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 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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ATHENS, Greece, March 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 it has filed its 2022 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 2022 audited financial statements, free of charge upon request.

Diana Shipping Inc. Announces the Filing of Its 2022 Annual Report on Form 20-F

ATHENS, Greece, March 17, 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 Kamsarmax dry bulk vessels, the m/v Leonidas P. C. The gross charter rate is US$17,000 per day, minus a 4.75% 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 Contract for m/v Leonidas P. C. With Cargill

Diana Shipping is a pure play time charterer in the dry bulk industry and, as such, its returns tend to lag behind more spot-oriented players. This is both a blessing and a curse, depending on the point in the market cycle. However, the stable dividend for the next three quarters is brilliant.

Diana Shipping Q4: Not Exactly A Rocket, But I'm In For The Dividend Stability

Diana Shipping Inc. (NYSE:DSX ) Q4 2022 Earnings Conference Call February 22, 2023 9:00 AM ET Company Participants Edward Nebb - IR Semiramis Paliou - Chief Executive Officer Anastasios Margaronis - President Ioannis Zafirakis - CFO and CSO Conference Call Participants Operator Greetings and welcome to Diana Shipping Inc. 2022 Fourth Quarter and Year End Conference Call and Webcast. At this time, all participants are in a listen-only mode.

Diana Shipping Inc. (DSX) Q4 2022 Earnings Call Transcript

ATHENS, Greece, Feb. 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 reported net income of $25.7 million and net income attributed to common stockholders of $24.2 million for the fourth quarter of 2022. This compares to net income of $41.1 million and net income attributed to common stockholders of $39.7 million for the fourth quarter of 2021, including a gain of $15.3 million from the distribution of the common shares of OceanPal Inc. to the Company's shareholders, following its spinoff. Earnings per share for the fourth quarter of 2022 was $0.28 basic and $0.27 diluted, compared to earnings per share of $0.51 basic and $0.48 diluted in the same quarter in 2021.

Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2022; Declares Cash Dividend of $0.15 Per Share for the Fourth Quarter 2022 and Special Stock Dividend

ATHENS, Greece, Feb. 14, 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 Memorandum of Agreement to acquire from an unaffiliated third party the m/v Nord Potomac, a 2016 built Ultramax dry bulk vessel of 63,379 dwt, for a purchase price of US$27.9 million. The Company anticipates to take delivery of the vessel by the beginning of April 2023.

Diana Shipping Inc. Announces the Acquisition of an Ultramax Dry Bulk Vessel

ATHENS, Greece, Feb. 10, 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 Newcastlemax dry bulk vessels, the m/v San Francisco. The gross charter rate is US$22,000 per day, minus a 5% commission paid to third parties, for a period until minimum January 5, 2025 up to maximum March 5, 2025. The charter is expected to commence on February 19, 2023.

Diana Shipping Inc. Announces Time Charter Contract for m/v San Francisco With Swissmarine

ATHENS, Greece, Feb. 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 its financial results for the fourth quarter and year ended December 31, 2022 are scheduled to be released before the opening of the U.S. financial markets on Wednesday, February 22, 2023.

Diana Shipping Inc. Announces the Date for the 2022 Fourth Quarter and Year-End Financial Results, Conference Call and Webcast

ATHENS, Greece, Feb. 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, announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell one of its dry bulk vessels, the m/v Melia, to OceanPal Inc., a related party. The aggregate sale price of the vessel is US$14.0 million. Of the sale price, US$4.0 million was paid upon signing of the Memorandum of Agreement and the remaining amount will be paid upon the delivery of the vessel in the form of shares of the OceanPal Inc.'s Series D Preferred Stock, the terms of which are set forth in the statement of designation of the Series D Preferred Stock. The aggregate sale price was agreed upon based on the average of two independent shipbroker vessel valuations, taking into account the share-based component of the consideration.

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

ATHENS, Greece, Jan. 30, 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 Aquarius (formerly “STH Kure”), 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 Aquarius And Her Entry Into Time Charter Contract With Engelhart CTP

ATHENS, Greece, Jan. 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 announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Aquavita International S.A., for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The gross charter rate is US$13,250 per day, minus a 4.75% commission paid to third parties, for a period until minimum March 5, 2024 up to maximum May 5, 2024. The new charter period is expected to commence on February 15, 2023.

Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Atalandi and a New Time Charter Contract for m/v Leto

ATHENS, Greece, Jan. 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 it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2005-built vessel “Aliki”, with delivery to the buyer latest by February 28, 2023, for a sale price of US$15.08 million before commissions.

