Diana Shipping Inc - DSX STOCK NEWS

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.

Diana Shipping Inc. (NYSE: DSX) has taken delivery of the m/v DSI Andromeda, a 2016-built Ultramax dry bulk vessel of 60,309 dwt, as part of its agreement to purchase nine vessels. The company also entered a time charter contract for the m/v DSI Polaris with ASL Bulk Marine Limited, set at a gross rate of $13,100 per day for 18-20 months, expected to yield approximately $7.07 million in gross revenue. Diana Shipping's fleet now consists of 39 vessels, with plans to add four more Ultramax vessels by the end of 2022, increasing their carrying capacity to approximately 4.7 million dwt.

Diana Shipping Inc. (NYSE: DSX) announced the delivery of the m/v DSI Polaris, a 2018-built Ultramax dry bulk vessel, increasing its fleet to 38 vessels. This delivery is part of an agreement to acquire nine Ultramax dry bulk vessels entered in August 2022. The fleet now has a combined carrying capacity of about 4.6 million dwt and a weighted average age of 10.23 years. Diana Shipping expects to receive five more Ultramax vessels in Q4 2022, emphasizing its growth strategy in the dry bulk shipping sector.

Diana Shipping Inc. (NYSE: DSX) announced three new time charter contracts for its dry bulk vessels: the m/v Amphitrite, m/v Crystalia, and m/v DSI Phoenix. The Amphitrite will generate $14,250 per day until February 2024, while the Crystalia will earn $12,500 per day up to October 2023. The DSI Phoenix has secured a rate of $13,250 per day for up to 18 months. Collectively, these charters are expected to yield approximately $15.45 million in gross revenue. Diana Shipping currently operates a fleet of 37 vessels, with a total carrying capacity of about 4.6 million dwt.

Diana Shipping Inc. (NYSE: DSX) announced the delivery of the m/v DSI Phoenix, a 2017-built Ultramax dry bulk vessel with a capacity of 60,456 dwt. This vessel is part of a larger agreement to acquire nine modern Ultramax vessels initiated in August 2022. Following this delivery, the company now operates a fleet of 37 dry bulk vessels, with a total carrying capacity of approximately 4.6 million dwt and a weighted average age of 10.29 years. Six additional Ultramax vessels are expected to join the fleet in Q4 2022.

Diana Shipping Inc. (NYSE: DSX) has secured a time charter contract for its Ultramax dry bulk vessel, m/v DSI Pollux, with Delta Corp Shipping Pte. Ltd. The charter, effective immediately, is set for a minimum of 14 months and can extend up to 16 months at a rate of US$17,000 per day, translating to approximately US$7.14 million in gross revenue for the minimum duration. Currently, Diana Shipping operates a fleet of 36 vessels and expects delivery of 7 additional Ultramax vessels later this year.