Diana Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2024; Declares Cash Dividend of $0.075 Per Common Share for the First Quarter 2024
Diana Shipping (NYSE: DSX) announced its first-quarter 2024 financial results. The company reported a net income of $2.1 million, compared to $22.7 million in Q1 2023. Net income attributable to common stockholders was $0.6 million, down from $21.3 million. Earnings per share (EPS) decreased to $0.01 from $0.22. Time charter revenues fell to $57.6 million from $72.6 million, due to lower average charter rates and ownership days. A $0.075 per share cash dividend was declared, payable on June 18, 2024. The fleet comprised 39 vessels, with an average age of 10.7 years. The company's TCE rate decreased to $15,051 from $18,503. Vessel operating expenses rose slightly to $5,775 per day from $5,396.
- Net income of $2.1 million for Q1 2024.
- EPS of $0.01 for Q1 2024.
- Declared cash dividend of $0.075 per share for Q1 2024.
- Fleet utilization remained high at 99.1%.
- Net income attributable to common stockholders decreased to $0.6 million from $21.3 million in Q1 2023.
- EPS dropped significantly from $0.22 to $0.01.
- Time charter revenues fell from $72.6 million to $57.6 million.
- Decreased average charter rates and ownership days.
- Vessel operating expenses increased to $5,775 per day from $5,396.
Insights
Diana Shipping Inc.'s first-quarter financial results show a significant decline in both net income and time charter revenues year-over-year. The net income for Q1 2024 is reported at
The cash dividend declaration of
The company's fleet employment data also reveals a mixed picture, with varied gross rates across different vessels and time periods. Given the high volatility in charter rates and operational days, the future revenue generation ability remains uncertain.
The bulk shipping market is often influenced by global trade dynamics, including commodity demand and supply chain disruptions. Diana Shipping Inc.'s performance suggests it is navigating a tough market characterized by lower average charter rates and a slight decrease in the number of vessels. These factors are likely contributing to the reduced time charter revenues from
Analyzing the fleet utilization rate, which remains high at
For retail investors, understanding these nuances is crucial. The company’s resilience in a possibly downturn market can reflect on share values. Nevertheless, the decrease in TCE rates from
ATHENS, Greece, May 28, 2024 (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
Time charter revenues were
Dividend Declaration
The Company has declared a cash dividend on its common stock of
| Q2 2024 Fleet Employment (As of May 27, 2024) | ||||||||||
| VESSEL | SISTER SHIPS* | GROSS RATE (USD PER DAY) | COM** | CHARTERERS | DELIVERY DATE TO CHARTERERS*** | REDELIVERY DATE TO OWNERS**** | NOTES | |||
| BUILT DWT | ||||||||||
| 9 Ultramax Bulk Carriers | ||||||||||
| 1 | DSI Phoenix | A | 13,250 | 5.00 | % | ASL Bulk Marine Limited | 4-Nov-22 | 6-May-24 | ||
| 2017 60,456 | 16,500 | 5.00 | % | Bulk Trading SA | 6-May-24 | 1/Aug/2025 - 30/Sep/2025 | ||||
| 2 | DSI Pollux | A | 14,000 | 4.75 | % | Cargill Ocean Transportation (Singapore) Pte. Ltd. | 28-Dec-23 | 20/Aug/2025 - 20/Oct/2025 | ||
| 2015 60,446 | ||||||||||
| 3 | DSI Pyxis | A | 14,250 | 5.00 | % | ASL Bulk Marine Limited | 24-Sep-23 | 10/Oct/2024 - 10/Dec/2024 | ||
| 2018 60,362 | ||||||||||
