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 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, July 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 Aquavita International S.A., for one of its Capesize dry bulk vessels, the m/v Boston. The gross charter rate is US$20,500 per day, minus a 5% commission paid to third parties, for a period until minimum April 1, 2023 up to maximum May 31, 2023. The charter commenced on July 15, 2022. The m/v Boston was previously chartered to Richland Bulk Pte. Ltd., at a gross charter rate of US$13,000 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v Boston With Aquavita

ATHENS, Greece, July 06, 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 second quarter ended June 30, 2022 are scheduled to be released before the opening of the U.S. financial markets on Thursday, July 28, 2022.

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

Here is how Diana Shipping (DSX) and International Seaways (INSW) have performed compared to their sector so far this year.

Is Diana Shipping (DSX) Stock Outpacing Its Transportation Peers This Year?

ATHENS, Greece, July 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 entered into a time charter contract with Refined Success Limited, for one of its Post-Panamax dry bulk vessels, the m/v Electra. The gross charter rate is US$17,500 per day, minus a 5% commission paid to third parties, for a period until minimum April 1, 2023 up to maximum May 30, 2023. The charter commenced on July 2, 2022. The m/v Electra was chartered to Raffles Shipping International Pte. Ltd., at a gross charter rate of US$16,500 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contracts for m/v Electra With Refined Success and m/v New York With C Transport

Diana Shipping is a pure time charter company, which is something that has pros and cons. The company is currently lagging in their average time charter rates, compared to current time charter rates.

Diana Shipping: Time Charter Renewals Will Boost Average Rates

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Diana Shipping (DSX) a Great Value Stock Right Now?

Here is how Diana Shipping (DSX) and Frontline (FRO) have performed compared to their sector so far this year.

Is Diana Shipping (DSX) Outperforming Other Transportation Stocks This Year?

ATHENS, Greece, June 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 Speed Logistics Marine Limited, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$22,000 per day, minus a 5% commission paid to third parties, for a period until minimum April 15, 2023 up to maximum June 20, 2023. The charter is expected to commence tomorrow.

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

ATHENS, Greece, June 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, 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 Baltimore, to OceanPal Inc., a related party. The aggregate sale price of the vessel is $22.0 million, 20% of which was paid upon signing of the Memorandum of Agreement and 80% of which will be paid upon the delivery of the vessel in the form of newly issued preferred shares of OceanPal Inc. The terms of the preferred shares will be mutually agreeable between the Company and OceanPal Inc., and are expected to include a preferred dividend and to be convertible into OceanPal Inc. common shares at any time. The aggregate sale price was agreed upon based on the average of two independent broker vessel valuations, adjusted for a scheduled drydocking of the vessel prior to delivery to OceanPal Inc. and taking into account the share-based component of the consideration.

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

The average of price targets set by Wall Street analysts indicates a potential upside of 43.9% in Diana Shipping (DSX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Diana Shipping (DSX) Could Rally 44%: Here's is How to Trade

Diana Shipping (DSX) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Diana Shipping (DSX) Rating Upgrade to Strong Buy

Has Diana Shipping (DSX) Outpaced Other Transportation Stocks This Year?

Does Diana Shipping (DSX) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Diana Shipping (DSX) is a Great Choice

Diana Shipping (DSX) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Diana Shipping (DSX): Time to Buy?

The consensus price target hints at a 25.3% upside potential for Diana Shipping (DSX). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Predict a 25% Upside in Diana Shipping (DSX): Here's What You Should Know

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Diana Shipping Inc. (NYSE:DSX ) Q1 2022 Earnings Conference Call May 24, 2022 9:00 AM ET Company Participants Ed Nebb - Investor Relations Semiramis Paliou - Director and Chief Executive Officer Anastasios Margaronis - Director and President Ioannis Zafirakis - Director, Chief Financial Officer and Chief Strategy Officer Eleftherios Papatrifon - Chief Operating Officer Conference Call Participants Ben Nolan - Stifel Operator Greetings. And welcome to the Diana Shipping Inc. 2022 First Quarter Conference Call and Webcast.

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

Diana Shipping (DSX) delivered earnings and revenue surprises of 10.71% and 0.13%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Tops Q1 Earnings and Revenue Estimates

ATHENS, Greece, May 24, 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 $26.0 million and net income attributed to common stockholders of $24.6 million for the first quarter of 2022. This compares to a net loss of $1.3 million and net loss attributed to common stockholders of $2.7 million reported in the first quarter of 2021. Earnings per share for the first quarter of 2022 was $0.32 basic and $0.31 diluted, compared to loss per share of $0.03 basic and diluted in the same quarter in 2021.

Diana Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2022; Declares Cash Dividend of 25 Cents Per Share for the First Quarter of 2022

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?

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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.

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