Diana Shipping, Inc. - DSX STOCK NEWS

Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Bunge S.A. for its Capesize dry bulk vessel, the Florida. The charter, set to begin on March 29, 2022, has a gross rate of $25,900 per day, projected to generate approximately $45.07 million in gross revenue over the minimum term of 58 months. The Florida is a new 2022 building, enhancing the company’s fleet, which consists of 34 vessels with a combined carrying capacity of around 4.4 million dwt. This contract strengthens Diana Shipping's revenue stream and operational capacity in the dry bulk market.

Diana Shipping Inc. (NYSE: DSX) announced a new time charter contract with Cargill International S.A. for its Capesize vessel, the m/v Santa Barbara. The charter will commence on March 15, 2022, at a gross rate of US$29,500 per day, significantly up from the previous rate of US$17,250 per day. This agreement is expected to generate around US$12.24 million in gross revenue over the minimum contract period of approximately 415 days. The company currently operates a fleet of 34 vessels and plans to take delivery of one newbuilding Capesize by the end of Q1 2022.

Diana Shipping Inc. (NYSE: DSX) announced a new time charter contract with Cargill International S.A. for its Kamsarmax dry bulk vessel, the m/v Medusa. The charter rate is set at US$26,000 per day, effective from March 5, 2022, extending to a minimum of May 15, 2023 and a maximum of July 15, 2023. This contract is expected to generate approximately US$11.18 million in gross revenue. Currently, the Medusa is chartered at US$11,000 per day, indicating a significant revenue increase.

Diana Shipping Inc. (NYSE: DSX) reported a net income of $41.1 million for Q4 2021, compared to a net loss of $7.4 million in Q4 2020. Time charter revenues reached $68.8 million, a significant increase from $42.7 million year-over-year, primarily due to improved charter rates. For the full year, net income totaled $57.4 million, up from a loss of $134.2 million in 2020. The company declared a cash dividend of $0.20 per share, payable on or about March 21, 2022. The fleet utilization rate remained high at 99.6% in Q4 2021.

Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Koch Shipping Pte. Ltd. for its Newcastlemax vessel, m/v San Francisco. The gross charter rate is set at US$30,500 per day, commencing retroactively from February 18, 2022, and lasting until at least March 1, 2023, with a maximum end date of May 15, 2023. The charter is expected to generate approximately US$11.32 million in gross revenue over a minimum of 371 days. Currently, the company operates a fleet of 34 dry bulk vessels.

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in dry bulk vessels, announced the delivery of the m/v Leonidas P. C., a Kamsarmax vessel. The company has chartered the ship to Cargill International S.A. at a daily rate of $24,500 starting February 18, 2022. Additionally, Diana Shipping entered a time charter with Solebay Shipping for the m/v Seattle at $26,500 per day, commencing February 23, 2022. These employments are expected to generate approximately $24.41 million in gross revenue during the minimum charter period. The fleet now consists of 34 dry bulk vessels.

Diana Shipping Inc. (NYSE: DSX) announced new time charter contracts for its vessels, the m/v Aliki and Kamsarmax vessel, Leonidas P. C. The m/v Aliki will earn a gross charter rate of US$24,500 per day starting February 19, 2022, while the Leonidas P. C. will also secure US$24,500 per day post-delivery. The contracts are expected to generate approximately US$17.49 million in gross revenue during their minimum charter periods. Diana Shipping's current fleet, excluding two new vessels, consists of 33 dry bulk vessels with a total carrying capacity of 4.3 million dwt.

Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Koch Shipping Pte. Ltd. for its Newcastlemax dry bulk vessel, the m/v Los Angeles. The gross charter rate is US$26,250 per day, effective retroactively from January 30, 2022. The contract spans from January 15, 2023 to March 15, 2023, potentially generating about US$9.06 million in gross revenue. The company currently operates a fleet of 33 dry bulk vessels and is set to receive two additional vessels by the end of Q1 2022.

Diana Shipping Inc. (NYSE: DSX) has announced that its financial results for the fourth quarter and the year ended December 31, 2021, will be released on February 25, 2022, prior to the market opening. Management will hold a conference call at 9:00 A.M. ET to discuss these results, which can be accessed via their website or by phone. Investors can also view an accompanying presentation during the call. Diana Shipping specializes in the ownership of dry bulk vessels, primarily engaged in short to medium-term charters, transporting commodities such as iron ore, coal, and grain.