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 Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

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

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ATHENS, Greece, May 23, 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 Classic Maritime Inc., for one of its Capesize dry bulk vessels, the m/v P. S. Palios. The gross charter rate is US$31,000 per day, minus a 5% commission paid to third parties, for a period until minimum April 15, 2024 up to maximum June 30, 2024. The charter is expected to commence on June 11, 2022. The m/v P. S. Palios was chartered, as previously announced, to Olam International Limited, Singapore, at a gross charter rate of US$26,500 per day, minus a 4.75% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v P. S. Palios With Classic Maritime

ATHENS, Greece, May 19, 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 the Company's Annual Meeting of Shareholders (the “Meeting”) was duly held on May 18, 2022, in a virtual format only via the Internet. Broadridge Financial Solutions, Inc. acted as inspector of the Meeting.

Diana Shipping Inc. Announces Results of 2022 Annual Meeting of Shareholders

ATHENS, Greece, May 18, 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 Hyundai Glovis Co. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Maia. The gross charter rate is US$25,000 per day, minus a 5% commission paid to third parties, for a period until minimum September 20, 2023 up to maximum November 20, 2023. The charter is expected to commence on May 23, 2022.

Diana Shipping Inc. Announces Time Charter Contract For m/v Maia with Hyundai Glovis

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.

Diana Shipping (DSX) Earnings Expected to Grow: Should You Buy?

Eagle Bulk Shipping

Genco Shipping & Trading

Golden Ocean Group

Grindrod Shipping Holdings Ltd

KNOT Offshore Partners

Star Bulk Carriers

ZIM Integrated Shipping Services

After nearly a year of hearing and reading about challenges due to demand outrunning supply, there are indications that supply is catching up.

7 Shipping Companies Now Delivering Huge Dividends

ATHENS, Greece, May 05, 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 first quarter ended March 31, 2022 are scheduled to be released before the opening of the U.S. financial markets on Tuesday, May 24, 2022.

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

ATHENS, Greece, April 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 it has filed its 2021 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 2021 audited financial statements, free of charge upon request.

Diana Shipping Inc. Announces the Filing of its 2021 Annual Report on Form 20-F

ATHENS, Greece, April 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 entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$26,000 per day, minus a 5% commission paid to third parties, for a period until minimum February 1, 2024 up to maximum April 15, 2024. The charter commenced yesterday.

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

ATHENS, Greece, March 29, 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 Florida, a 2022 Japanese new-building Capesize dry bulk vessel that the Company entered into an agreement to purchase in December 2021. As previously announced, the Company, through a separate wholly-owned subsidiary, simultaneously entered into a sale and leaseback agreement with an unaffiliated Japanese third party for the m/v Florida. As part of the agreement, the Company will bareboat charter-in the vessel for a period of ten years at US$13,500 per day. The charter commenced earlier today.

Diana Shipping Inc. Announces Delivery, Sale and Leaseback of the Capesize Dry Bulk Vessel m/v Florida

ATHENS, Greece, March 29, 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, announced today that the Company will hold its 2022 Annual Meeting of Shareholders (the “Meeting”) in a virtual format only. The Board of Directors (the “Board”) has scheduled the Meeting for May 18, 2022 in virtual format. Shareholders and their proxy representatives will not be able to attend the Meeting physically. The Board has set a record date for the Meeting of March 28, 2022.

Diana Shipping Inc. Announces Date for Its 2022 Annual Meeting of Shareholders

ATHENS, Greece, March 23, 2022 (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 sale and leaseback agreement with an unaffiliated Japanese third party for the 2022 new-building Capesize dry bulk vessel, m/v Florida. Upon completion, which is estimated to take place by March 29, 2022, the Company's gross proceeds in connection with the sale and leaseback transaction will be US$50.0 million. As part of the agreement, the Company will bareboat charter-in the vessel for a period of ten years and have purchase options beginning at the end of the third year of the agreement.

