Diana Shipping, Inc. - DSX STOCK NEWS

Diana Shipping Inc. (NYSE: DSX) has secured a time charter with Cargill International S.A. for its Panamax dry bulk vessel, the m/v Maera. The contract, which commenced recently, will last from now until a minimum of October 28, 2023, up to a maximum of December 28, 2023. The gross charter rate is set at US$12,000 per day, generating an estimated US$3.74 million in gross revenue for the minimum duration. Diana Shipping's fleet encompasses 41 vessels, with an expected delivery of 2 additional Ultramax vessels in Q4 2022, bringing the total carrying capacity to approximately 4.8 million dwt.

Diana Shipping Inc. (NYSE: DSX) has announced an extension of its time charter contract with SwissMarine Pte Ltd. for the m/v Alcmene, a Post-Panamax dry bulk vessel, at a rate of US$13,000 per day. The charter period will last from December 27, 2022, to between January 10 and March 25, 2024. This is expected to generate approximately US$4.86 million in gross revenue. Currently, the company's fleet consists of 41 dry bulk vessels, with 2 Ultramax vessels expected to be delivered in Q4 2022, bringing their total carrying capacity to around 4.8 million dwt.

Diana Shipping Inc. (NYSE: DSX) announced the release of its Environmental, Social and Governance (ESG) Report for the year ended December 31, 2021. The report outlines the Company's environmental and social commitments and governance policies. Diana Shipping specializes in owning and chartering dry bulk vessels for transporting various commodities like iron ore and coal globally. The ESG Report is accessible on the Company's website, highlighting its dedication to ESG principles within the shipping industry.

Diana Shipping Inc. (NYSE: DSX) has announced a sale and leaseback agreement for the Ultramax dry bulk vessel, m/v DSI Andromeda, generating approximately US$29.85 million. The company will bareboat charter-in the vessel for ten years with purchase options available after three years. Additionally, Diana Shipping secured a time charter contract for the m/v DSI Pegasus at a gross rate of US$14,000 per day, expected to yield approximately US$8.09 million in gross revenue. The fleet comprises 41 dry bulk vessels with a combined capacity of about 4.8 million dwt.

Diana Shipping Inc. (NYSE: DSX) has taken delivery of the m/v DSI Pegasus, a 2015-built Ultramax dry bulk vessel with a deadweight tonnage of 60,508. This acquisition is part of a larger agreement made in August 2022, in which Diana Shipping plans to purchase nine modern Ultramax vessels. Following the delivery, the company’s fleet expands to 41 vessels with a carrying capacity of approximately 4.8 million dwt, and a weighted average age of 10.18 years. Two additional Ultramax vessels are expected to be delivered in Q4 2022.

Diana Shipping Inc. (NYSE: DSX) has announced time charter contracts for two of its dry bulk vessels, the m/v DSI Aquila and the m/v Houston. The DSI Aquila will operate at a gross rate of $13,300 per day, while the Houston will also earn $13,000 per day, both contracts running until 2023 and 2024, respectively. The anticipated gross revenue from these contracts is approximately $11.44 million. Diana Shipping's fleet currently includes 40 dry bulk vessels and is set to receive three additional Ultramax vessels in Q4 2022.

Diana Shipping Inc. (NYSE: DSX) reported substantial growth in Q3 2022, with net income surging to $31.7 million, up from $14.7 million in Q3 2021. Net income attributed to common stockholders reached $30.3 million, leading to earnings per share of $0.39 basic. Time charter revenues also increased to $73.8 million from $57.3 million, driven by higher charter rates, despite a smaller fleet and increased off-hire days. For the nine months ended September 30, net income was $93.4 million, compared to $16.3 million in 2021. The company declared a cash dividend of $0.175 per share.

Diana Shipping Inc. (NYSE: DSX) has signed a time charter contract with Western Bulk Carriers AS for the Ultramax dry bulk vessel, the m/v DSI Andromeda. The agreement is set at a gross charter rate of US$14,250 per day, with a minimum duration until October 16, 2023 and a maximum until December 16, 2023. This venture is expected to generate approximately US$4.70 million in gross revenue during this period. The DSI Andromeda, built in 2016, is part of Diana Shipping's fleet of 40 vessels, which includes various bulk carriers.

Diana Shipping Inc. (NYSE: DSX) announced the delivery of the m/v DSI Aquila, a 2015 built Ultramax dry bulk vessel, expanding its fleet to 40 vessels. This acquisition is part of a larger agreement to purchase nine Ultramax bulk vessels initiated in August 2022. The fleet's total carrying capacity, excluding three upcoming Ultramax vessels, is approximately 4.7 million dwt, with an average age of 10.16 years. The company also anticipates receiving three additional Ultramax vessels in Q4 2022.