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 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 2023 Earnings Conference Call November 15, 2023 9:00 AM ET Company Participants Edward Nebb - Comm-Counsellors Semiramis Paliou - CEO & Director Ioannis Zafirakis - CFO, Chief Strategy Officer, Treasurer, Secretary & Director Anastasios Margaronis - President & Director Conference Call Participants Operator Greetings. Welcome to Diana Shipping Inc. Third Quarter 2023 Conference Call and Webcast.

Diana Shipping, Inc. (DSX) Q3 2023 Earnings Call Transcript

ATHENS, Greece, Nov. 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 reported net income of $7.4 million and net income attributed to common stockholders of $5.9 million for the third quarter of 2023. This compares to net income of $31.7 million and net income attributed to common stockholders of $30.3 million for the third quarter of 2022. Earnings per share for the third quarter of 2023 was $0.06 basic and diluted, compared to earnings per share of $0.39 basic and $0.37 diluted in the same quarter in 2022.

Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023; Declares Stock Dividend of $0.15 per Share for the Third Quarter 2023

ATHENS, Greece, Nov. 13, 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 third quarter ended September 30, 2023 are scheduled to be released before the opening of the U.S. financial markets on Wednesday, November 15, 2023.

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

ATHENS, Greece, Nov. 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 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 Aquila. The gross charter rate is US$12,500 per day, minus a 5% commission paid to third parties, for a period until minimum November 10, 2024 up to maximum January 10, 2025. The new charter period is expected to commence on November 12, 2023.

Diana Shipping Inc. Announces Direct Continuation Of Time Charter Contract For M/V DSI Aquila With Western Bulk

ATHENS, Greece, Oct. 23, 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 signed a term sheet relating to its participation in a joint venture entity that is expected to own and operate offshore wind vessels. In the initial phase of this collaboration, the joint venture entity has ordered two high spec Commissioning Service Operation Vessels (CSOVs) from VARD and holds the option to acquire two additional offshore wind service vessels, in an effort to become a leading provider to that sector. The Company's partners in this venture include Blue Star Group GmbH & Cie. KG, SeaRenergy Offshore Holding GmbH and SeraVerse GmbH, who share its commitment to innovation and excellence in the offshore wind sector. The transaction remains subject to the negotiation of definitive documentation relating to the Company's participation in the joint venture entity and the satisfaction of customary closing conditions.

Diana Shipping Inc. Becomes Partner in a Commissioning Service Operation Vessels Project

Diana Shipping Inc. faces significant financial challenges with a 71% decline in net income and a drop in EPS in Q2 2023. The company's time charter revenues fell by 9.6%, despite increasing its fleet size, and vessel operating expenses increased by 23%. External factors like slow economic growth forecasts and challenging market indicators further compound the risks.

Diana Shipping: Navigating Troubled Waters

ATHENS, Greece, Oct. 09, 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 it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2007-built vessel “Boston”, with delivery to the buyer latest by December 20, 2023, for a net sale price of approximately US$18 million.

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

ATHENS, Greece, Sept. 28, 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 Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Seattle. The gross charter rate is US$17,500 per day, minus a 5% commission paid to third parties, for a period until minimum July 15, 2025 up to maximum September 30, 2025. The new charter period is expected to commence on October 1, 2023.

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

ATHENS, Greece, Sept. 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 it has signed a letter of intent to order through Marubeni Corporation or its guaranteed nominee, an unaffiliated third party, two 81,200 dwt methanol dual fuel new-building Kamsarmax dry bulk vessels, for a purchase price of US$46 million each, built at Tsuneishi Group (Zhoushan) Shipbuilding Inc., China. The vessels are expected to be delivered to the Company by the second half of 2027 and the first half of 2028, respectively. The transaction remains subject to the execution of definitive documentation and satisfaction of customary closing conditions.

Diana Shipping Inc. Announces the Order of Two 81,200 Dwt Methanol Dual Fuel New-Building Kamsarmax Dry Bulk Vessels

ATHENS, Greece, Sept. 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, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ASL Bulk Marine Limited for one of its Ultramax dry bulk vessels, the m/v DSI Pyxis. The gross charter rate is US$14,250 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 September 24, 2023.