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

ATHENS, Greece, Jan. 17, 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 CLdN Cobelfret SA, Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is US$10,000 per day for the first thirty (30) days of the charter period and US$15,000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties, for a period until minimum April 1, 2024 up to maximum May 31, 2024. The new charter period commenced on January 14, 2023.

Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Polymnia and a New Time Charter Contract for m/v Los Angeles

ATHENS, Greece, Jan. 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, 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 G. P. Zafirakis. The gross charter rate is US$17,000 per day, minus a 5% commission paid to third parties, for a period until minimum June 15, 2024 up to maximum August 15, 2024. The charter is expected to commence on January 10, 2023.

Diana Shipping Inc. Announces Time Charter Contract for m/v G. P. Zafirakis With Solebay

Low risk /high yield opportunity in Diana Shipping Bond. Yield to maturity is now 9.856%. It has been even higher months ago, reaching 11%. Principal repayment is ensured by contract coverage and low Loan-to-Value.

Fixed Income Opportunity In 9.85% YTM Diana Shipping Bond

ATHENS, Greece, Dec. 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 taken delivery of the m/v DSI Altair (formerly “STH Sydney”), 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 Altair and Her Entry Into Time Charter Contract With Western Bulk; A Time Charter Contract for m/v Ismene With ST Shipping

ATHENS, Greece, Dec. 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 completed the previously announced sale and leaseback agreement with an unaffiliated Japanese third party for the 2016-built Ultramax dry bulk vessel, m/v DSI Andromeda. The Company's gross proceeds are US$29.85 million. As part of the agreement, the Company will bareboat charter-in the vessel for a period of ten years plus 30 days at the charterer's option at US$8,950 per day and have purchase options beginning at the end of the third year of the bareboat charter period.

Diana Shipping Inc. Announces the Completion of Sale and Leaseback Transaction of m/v DSI Andromeda

ATHENS, Greece, Dec. 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 Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US$12,000 per day, minus a 4.75% commission paid to third parties, for a period until minimum October 28, 2023 up to maximum December 28, 2023. The charter commenced earlier today.

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

ATHENS, Greece, Dec. 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 a separate wholly-owned subsidiary, it has extended the time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene. The gross charter rate is US$13,000 per day, minus a 5% commission paid to third parties, for a period until minimum January 10, 2024 up to maximum March 25, 2024. The new charter period is expected to commence on December 27, 2022.

Diana Shipping Inc. Announces Direct Continuation Of Time Charter Contract For M/V Alcmene With SwissMarine

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ATHENS, Greece, Dec. 09, 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 the release of its Environmental, Social and Governance Report (the “ESG Report”), for the year ended December 31, 2021. The ESG Report provides an overview of the Company's policies relating to environmental, social and governance commitments of the Company. The ESG Report is available on the Company's website at www.dianashippinginc.com .

Diana Shipping Inc. Announces Release of Its 2021 Environmental, Social and Governance Report

ATHENS, Greece, Dec. 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 sale and leaseback agreement with an unaffiliated Japanese third party for the 2016-built Ultramax dry bulk vessel, m/v DSI Andromeda. Upon completion of the transaction, which is estimated to take place by the end of the fourth quarter of 2022, the Company's gross proceeds will be US$29.85 million. As part of the agreement, the Company will bareboat charter-in the vessel for a period of ten years plus 30 days at the charterer's option, and will have purchase options beginning at the end of the third year of the bareboat charter period.

Diana Shipping Inc. Announces Sale And Leaseback of m/v DSI Andromeda and Time Charter Contract for m/v DSI Pegasus With Reachy

ATHENS, Greece, Dec. 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, through a separate wholly-owned subsidiary, it has taken delivery of the m/v DSI Pegasus (formerly “STH Athens”), a 2015 built Ultramax dry bulk vessel of 60,508 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 Pegasus

ATHENS, Greece, Nov. 21, 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 Salanc Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate is US$15,000 per day, minus a 5% commission paid to third parties, for a period until minimum April 20, 2024 up to maximum June 28, 2024. The charter is expected to commence tomorrow.

Diana Shipping Inc. Announces Time Charter Contract For m/v Myrsini

ATHENS, Greece, Nov. 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 Western Bulk Carriers AS, for one of its Ultramax dry bulk vessels, the m/v DSI Aquila. The gross charter rate is US$13,300 per day, minus a 5% commission paid to third parties, for a period until minimum September 15, 2023 up to maximum November 15, 2023. The charter is expected to commence on November 22, 2022.

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