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Diana Shipping Inc. (NYSE: DSX) is a prominent global provider of shipping transportation services, primarily focusing on dry bulk cargoes. The company operates an extensive fleet of vessels including Panamax, Kamsarmax, Post-Panamax, Capesize, and Newcastlemax types, which are employed on medium to long-term time charters. These vessels transport a variety of commodities such as iron ore, coal, grain, steel products, cement, and fertilizers across international shipping routes.
Founded and incorporated in the Marshall Islands, Diana Shipping Inc. is headquartered in Athens, Greece. The company made its debut on the New York Stock Exchange on March 23, 2005, following its initial public offering. The company’s business model relies heavily on the operation of its fleet, with revenue generated through the services provided by these vessels in a uniformly regulated economic environment.
Recent achievements of Diana Shipping include expanding its fleet and securing long-term charters with reputable clients, ensuring reliable revenue streams. The company continues to focus on operational efficiency and fleet management to maintain its competitive edge in the shipping industry.
For more detailed insights and the latest updates, visit our corporate profile.
Diana Shipping Inc. (NYSE: DSX) announced two significant time charter agreements for its dry bulk vessels. The m/v Atalandi's contract with Aquavita International S.A. will generate a gross charter rate of US$13,250 per day until May 5, 2024, while the m/v Leto will have a contract with Cargill International S.A. at US$14,500 per day until April 30, 2024. These agreements are expected to yield approximately US$10.68 million in gross revenue for the minimum duration. Following the sale of the m/v Aliki, Diana Shipping's fleet will consist of 42 vessels with a combined carrying capacity of 4.9 million dwt.
Diana Shipping Inc. (NYSE: DSX) announced the sale of its 2005-built vessel, Aliki, for US$15.08 million before commissions. The delivery is scheduled by February 28, 2023, to an unaffiliated third party. After this transaction, the fleet will comprise 42 dry bulk vessels, including 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax, and 9 Ultramax vessels. The total carrying capacity, excluding the incoming Ultramax vessel, is approximately 4.9 million dwt. The company provides shipping services for various dry bulk commodities globally.
Diana Shipping Inc. (NYSE: DSX) announced the extension of a time charter with CLdN Cobelfret SA for its Post-Panamax dry bulk vessel, m/v Polymnia, at a gross rate of US$10,000 daily for the first 30 days and US$15,000 thereafter, effective January 14, 2023, until at least April 1, 2024. Additionally, a new time charter was signed with Nippon Yusen Kabushiki Kaisha for the Newcastlemax vessel, m/v Los Angeles, at a rate of US$17,700 daily, starting January 15, 2023, lasting until at least May 20, 2024. These contracts are expected to generate gross revenues of approximately US$15.02 million during their minimum periods.
Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Solebay Shipping for the Capesize dry bulk vessel, m/v G. P. Zafirakis. The contract, effective January 10, 2023, features a gross charter rate of US$17,000 per day, resulting in an estimated US$8.76 million in gross revenue for the charter duration, which extends until June 15, 2024, with a possible extension to August 15, 2024. The vessel, built in 2014, adds to Diana's fleet of 42 vessels with a total carrying capacity of 4.9 million dwt.
Diana Shipping Inc. (NYSE: DSX) has taken delivery of the m/v DSI Altair, a 2016-built Ultramax dry bulk vessel, expanding its fleet to 42 vessels. The company signed a time charter contract with Western Bulk Pte. Ltd. for DSI Altair at a gross rate of US$14,400 per day, starting December 29, 2022. Additionally, it entered a charter with ST Shipping for the m/v Ismene at US$14,000 per day, beginning December 31, 2022. These charters are projected to generate approximately US$5.77 million in gross revenue for the minimum duration.
Diana Shipping (NYSE: DSX) has finalized a sale and leaseback deal for the 2016-built Ultramax dry bulk vessel, m/v DSI Andromeda, generating gross proceeds of US$29.85 million. The company will bareboat charter-in the vessel for ten years at US$8,950 per day, with purchase options starting after three years. Currently, Diana Shipping's fleet consists of 41 vessels with a combined carrying capacity of approximately 4.8 million dwt and a weighted average age of 10.23 years.
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.
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