Diana Shipping Inc. Announces Time Charter Contracts for m/v DSI Pyxis With ASL and m/v Maia With ST Shipping

ATHENS, Greece, Sept. 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 entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Newcastlemax dry bulk vessels, the m/v Newport News. The gross charter rate is US$20,000 per day, minus a 5% commission paid to third parties, for a period until minimum March 10, 2025 up to maximum June 10, 2025. The charter is expected to commence during the second half of September 2023.

Diana Shipping Inc. Announces Time Charter Contracts for m/v Newport News with NYK Line And m/v Ismene with Paralos Shipping

ATHENS, Greece, Sept. 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 extended the time charter contract with Reachy Shipping (SGP) Pte. Ltd., for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$11,250 per day, minus a 5% commission paid to third parties, for a period until minimum February 20, 2024 up to maximum April 20, 2024. The new charter period is expected to commence today.

Diana Shipping Inc. Announces Direct Continuation Of Time Charter Contract For M/V Crystalia

ATHENS, Greece, Aug. 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 entered into a time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is US$14,150 per day, minus a 5% commission paid to third parties, for a period until minimum November 20, 2024 up to maximum January 30, 2025. The charter is expected to commence on August 20, 2023.

Diana Shipping Inc. Announces Time Charter Contract for m/v Semirio With Solebay

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Diana Shipping, Inc. (NYSE:DSX ) Q2 2023 Earnings Conference Call August 1, 2023 9:00 AM ET Company Participants Edward Nebb - Comm-Counsellors Ioannis Zafirakis - CFO, Chief Strategy Officer, Treasurer, Secretary & Director Semiramis Paliou - CEO & Director Anastasios Margaronis - President & Director Conference Call Participants Omar Nokta - Jefferies Operator Greetings and welcome to Diana Shipping Inc. Second Quarter 2023 Conference Call and Webcast. [Operator Instructions].

Diana Shipping, Inc. (DSX) Q2 2023 Earnings Call Transcript

Diana Shipping (DSX) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.42 per share a year ago.

Diana Shipping (DSX) Misses Q2 Earnings and Revenue Estimates

ATHENS, Greece, Aug. 01, 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 $10.4 million and net income attributed to common stockholders of $8.9 million for the second quarter of 2023. This compares to net income of $35.6 million and net income attributed to common stockholders of $34.2 million for the second quarter of 2022. Earnings per share for the second quarter of 2023 was $0.09 basic and diluted, compared to earnings per share of $0.44 basic and $0.42 diluted in the same quarter in 2022.

Diana Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2023; Declares Dividend of $0.15 Per Share for the Second Quarter 2023

ATHENS, Greece, July 13, 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 Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$12,650 per day, minus a 5% commission paid to third parties, for a period until minimum November 1, 2024 up to maximum January 15, 2025. The charter is expected to commence on July 15, 2023.

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

ATHENS, Greece, July 13, 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 second quarter ended June 30, 2023 are scheduled to be released before the opening of the U.S. financial markets on Tuesday, August 1, 2023.

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

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ATHENS, Greece, June 29, 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 June 26, 2023, it signed a term loan facility with DNB Bank ASA for up to US$100 million with maturity date up to December 2029, subject to mutually agreed margin reset at the end of the fourth year. Yesterday, it concluded the drawdown of US$100 million, secured by ten vessels. The proceeds from the loan facility refinanced other loan facilities with an aggregate outstanding amount of approximately US$68.7 million, namely two existing loan facilities with ABN AMRO Bank N.V. of approximately US$31.4 million and of approximately US$37.3 million (maturity dates in June 2024 and in May 2026) related to the same ten 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 DNB Bank ASA and a US$22.5 Million Term Loan Facility With Nordea Bank to Refinance Existing Loan Facilities

Diana Shipping (DSX) closed the most recent trading day at $3.78, making no change from the previous trading session.

Diana Shipping (DSX) Flat As Market Gains: What You Should Know

ATHENS, Greece, June 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, 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 Altair. The gross charter rate is US$13,800 per day, minus a 5% commission paid to third parties, for a period until minimum August 10, 2024 up to maximum October 10, 2024. The charter is expected to commence on June 25, 2023.

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

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Diana Shipping offers a compelling investment opportunity due to its strong balance sheet, attractive valuation metrics, and consistent dividend payments. The company has secured two new time charter contracts for its Panamax dry bulk vessels, expected to generate significant revenue, and has refinanced its existing debt, improving its financial position. Investors should be aware of inherent risks in the shipping industry, including fluctuating commodity prices and changes in global politics.

News for Diana Shipping Stock (DSX)