| 4 | DSI Polaris | A | 13,100 | 5.00 | % | ASL Bulk Marine Limited | 12-Nov-22 | 15/Jun/2024 - 29/Jul/2024 | 1 | |
| 2018 60,404 | ||||||||||
| 5 | DSI Pegasus | A | 14,000 | 5.00 | % | Reachy Shipping (SGP) Pte. Ltd. | 7-Dec-22 | 15/Jul/2024 - 15/Sep/2024 | ||
| 2015 60,508 | ||||||||||
| 6 | DSI Aquarius | B | 14,200 | 5.00 | % | Engelhart CTP Freight (Switzerland) SA | 1-Feb-23 | 18-Jan-24 | ||
| 2016 60,309 | 14,500 | 5.00 | % | Stone Shipping Ltd | 18-Jan-24 | 1/Dec/2024 - 1/Feb/2025 | ||||
| 7 | DSI Aquila | B | 12,500 | 5.00 | % | Western Bulk Carriers AS | 11-Nov-23 | 10/Nov/2024 - 10/Jan/2025 | ||
| 2015 60,309 | ||||||||||
| 8 | DSI Altair | B | 13,800 | 5.00 | % | Western Bulk Carriers AS | 23-Jun-23 | 10/Aug/2024 - 10/Oct/2024 | ||
| 2016 60,309 | ||||||||||
| 9 | DSI Andromeda | B | 13,500 | 5.00 | % | Bunge SA, Geneva | 27-Nov-23 | 20/Feb/2025 - 20/Apr/2025 | 2,3 | |
| 2016 60,309 | ||||||||||
| 6 Panamax Bulk Carriers | ||||||||||
| 10 | ARTEMIS | 12,000 | 5.00 | % | Jera Global Markets Pte. Ltd. | 14-Oct-23 | 23-Feb-24 | 4 | ||
| 2006 76,942 | ||||||||||
| 11 | LETO | 14,500 | 4.75 | % | Cargill International S.A., Geneva | 29-Jan-23 | 3-May-24 | |||
| 2010 81,297 | 16,000 | 5.00 | % | ASL Bulk Shipping Limited | 3-May-24 | 1/Mar/2025 - 30/Apr/2025 | ||||
| 12 | SELINA | C | 12,000 | 4.75 | % | Cargill International S.A., Geneva | 20-May-23 | 15/Sep/2024 - 15/Nov/2024 | ||
| 2010 75,700 | ||||||||||
| 13 | MAERA | C | 12,000 | 4.75 | % | Cargill International S.A., Geneva | 16-Dec-22 | 29-Jan-24 | 5 | |
| 2013 75,403 | 13,750 | 5.00 | % | ST Shipping and Transport Pte. Ltd. | 29-Jan-24 | 20/Nov/2024 - 20/Jan/2025 | ||||
| 14 | ISMENE | 12,650 | 5.00 | % | Paralos Shipping Pte., Ltd. | 13-Sep-23 | 15/Apr/2025 - 30/Jun/2025 | |||
| 2013 77,901 | ||||||||||
| 15 | CRYSTALIA | D | 11,250 | 5.00 | % | Reachy Shipping (SGP) Pte. Ltd. | 6-Sep-23 | 13-Apr-24 | 6 | |
| 2014 77,525 | 13,900 | 5.00 | % | Louis Dreyfus Company Freight Asia Pte. Ltd. | 4-May-24 | 4/Feb/2026 - 4/Jun/2026 | ||||
| 16 | ATALANDI | D | 13,250 | 4.75 | % | Aquavita International S.A. | 15-Feb-23 | 29-Apr-24 | 7 | |
| 2014 77,529 | 15,800 | 5.00 | % | Quadra Commodities SA | 28-May-24 | 22-Jul-24 | 8,9 | |||
| 6 Kamsarmax Bulk Carriers | ||||||||||
| 17 | MAIA | E | 13,500 | 5.00 | % | ST Shipping and Transport Pte. Ltd. | 23-Sep-23 | 15/Jun/2024 - 20/Aug/2024 | ||
| 2009 82,193 | ||||||||||
| 18 | MYRSINI | E | 15,000 | 5.00 | % | Salanc Pte. Ltd. | 22-Nov-22 | 20/Jun/2024 - 28/Jun/2024 | 1 | |
| 2010 82,117 | ||||||||||
| 19 | MEDUSA | E | 14,250 | 5.00 | % | ASL Bulk Shipping Limited | 14-May-23 | 10/Feb/2025 - 15/Apr/2025 | ||
| 2010 82,194 | ||||||||||
| 20 | MYRTO | E | 12,650 | 5.00 | % | Cobelfret S.A., Luxemburg | 15-Jul-23 | 1/Nov/2024 - 15/Jan/2025 | ||
| 2013 82,131 | ||||||||||
| 21 | ASTARTE | 15,000 | 5.00 | % | Reachy Shipping (SGP) Pte. Ltd. | 29-Apr-23 | 1/Aug/2024 - 1/Oct/2024 | |||
| 2013 81,513 | ||||||||||
| 22 | LEONIDAS P. C. | 17,000 | 4.75 | % | Cargill International S.A., Geneva | 17-Mar-23 | 22-Feb-24 | 10 | ||
| 2011 82,165 | 17,000 | 5.00 | % | Ming Wah International Shipping Company Limited | 22-Feb-24 | 20/Aug/2025 - 20/Oct/2025 | ||||
| 5 Post-Panamax Bulk Carriers | ||||||||||
| 23 | ALCMENE | 13,000 | 5.00 | % | SwissMarine Pte. Ltd., Singapore | 2-Jan-23 | 23-Mar-24 | |||
| 2010 93,193 | 16,000 | 5.00 | % | Triangle Merchant Maritime Co., Limited | 24-Mar-24 | 1-Jun-24 | 1,11 | |||
| 24 | AMPHITRITE | F | 14,250 | 5.00 | % | Cobelfret S.A., Luxembourg | 9-Nov-22 | 13-Jan-24 | ||
