum sixteen (16) months. The charter commenced earlier today.

Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Pollux With Delta

ATHENS, Greece, Oct. 25, 2022 (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 Pollux (formerly “STH London”), a 2015 built Ultramax dry bulk vessel of 60,446 dwt. The vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022.

Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel m/v DSI Pollux

Diana Shipping recently added 9 Ultramax vessels to its fleet, lowering the overall rate volatility. One third of the deal was financed with company shares to the seller, at $5.95/share. The company's policy of long-term time charters will make it through the rate easing anticipated in 2023.

If Diana Shipping Was A Football Player, They Would Be A Cornerback

ATHENS, Greece, Oct. 20, 2022 (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 third quarter ended September 30, 2022 are scheduled to be released before the opening of the U.S. financial markets on Thursday, November 17, 2022.

Diana Shipping Inc. Announces the Date for the 2022 Third Quarter Financial Results, Conference Call and Webcast

ATHENS, Greece, Oct. 13, 2022 (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 Pyxis (formerly “STH Montreal”), a 2018 built Ultramax dry bulk vessel of 60,362 dwt. The vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022.

Diana Shipping Inc. Announces Delivery of the Ultramax Dry Bulk Vessel m/v DSI Pyxis and Entry Into Time Charter Contract With Cargill Ocean Transportation

ATHENS, Greece, Oct. 03, 2022 (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 September 30, 2022, it signed a term loan facility with Nordea Bank Abp, filial i Norge (the “Lender”), through nine wholly-owned subsidiaries (the “Borrowers”), in the amount of up to US$200 million. The purpose of the senior secured term loan facility is the partial financing of the nine modern ultramax dry bulk vessels, of which the Company expects to take delivery during the fourth quarter of 2022.

Diana Shipping Inc. Announces Signing of a Term Loan Facility With Nordea Bank

ATHENS, Greece, Sept. 12, 2022 (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 two separate wholly-owned subsidiaries, it has completed the previously announced sale and leaseback agreements with two unaffiliated Japanese third parties for the 2015-built Capesize dry bulk vessel, m/v New Orleans, and the 2015-built Capesize dry bulk vessel, m/v Santa Barbara. The Company's gross proceeds are US$66.4 million (US$33.2 million each). As part of the agreements, the Company will bareboat charter-in the vessels for a period of eight years and have purchase options beginning at the end of the third year of their bareboat charter period. The charters of m/v New Orleans and m/v Santa Barbara commenced on September 8, 2022 and September 12, 2022, respectively.

Diana Shipping Inc. Announces the Completion of Sale and Leaseback Transactions of m/v New Orleans and m/v Santa Barbara

ATHENS, Greece, Aug. 17, 2022 (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 two separate wholly-owned subsidiaries, it has entered into two sale and leaseback agreements with two unaffiliated Japanese third parties for the 2015-built Capesize dry bulk vessel, m/v New Orleans, and the 2015-built Capesize dry bulk vessel, m/v Santa Barbara. Upon completion of the transactions, which are estimated to take place by the end of the third quarter of 2022, the Company's gross proceeds will be US$66.4 million (US$33.2 million each). As part of the agreements, the Company will bareboat charter-in the vessels for a period of eight years and have purchase options beginning at the end of the third year of their bareboat charter period.

Diana Shipping Inc. Announces Sale and Leaseback of m/v New Orleans and m/v Santa Barbara

Diana Shipping used to be one of the most conservative companies in the shipping space. However, it lost its way. Management lost credibility by engaging with Kalani, through Diana Containerships, and the new "Diana Group" is becoming more and more complicated.

Diana Shipping Is Rediscovering Itself

ATHENS, Greece, Aug. 11, 2022 (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 it has agreed, through separate wholly-owned subsidiaries, to acquire nine modern ultramax dry bulk vessels built between 2015 and 2018, with an average vessel age of approximately 5.4 years, from Sea Trade Holdings Inc. (“Sea Trade”), an unaffiliated third party. The vessel deliveries are expected to occur during the fourth quarter of 2022.

Diana Shipping Inc. Announces the Acquisition of Nine Ultramax Dry Bulk Vessels From Sea Trade Holdings Inc.

ATHENS, Greece, Aug. 01, 2022 (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 Tata NYK Shipping Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$18,000 per day, minus a 5% commission paid to third parties, for a period until minimum July 15, 2023 up to maximum September 15, 2023. The charter is expected to commence on August 3, 2022.

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

Diana Shipping Inc. (NYSE:DSX ) Q2 2022 Results Conference Call July 28, 2022 9:00 AM ET Company Participants Ed Nebb - IR Semiramis Paliou - CEO Anastasios Margaronis - President Ioannis Zafirakis - CFO and Chief Strategy Officer Eleftherios Papatrifon - Chief Operating Officer Maria Dede - Chief Accounting Officer Operator Greetings. Welcome to Diana Shipping's 2022 Second Quarter Conference Call and Webcast.

Diana Shipping Inc. (DSX) CEO Semiramis Paliou on Q2 2022 Results - Earnings Call Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of 16.67% and 2.86%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Q2 Earnings and Revenues Top Estimates

ATHENS, Greece, July 28, 2022 (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 $35.6 million and net income attributed to common stockholders of $34.2 million for the second quarter of 2022. This compares to net income of $2.8 million and net income attributed to common stockholders of $1.4 million for the second quarter of 2021. Earnings per share for the second quarter of 2022 was $0.44 basic and $0.42 diluted, compared to earnings per share of $0.02 basic and diluted in the same quarter of 2021.

Diana Shipping Inc. Reports Financial Results For the Second Quarter and Six Months Ended June 30, 2022; Declares Cash Dividend of $0.275 Per Share For the Second Quarter 2022

High fuel costs are likely to have hurt Diana Shipping's (DSX) Q2 bottom-line performance.

Diana Shipping (DSX) to Post Q2 Earnings: What's in Store?

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