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

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q1 2023

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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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ATHENS, Greece, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that its financial results for the third quarter ended September 30, 2020 are scheduled to be released before the opening of the U.S. financial markets on Monday, November 23, 2020.

Diana Shipping Inc. Announces the Date for the 2020 Third Quarter Financial Results, Conference Call and Webcast

ATHENS, Greece, Sept.  23, 2020  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership 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 2006-built vessel “Sideris GS”, with delivery to the buyer latest by January 20, 2021, for a sale price of US$11.5 million before commissions.

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

ATHENS, Greece, Sept.  16, 2020  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership 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 2006-built vessel “Coronis”, with delivery to the buyer latest by January 20, 2021, for a sale price of US$7.1 million before commissions.

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

ATHENS, Greece, Sept.  08, 2020  (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 Newport News. The gross charter rate is US$18,400 per day, minus a 5% commission paid to third parties, for a period until minimum 16 October 2021 up to maximum 30 December 2021. The charter is expected to commence later today. The m/v Newport News is currently chartered, as previously announced, to SwissMarine Services S.A., Geneva, 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 Contract for m/v Newport News With Koch

Diana Shipping: Common Is Neutral And Preferred Still A Winner

Eagle Bulk Shipping

Genco Shipping & Trading

Scorpio Bulkers

Safe Bulkers

Star Bulk Carriers

Dry cargo shipping is a highly fragmented, commodity-type business with little differentiation between ships of similar type, size, or age.

Survey Of Operating Costs In Dry Cargo Shipping

ATHENS, Greece, Aug.  07, 2020  (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 Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Melia. The gross charter rate is US$10,000 per day, plus US$500,000 gross ballast bonus, minus a 5% commission paid to third parties, for a period of about eight (8) months to maximum ten (10) months. The charter is expected to commence on August 20, 2020.

Diana Shipping Inc. Announces Time Charter Contract for m/v Melia With Ausca

Projected free cash flows provide strong coverage of the Series B dividend yield.

Diana Series B - A Solid 10% Yield Investment Proposition

Diana Shipping Inc. (DSX) Q2 2020 Results - Earnings Call Transcript

Diana Shipping (DSX) delivered earnings and revenue surprises of -37.50% and -4.60%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Diana Shipping (DSX) Reports Q2 Loss, Lags Revenue Estimates

Shares of Diana Shipping (NYSE:DSX) moved lower by 3.4% in pre-market trading after the company reported Q2 results.

Diana Shipping: Q2 Earnings Insights

ATHENS, Greece, July  27, 2020  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $10.8 million and a net loss attributed to common stockholders of $12.2 million for the second quarter of 2020, including a $2.6 million impairment loss. This compares to a net loss of $1.3 million and net loss attributed to common stockholders of $2.7 million reported in the second quarter of 2019.

Diana Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2020

Costamare

Frontline

StealthGas

Martin Midstream Partners

Shipping Industry Outlook Dismal Amid Coronavirus Concerns

ATHENS, Greece, July  08, 2020  (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 ST Shipping and Transport Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$11,000 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (12) months to maximum fourteen (14) months. The charter commenced on July 5, 2020. The m/v Selina was previously chartered to Cargill International S.A., Geneva, at a gross charter rate of US$4,750 per day, minus a 4.75% commission paid to third parties.

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

ATHENS, Greece, July  07, 2020  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has repurchased an aggregate amount equal to US$8.0 million of the nominal amount of the outstanding senior unsecured bonds in the Diana Shipping Inc. 18/23 9.50% USD C bond issue with ISIN NO0010832868. Following this buyback the Company holds bonds equal to US$8.0 million of the nominal amount of the outstanding bonds in the bond issue.

Diana Shipping Inc. Announces Repurchase of US$8.0 Million of Its Senior Unsecured Bonds

Diana Shipping Seems To Have Plenty Of Upside

ATHENS, Greece, June  30, 2020  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that on June 29, 2020, it signed, through two wholly-owned subsidiaries owning the m/v G. P. Zafirakis and m/v P. S. Palios, a supplemental agreement to the existing secured loan agreement with BNP Paribas, to extend by 2.5 years the maturity of the existing secured loan facility until May 19, 2024.

Diana Shipping Inc. Announces Signing of a Supplemental Agreement With BNP Paribas for a 2.5 Year Extension of the Maturity of the Existing Facility With the Bank; Announces the Sale of a Panamax Dry Bulk Vessel, the m/v Arethusa

ATHENS, Greece, June  15, 2020  (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 Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US$8,600 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 30, 2021. The charter commenced on June 11, 2020.

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

ATHENS, Greece, June  11, 2020  (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 Newcastlemax dry bulk vessels, the m/v Los Angeles. The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2021 up to maximum December 31, 2021. The charter commenced on June 6, 2020. The m/v Los Angeles was chartered, as previously announced, to SwissMarine Services S.A., Geneva, at a gross charter rate of US$13,250 per day, minus a 5% commission paid to third parties.

Diana Shipping Inc. Announces Time Charter Contract for m/v Los Angeles With Engelhart CTP

ATHENS, Greece, June  05, 2020  (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 Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The gross charter rate is US$9,300 per day, minus a 5% commission paid to third parties, for a period of minimum thirteen (13) months to maximum sixteen (16) months. The new charter period is expected to commence on June 9, 2020.

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

ATHENS, Greece, June  03, 2020  (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 G. P. Zafirakis. The gross charter rate is US$13,200 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2021 up to maximum December 31, 2021. The charter commenced on May 31, 2020.

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

ATHENS, Greece, June  01, 2020  (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 Uniper Global Commodities SE, Düsseldorf, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is US$9,400 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months. The new charter period commenced on May 29, 2020.

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

ATHENS, Greece, May  26, 2020  (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that on May 22, 2020, it signed a term loan facility with ABN AMRO Bank N.V. (the “Lender”), through six wholly-owned subsidiaries (the “Borrowers”), in the amount of US$52.885 million, divided into two tranches. The purpose of the loan facility was to combine the two loans outstanding with the Lender and extend the maturity of the loan maturing in March 2021 to the maturity of the other loan, maturing in June 2024.

Diana Shipping Inc. Announces Signing of a Term Loan Facility with ABN AMRO Bank to Refinance Two Separate Existing Loans with the Bank

ATHENS, Greece, May  26, 2020  (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 Glencore Agriculture B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is US$8,750 per day, minus a 5% commission paid to third parties, for a period until minimum July 1, 2021 up to maximum September 30, 2021. The charter commenced on May 22, 2020.

Diana Shipping Inc. Announces Time Charter Contract for m/v Crystalia With Glencore

Diana Shipping Q1 Review And Path Forward

News for Diana Shipping Stock (DSX)