| 2012 98,697 | 15,000 | 13-Jan-24 | 15/Nov/2024 - 15/Jan/2025 | 12 | ||||||
| 25 | POLYMNIA | F | 15,000 | 5.00 | % | Cobelfret S.A., Luxemburg | 14-Jan-23 | 5-Jun-24 | 1,13 | |
| 2012 98,704 | ||||||||||
| 26 | ELECTRA | G | 14,500 | 5.00 | % | Cobelfret S.A., Luxemburg | 13-Apr-23 | 2/Jun/2024 - 30/Jun/2024 | 1 | |
| 2013 87,150 | ||||||||||
| 27 | PHAIDRA | G | 12,250 | 4.75 | % | Aquavita International S.A. | 9-May-23 | 1/Sep/2024 - 15/Nov/2024 | ||
| 2013 87,146 | ||||||||||
| 9 Capesize Bulk Carriers | ||||||||||
| 28 | SEMIRIO | H | 14,150 | 5.00 | % | Solebay Shipping Cape Company Limited, Hong Kong | 18-Aug-23 | 20/Nov/2024 - 30/Jan/2025 | ||
| 2007 174,261 | ||||||||||
| 29 | HOUSTON | H | 13,000 | 5.00 | % | EGPN Bulk Carrier Co., Limited | 21-Nov-22 | 1/Jul/2024 - 31/Aug/2024 | 14 | |
| 2009 177,729 | ||||||||||
| 30 | NEW YORK | H | 16,000 | 5.00 | % | SwissMarine Pte. Ltd., Singapore | 11-Jun-23 | 1/Oct/2024 - 7/Dec/2024 | ||
| 2010 177,773 | ||||||||||
| 31 | SEATTLE | I | 17,500 | 5.00 | % | Solebay Shipping Cape Company Limited, Hong Kong | 1-Oct-23 | 15/Jul/2025 - 30/Sep/2025 | ||
| 2011 179,362 | ||||||||||
| 32 | P. S. PALIOS | I | 31,000 | 5.00 | % | Classic Maritime Inc. | 11-Jun-22 | 7-May-24 | ||
| 2013 179,134 | 27,150 | 5.00 | % | Bohai Shipping (HEBEI) Co., Ltd | 7-May-24 | 1/Nov/2025 - 31/Dec/2025 | ||||
| 33 | G. P. ZAFIRAKIS | J | 17,000 | 5.00 | % | Solebay Shipping Cape Company Limited, Hong Kong | 12-Jan-23 | 15/Jun/2024 - 15/Aug/2024 | ||
| 2014 179,492 | ||||||||||
| 34 | SANTA BARBARA | J | 21,250 | 5.00 | % | Smart Gain Shipping Co., Limited | 7-May-23 | 10/Oct/2024 - 10/Dec/2024 | 15 | |
| 2015 179,426 | ||||||||||
| 35 | NEW ORLEANS | 20,000 | 5.00 | % | Kawasaki Kisen Kaisha, Ltd. | 7-Dec-23 | 15/Aug/2025 - 31/Oct/2025 | 15,16 | ||
| 2015 180,960 | ||||||||||
| 36 | FLORIDA | 25,900 | 5.00 | % | Bunge S.A., Geneva | 29-Mar-22 | 29/Jan/2027 - 29/May/2027 | 3 | ||
| 2022 182,063 | ||||||||||
| 4 Newcastlemax Bulk Carriers | ||||||||||
| 37 | LOS ANGELES | K | 17,700 | 5.00 | % | Nippon Yusen Kabushiki Kaisha, Tokyo | 15-Jan-23 | 15/Jun/2024 - 5/Aug/2024 | ||
| 2012 206,104 | ||||||||||
| 38 | PHILADELPHIA | K | 26,000 | 5.00 | % | C Transport Maritime Ltd., Bermuda | 12-Apr-22 | 4-Feb-24 | ||
| 2012 206,040 | 22,500 | 5.00 | % | Nippon Yusen Kabushiki Kaisha, Tokyo | 4-Feb-24 | 20/Apr/2025 - 20/Jul/2025 | ||||
| 39 | SAN FRANCISCO | L | 22,000 | 5.00 | % | SwissMarine Pte. Ltd., Singapore | 18-Feb-23 | 5/Jan/2025 - 5/Mar/2025 | ||
| 2017 208,006 | ||||||||||
| 40 | NEWPORT NEWS | L | 20,000 | 5.00 | % | Nippon Yusen Kabushiki Kaisha, Tokyo | 20-Sep-23 | 10/Mar/2025 - 10/Jun/2025 | ||
| 2017 208,021 | ||||||||||
| * Each dry bulk carrier is a “sister ship”, or closely similar, to other dry bulk carriers that have the same letter. | ||||||||||
| ** Total commission percentage paid to third parties. | ||||||||||
| *** In case of newly acquired vessel with time charter attached, this date refers to the expected/actual date of delivery of the vessel to the Company. | ||||||||||
| **** Range of redelivery dates, with the actual date of redelivery being at the Charterers’ option, but subject to the terms, conditions, and exceptions of the particular charterparty. | ||||||||||
| 1Based on latest information. | ||||||||||
| 2The fixture includes the option for redelivery of vessel east of Suez against a gross ballast bonus of US | ||||||||||
