Diana Shipping Inc - DSX STOCK NEWS

Diana Shipping Inc. (NYSE: DSX) announced a spin-off of three older dry bulk vessels via its subsidiary OceanPal Inc., which will seek listing on Nasdaq. Shareholders of record by October 29, 2021, will receive common shares of OceanPal. The Company will contribute $1 million in initial working capital and will also receive preferred shares in OceanPal, allowing for preferred dividends. Additionally, a cash dividend of $0.10 per common share will be paid to shareholders on or around November 9, 2021, reflecting the Company’s ongoing financial strength.

Diana Shipping Inc. (NYSE: DSX) will release its third-quarter financial results on November 17, 2021, before U.S. markets open. A conference call and webcast to discuss these results will occur at 9:00 A.M. (ET) on the same day. Investors can access the webcast through the company's website, where an investor presentation will also be available. Replay options for the webcast and conference call will be provided for 30 days post-event. The company specializes in owning dry bulk vessels, primarily utilized for transporting commodities such as iron ore and coal globally.

Diana Shipping Inc. (NYSE: DSX) released its Environmental, Social and Governance (ESG) Report for 2020, detailing the company's commitments in these areas. The report is designed to enhance transparency regarding the company's policies on environmental sustainability and social responsibility. Diana Shipping operates dry bulk vessels, primarily under medium to long-term charters, transporting commodities like iron ore and grain. The ESG Report is accessible on the company's website for stakeholders interested in the company's governance practices.

Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Olam International Limited for its Capesize vessel, the m/v Baltimore, at a gross rate of US$56,000 per day, starting retroactively from September 28, 2021. This contract is anticipated to generate approximately US$5.04 million in gross revenue over the 90-day duration. Currently, Diana Shipping operates a fleet of 36 dry bulk vessels with a combined carrying capacity of about 4.6 million dwt. The company also expects the delivery of a new Kamsarmax vessel by February 2022.

Diana Shipping Inc. (NYSE: DSX) announced two time charter contracts for its Panamax dry bulk vessels, Atalandi and Leto, with Aquavita International S.A. The contracts will provide gross charter rates of US$24,500 and US$25,500 per day, respectively, for periods extending until February to April 2023. The charters are set to commence on October 2 and 3, 2021. The anticipated revenue from these charters is approximately US$24.27 million. Diana Shipping currently operates a fleet of 36 vessels with a combined capacity of 4.6 million dwt.

Diana Shipping Inc. (NYSE: DSX) has announced a new time charter for its Panamax dry bulk vessel, the m/v Maera, with ASL Bulk Shipping HK Limited. The charter, commencing September 18, 2021, is at a gross rate of $26,000 per day, generating approximately $9.70 million in revenue for a minimum period until October 1, 2022. This contract replaces a previous charter with Ausca Shipping Limited at a significantly lower rate of $8,600 per day. The company’s fleet currently comprises 36 vessels, with a combined carrying capacity of around 4.6 million dwt.

On September 13, 2021, Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with BG Shipping Co., Limited for the m/v Amphitrite, a Post-Panamax dry bulk vessel. The gross charter rate is set at $27,000 per day, with an expected revenue of around $10.58 million for the minimum charter period until December 15, 2022. Currently, Diana Shipping operates 36 vessels, with a total capacity of approximately 4.6 million dwt and an average fleet age of 10.49 years. This contract strengthens the company's position in the dry bulk shipping market.

Diana Shipping Inc. (NYSE: DSX) has entered a time charter contract for its Kamsarmax dry bulk vessel, the m/v Myrto, with Solebay Shipping Transocean Company Limited. The charter is set at a gross rate of US$28,500 per day, excluding a 5% commission, lasting from September 2021 until between August 15 and October 15, 2022. This contract is expected to generate approximately US$9.55 million in gross revenue during the minimum period. Diana Shipping's fleet comprises 36 vessels, with a total carrying capacity of about 4.6 million dwt.

Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Koch Shipping Pte., Ltd for its Capesize vessel, the m/v Houston. The charter commenced on August 30, 2021, at a gross rate of US$27,000 per day, expected to generate approximately US$8.51 million in gross revenue for the minimum contract period until July 15, 2022. The vessel, built in 2009, is part of a fleet of 36 dry bulk vessels with a combined capacity of 4.6 million dwt.