Diana Shipping, Inc. - DSX STOCK NEWS

Diana Shipping Inc. (NYSE: DSX) has extended the time charter for its Post-Panamax vessel, the m/v Polymnia, to CLdN Cobelfret SA at a gross charter rate of US$24,750 per day. This new contract, effective from February 2, 2022, runs until a minimum of January 15, 2023, up to a maximum of March 15, 2023. The expected gross revenue from this charter is approximately US$8.49 million. Diana Shipping's fleet comprises 33 vessels, with plans to add two more by the end of Q1 2022. The current fleet has a total carrying capacity of approximately 4.3 million dwt.

Diana Shipping Inc. (NYSE: DSX) announced the final results of its tender offer to repurchase up to 3,529,411 shares at $4.25 per share, expiring December 21, 2021. The tender was oversubscribed, with 10,160,243 shares tendered, leading to a prorated purchase totaling approximately $15 million. As a global provider of dry bulk shipping services, Diana Shipping's vessels transport various commodities worldwide, primarily on short to medium-term charters.

Diana Shipping Inc. (NYSE: DSX) announced the preliminary results of its tender offer to purchase up to 3,529,411 shares at $4.25 per share. The offer expired on December 21, 2021, and was oversubscribed with a total of 9,366,263 shares tendered. Shareholders will receive prorated payouts for tendered shares, totaling approximately $15 million. Final results and proration factors will be confirmed by Computershare Trust Company. Payment for accepted shares will be made promptly following confirmation.

Diana Shipping Inc. (NYSE: DSX) has announced a time charter contract with Koch Shipping Pte. Ltd. for its Newcastlemax vessel, the m/v Newport News, starting December 16, 2021. The gross charter rate is set at US$28,000 per day, compared to the previous rate of US$18,400 per day. This contract is expected to generate approximately US$15.57 million in gross revenue for the minimum term until July 1, 2023. The company's fleet currently consists of 33 dry bulk vessels with a combined carrying capacity of around 4.3 million dwt.

Diana Shipping Inc. (NYSE: DSX) has announced the acquisition of a new Capesize dry bulk vessel for $60.16 million, expected delivery by Q1 2022. This vessel, with a capacity of approximately 181,500 dwt, will enhance the company's fleet of 33 dry bulk vessels, which totals about 4.3 million dwt with an average age of 10.27 years. The firm operates primarily through medium to long-term charters, transporting commodities like iron ore and coal globally.

Diana Shipping Inc. (NYSE: DSX) announced the spin-off of its subsidiary, OceanPal Inc., effective November 29, 2021. Shareholders received one share of OceanPal for every 10 shares of Diana Shipping held as of the record date, November 3, 2021. This distribution rounded fractional shares of OceanPal up to the next whole number. For additional details, refer to the OceanPal registration statement filed with the SEC.

Diana Shipping Inc. (NYSE: DSX) announced that the spin-off of its subsidiary, OceanPal Inc., is set for November 29, 2021. This follows the effective registration of OceanPal under the Securities Exchange Act of 1934. The spin-off will proceed on the previously outlined terms, with no changes to the record date. For more details on OceanPal and the transaction, interested parties can refer to the registration statement available at the SEC website. This announcement does not constitute a securities offer.

Diana Shipping Inc. (NYSE: DSX) announced a time charter contract for its Capesize vessel, m/v Semirio, with C Transport Maritime Ltd. The contract will generate a gross charter rate of US$19,700 per day, expected to commence on December 9, 2021, and will last until November 15, 2023. This charter is anticipated to yield approximately US$11.94 million in gross revenue during the minimum scheduled period. Currently, the m/v Semirio is chartered at a lower rate of US$13,500 per day.

Diana Shipping Inc. (NYSE: DSX) has announced a tender offer to buy back up to 3,529,411 shares, approximately 4.0% of its outstanding stock, at a price of $4.25 per share, using cash reserves. The offer is set to expire on December 21, 2021, unless extended. The Board believes this repurchase is beneficial given the company’s cash position. Notably, the tender offer is contingent on the completion of the spin-off of OceanPal Inc. Shareholders participating will receive OceanPal shares.