Diana Shipping Inc - DSX STOCK NEWS

Diana Shipping Inc. (NYSE: DSX), a global shipping company, announced new time charter contracts for its dry bulk vessels. The m/v Electra, a Post-Panamax ship, will earn a gross rate of US$17,500 per day from Refined Success Limited starting July 2, 2022, through May 30, 2023. The m/v New York, a Capesize vessel, will secure US$23,000 per day from C Transport Maritime Ltd., with employment running until August 25, 2023. These contracts are projected to generate approximately US$12.48 million in gross revenue during their minimum duration.

Diana Shipping Inc. (NYSE: DSX) has announced a time charter contract for its Panamax dry bulk vessel, the m/v Selina, with Speed Logistics Marine Limited. The contract runs from June 17, 2022, to June 20, 2023, at a rate of $22,000 per day, generating approximately $6.56 million in gross revenue for the minimum period. Following the sale of the m/v Baltimore, Diana Shipping's fleet will consist of 34 vessels with a total carrying capacity of around 4.5 million dwt and a weighted average age of 10.38 years, emphasizing their operational capabilities in the dry bulk shipping market.

Diana Shipping Inc. (NYSE: DSX) has signed a Memorandum of Agreement to sell the m/v Baltimore to OceanPal Inc. for $22 million. The sale includes a payment structure where 20% is paid upfront and 80% upon delivery in preferred shares. The m/v Baltimore, a 2005-built Capesize vessel, has a carrying capacity of 177,243 dwt and will be delivered in Q3 2022 after scheduled drydocking. The sale was approved by a committee of independent directors following a right of first refusal agreement. Post-sale, Diana Shipping will have 34 vessels with a total capacity of approximately 4.5 million dwt.

Diana Shipping Inc. (NYSE: DSX) reported a strong financial performance for Q1 2022, achieving a net income of $26.0 million, compared to a net loss of $1.3 million in Q1 2021. Net income attributed to common shareholders was $24.6 million, with earnings per share at $0.32 basic and $0.31 diluted, reversing the prior year's loss per share of $0.03. Time charter revenues surged to $65.9 million from $41.1 million, propelled by increased average charter rates, despite a decrease in ownership days. The company declared a cash dividend of $0.25 per share, payable on June 17, 2022.

Diana Shipping Inc. (NYSE: DSX) has signed a time charter contract with Classic Maritime Inc. for its Capesize vessel, the m/v P. S. Palios. The contract is set at a gross rate of $31,000 per day, expected to commence on June 11, 2022, and will last until April 15 to June 30, 2024. This deal is projected to generate approximately $20.58 million in gross revenue. Currently, the company's fleet consists of 35 dry bulk vessels, with a total capacity of about 4.5 million dwt and an average age of 10.32 years.

Diana Shipping Inc. (NYSE:DSX) held its Annual Meeting of Shareholders on May 18, 2022, in a virtual format. Key proposals were approved, including the election of Konstantinos Psaltis, Kyriacos Riris, and Simon Morecroft as Class II Directors until the 2025 Annual Meeting. Ernst & Young (Hellas) Certified Auditors Accountants S.A. was appointed as the independent auditors for the fiscal year ending December 31, 2022. The Company specializes in dry bulk vessel transportation, focusing on short to medium-term charters.

Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Hyundai Glovis Co. Ltd. for its Kamsarmax dry bulk vessel, m/v Maia. The charter, starting on May 23, 2022, will run from a minimum of September 20, 2023, to a maximum of November 20, 2023, at a gross rate of $25,000 per day, generating approximately $13.43 million in gross revenue. The fleet consists of 35 vessels, with a total capacity of around 4.5 million dwt and an average age of 10.30 years. Diana Shipping focuses on short- to medium-term charters for dry bulk cargo transportation.

Diana Shipping Inc. (NYSE: DSX) announced that it will release its first quarter financial results for 2022 before the U.S. markets open on May 24, 2022. This announcement includes a conference call at 9:00 A.M. Eastern Time on the same day to discuss the results. Investors can participate by visiting the company's website for a webcast or by phone. A replay of the call will also be available for 30 days post-event. Diana Shipping specializes in dry bulk vessel ownership and chartering, supporting a wide range of global shipping needs.

Diana Shipping Inc. (NYSE: DSX) has filed its 2021 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The report includes audited financial statements and is available for download on the company's website. Shareholders can request a hard copy of the complete report for free. Diana Shipping is known for its ownership and bareboat charter-in of dry bulk vessels, primarily operating on short to medium-term charters to transport various commodities like iron ore, coal, and grain globally.