| 3Bareboat chartered-in for a period of ten years. | ||||||||||
| 4Vessel has been sold and delivered to her new Owners on March 5, 2024. | ||||||||||
| 5Charterers will compensate the Owners at a rate of | ||||||||||
| 6Vessel on scheduled drydocking during the period from April 15, 2024 to May 4, 2024. | ||||||||||
| 7Vessel on scheduled drydocking during the period from April 29, 2024 to May 28, 2024. | ||||||||||
| 8Estimated delivery date to the Charterers. | ||||||||||
| 9Redelivery date based on an estimated time charter trip duration of about 55 days. | ||||||||||
| 10Vessel off hire for 5.93 days. | ||||||||||
| 11Redelivery date based on an estimated time charter trip duration of about 70 days. | ||||||||||
| 12The charter rate will be US | ||||||||||
| 13The charter rate was US | ||||||||||
| 14Vessel has been sold and it is expected to be delivered to her new Owners by latest September 16, 2024. | ||||||||||
| 15Bareboat chartered-in for a period of eight years. | ||||||||||
| 16Vessel off hire for 7.43 days. | ||||||||||
| Summary of Selected Financial & Other Data (unaudited) | |||||||
| Three months ended March 31, | |||||||
| 2024 | 2023 | ||||||
| STATEMENT OF INCOME DATA (in thousands of US Dollars) | |||||||
| Time charter revenues | $ | 57,648 | $ | 72,642 | |||
| Voyage expenses | 3,268 | 3,811 | |||||
| Vessel operating expenses | 20,864 | 20,164 | |||||
| Net income | 2,058 | 22,713 | |||||
| Net income attributable to common stockholders | 616 | 21,271 | |||||
| FLEET DATA | |||||||
| Average number of vessels | 39.7 | 41.5 | |||||
| Number of vessels | 39.0 | 41.0 | |||||
| Weighted average age of vessels | 10.7 | 10.0 | |||||
| Ownership days | 3,613 | 3,737 | |||||
| Available days | 3,613 | 3,720 | |||||
| Operating days | 3,582 | 3,699 | |||||
| Fleet utilization | 99.1 | % | 99.4 | % | |||
| AVERAGE DAILY RESULTS | |||||||
| Time charter equivalent (TCE) rate (1) | $ | 15,051 | $ | 18,503 | |||
| Daily vessel operating expenses (2) | $ | 5,775 | $ | 5,396 | |||
Non-GAAP Measures
| (1) | Time charter equivalent rates, or TCE rates, are defined as our time charter revenues less voyage expenses during a period divided by the number of available days during the period, which is consistent with industry standards. Voyage expenses include port charges, bunker (fuel) expenses or gain, canal charges and commissions. TCE is a non-GAAP measure. TCE rate is a standard shipping industry performance measure used primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day amounts while charter hire rates for vessels on time charters are generally expressed in such amounts. |
| (2) | Daily vessel operating expenses, which include crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the costs of spares and consumable stores, tonnage taxes and other miscellaneous expenses, are calculated by dividing vessel operating expenses by ownership days for the relevant period. |
Conference Call and Webcast Information
The Company’s management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. (Eastern Time) on Tuesday, May 28, 2024.
Investors may access the webcast by visiting the Company’s website at www.dianashippinginc.com, and clicking on the webcast link. An accompanying investor presentation also will be available via the webcast link and on the Company’s website. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for international callers) and asking the operator for the Diana Shipping Inc. conference call.