Diana Shipping Inc. Announces Sale and Leaseback of m/v Florida

ATHENS, Greece, March 22, 2022 (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 Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is US$32,000 per day, minus a 5% commission paid to third parties, for a period until minimum November 20, 2023 up to maximum January 31, 2024. The charter is expected to commence on March 25, 2022. The m/v New Orleans is currently chartered, as previously announced, to Nippon Yusen Kabushiki Kaisha, at a gross charter rate of US$15,500 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v New Orleans With Engelhart CTP

ATHENS, Greece, March 21, 2022 (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 Artemis. The gross charter rate is US$21,250 per day, minus a 4.75% commission paid to third parties, for a period until minimum June 20, 2023 up to maximum August 20, 2023. The charter commenced earlier today. The m/v Artemis was chartered, as previously announced, to Glencore Agriculture B.V., Rotterdam, at a gross charter rate of US$10,250 per day, minus a 5% commission paid to third parties.

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

ATHENS, Greece, March 09, 2022 (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 Bunge S.A., Geneva, for one of its Capesize dry bulk vessels, to be named “Florida”. The gross charter rate is US$25,900 per day, minus a 5% commission paid to third parties, for a period of minimum fifty-eight (58) months to maximum sixty-two (62) months. The charter is expected to commence on March 29, 2022.

Diana Shipping Inc. Announces Time Charter Contract for m/v Florida With Bunge

ATHENS, Greece, March 03, 2022 (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 Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$29,500 per day, minus a 4.75% commission paid to third parties, for a period until minimum May 10, 2023 up to maximum July 10, 2023. The new charter period is expected to commence on March 15, 2022. The m/v Santa Barbara is currently chartered, as previously announced, at a gross charter rate of US$17,250 per day, minus a 4.75% commission paid to third parties.

Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Santa Barbara With Cargill

ATHENS, Greece, Feb. 28, 2022 (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 Medusa. The gross charter rate is US$26,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum May 15, 2023 up to maximum July 15, 2023. The new charter period is expected to commence on March 5, 2022. The m/v Medusa is currently chartered, as previously announced, at a gross charter rate of US$11,000 per day, minus a 4.75% commission paid to third parties.

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

Diana Shipping Inc. (DSX) CEO Semiramis Paliou on Q1 2022 Earnings Call Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of 3.45% and 3.36%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Surpasses Q4 Earnings and Revenue Estimates

Declares Cash Dividend of 20 Cents per Share for the Fourth Quarter of 2021 Declares Cash Dividend of 20 Cents per Share for the Fourth Quarter of 2021

Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2021

ATHENS, Greece, Feb. 22, 2022 (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 San Francisco. The gross charter rate is US$30,500 per day, minus a 5% commission paid to third parties, for a period until minimum March 1, 2023 up to maximum May 15, 2023. The charter commenced retroactively as of February 18, 2022. The m/v San Francisco was chartered, as previously announced, to Olam International Limited, Singapore, at a gross charter rate of US$17,750 per day for the first one hundred five (105) days of the charter period and US$24,700 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract For m/v San Francisco with Koch

Diana Shipping (DSX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

ATHENS, Greece, Feb. 16, 2022 (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 taken delivery of the m/v Leonidas P. C. (formerly “Magnolia”), a 2011 built Kamsarmax dry bulk vessel of 82,165 dwt that the Company entered into an agreement to purchase in July 2021.

Diana Shipping Inc. Announces Delivery of the Kamsarmax Dry Bulk Vessel m/v Leonidas P. C. and Time Charter Contract for m/v Seattle With Solebay

The company has renewed several of its time charter contracts recently, with high double digit rate increases compared to the previously signed contracts. However, the company could exploit shorter term market dynamics more effectively.

Diana Shipping: Time Charter Renewals Point To Strong Quarters Ahead

ATHENS, Greece, Feb. 10, 2022 (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$24,500 per day, minus a 5% commission paid to third parties, for a period until minimum February 1, 2023 up to maximum April 15, 2023. The charter is expected to commence on February 19, 2022. The m/v Aliki is currently chartered, as previously announced, to Solebay Shipping Cape Company Limited, Hong Kong, at a gross charter rate of US$20,500 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contracts for m/v Aliki with Koch and m/v Leonidas P. C. with Cargill

Diana Shipping Inc (NYSE: DSX) subsidiary entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for the m/v Los Angeles dry bulk vessel built in 2012.

News for Diana Shipping Stock (DSX)