A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on www.dianashippinginc.com. A telephone replay also will be available for 30 days by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers) and providing the Replay ID number 13746383.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-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.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
(See financial tables attached)
| DIANA SHIPPING INC. | |||||||
| FINANCIAL TABLES | |||||||
| Expressed in thousands of U.S. Dollars, except share and per share data | |||||||
| UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||||||
| Three months ended March 31, | |||||||
| 2024 | 2023 | ||||||
| REVENUES: | |||||||
| Time charter revenues | $ | 57,648 | $ | 72,642 | |||
| OPERATING EXPENSES | |||||||
| Voyage expenses | 3,268 | 3,811 | |||||
| Vessel operating expenses | 20,864 | 20,164 | |||||
| Depreciation and amortization of deferred charges | 11,102 | 13,254 | |||||
| General and administrative expenses | 8,533 | 7,682 | |||||
| Management fees to a related party | 333 | 315 | |||||
| Gain on sale of vessels | (1,572 | ) | (4,995 | ) | |||
| Other operating income | (285 | ) | (210 | ) | |||
| Operating income, total | $ | 15,405 | $ | 32,621 | |||
| OTHER INCOME / (EXPENSES): | |||||||
| Interest expense and finance costs | (12,056 | ) | (11,658 | ) | |||
| Interest and other income | 1,736 | 1,774 | |||||
| Gain on derivative instruments | 338 | - | |||||
| Loss on extinguishment of debt | - | (44 | ) | ||||
| Gain on investments | 1,716 | - | |||||
| Loss on warrants | (4,684 | ) | - | ||||
| Gain/(loss) from equity method investments | (397 | ) | 20 | ||||
| Total other expenses, net | $ | (13,347 | ) | $ | (9,908 | ) | |
| Net income and comprehensive income | $ | 2,058 | $ | 22,713 | |||
| Dividends on series B preferred shares | (1,442 | ) | (1,442 | ) | |||
| Net income and comprehensive income attributable to common stockholders | 616 | 21,271 | |||||
| Earnings per common share, basic | $ | 0.01 | $ | 0.22 | |||
| Earnings per common share, diluted | $ | 0.01 | $ | 0.22 | |||
| Weighted average number of common shares outstanding, basic | 110,330,456 | 97,323,011 | |||||
| Weighted average number of common shares outstanding, diluted | 111,378,871 | 98,500,961 | |||||
| CONDENSED CONSOLIDATED BALANCE SHEET DATA | |||||
| (in thousands of U.S. Dollars) | |||||
| March 31, 2024 | December 31, 2023* | ||||
| ASSETS | (unaudited) | ||||
| Cash, cash equivalents, restricted cash and time deposits | $ | 161,974** | $ | 161,592** | |
| Investments in equity securities | - | 20,729 | |||
| Other current assets | 41,993 | 19,900 | |||
| Fixed assets | 904,007 | 924,474 | |||
| Investments in related parties and equity method investments | 41,266 | 24,087 | |||
| Other noncurrent assets | 14,123 | 15,628 | |||
| Total assets | $ | 1,163,363 | $ | 1,166,410 | |
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||
| Long-term debt and finance liabilities, net of deferred financing costs | $ | 628,148 | $ | 642,772 | |
| Other liabilities | 38,827 | 34,617 | |||
| Total stockholders' equity | 496,388 | 489,021 | |||
| Total liabilities and stockholders' equity | $ | 1,163,363 | $ | 1,166,410 | |
| * | The balance sheet data have been derived from the audited consolidated financial statements at that date. | ||||
| ** | Includes time deposits of | ||||
| OTHER FINANCIAL DATA (unaudited) | ||||||
| Three months ended March 31, | ||||||
| 2024 | 2023 | |||||
| Net cash provided by operating activities | $ | 37,965 | $ | 33,196 | ||
| Net cash used in investing activities | (21,049 | ) | (10,645 | ) | ||
| Net cash used in financing activities | $ | (16,534 | ) | $ | (50,799 | ) |
FAQ
What were Diana Shipping's net income and EPS for Q1 2024?
How did Diana Shipping's Q1 2024 net income compare to Q1 2023?
What was Diana Shipping's time charter revenue for Q1 2024?
What is the cash dividend declared by Diana Shipping for Q1 2024?
How many vessels did Diana Shipping have in Q1 2024?
What was the TCE rate for Diana Shipping in Q1 2024?
When is the dividend payable for Diana Shipping's Q1 2024 results?
