Diana Shipping, Inc. - DSX STOCK NEWS

Diana Shipping Inc. (NYSE: DSX) reported a net loss of $1.3 million for Q1 2021, significantly improved from a $102.8 million loss in Q1 2020, which included a $93.1 million impairment. The loss per share was $0.03, compared to $1.21 in the previous year. Time charter revenues decreased to $41.1 million from $43.8 million, attributed to a decline in ownership days due to vessel sales. However, improved time charter rates and fleet utilization were noted, with a utilization rate of 98.6%.

Diana Shipping Inc. (NYSE: DSX) has entered into a time charter contract with Mitsui O.S.K. Lines, Ltd. for its Kamsarmax vessel, the m/v Astarte. This agreement secures a gross charter rate of $25,000 per day for a period running from tomorrow until December 15, 2021. This contract is expected to generate approximately $4.03 million in gross revenue. Following the sale of another vessel, the company will have 36 dry bulk vessels in its fleet, with a total carrying capacity of about 4.7 million dwt.

Diana Shipping Inc. (NYSE: DSX) announced a time charter contract for the Kamsarmax vessel m/v Myrsini with Bocimar International N.V. The contract features a gross charter rate of US$27,750 per day, effective from May 10, 2021, until late November 2021. This agreement is expected to generate approximately US$4.3 million in gross revenue over the minimum charter period. The m/v Myrsini is currently chartered at a lower rate of US$11,500 per day. Post-sale of the m/v Naias, Diana Shipping's fleet will include 36 vessels with a total capacity of 4.7 million dwt.

Diana Shipping Inc. (NYSE: DSX) will announce its first-quarter financial results for 2021 on May 21, 2021, before U.S. markets open. Management will discuss the results during a conference call at 9:00 A.M. Eastern Time on the same day, accessible via the company's website. The firm specializes in owning dry bulk vessels and offers shipping services primarily through medium to long-term time charters. Investors can expect an accompanying presentation during the call.

Diana Shipping (NYSE: DSX) announced a time charter contract with Tongli Shipping for its Post-Panamax vessel, the m/v Electra. The charter rate is set at US$21,000 per day, with a commission of 5%, covering a period until February 10, 2022, with a maximum extension to April 10, 2022. This contract is expected to generate approximately US$5.92 million in gross revenue during the minimum period. Following the sale of the m/v Naias, the company's fleet will consist of 36 vessels, with a combined capacity of 4.7 million dwt.

Diana Shipping Inc. (NYSE: DSX) has entered a time charter contract with Classic Maritime Inc. for its Newcastlemax vessel, the m/v Philadelphia, at a gross rate of US$28,500 per day. The charter, effective immediately, lasts until at least March 1, 2022, generating an estimated gross revenue of approximately US$8.81 million. This marks the highest charter rate for the vessel since its delivery in 2012. Following the upcoming sale of another vessel, the company will operate a fleet of 36 vessels with a combined capacity of 4.7 million dwt.

Diana Shipping Inc. (NYSE: DSX) announced the sale of the 2006-built vessel "Naias" for $11.25 million, expected to be delivered by July 30, 2021. This sale will reduce the fleet to 36 dry bulk vessels with a combined capacity of approximately 4.7 million dwt and an average age of 10.07 years. The company specializes in shipping transportation services using its dry bulk vessels primarily on medium to long-term charters, carrying various commodities globally.

Diana Shipping Inc. (NYSE: DSX) has filed its 2020 Annual Report on Form 20-F with the U.S. SEC. The report includes the company's audited financial statements, available for download on their website. Shareholders can request a hard copy at no charge. Diana Shipping specializes in dry bulk vessel ownership, operating primarily on medium to long-term charters, transporting commodities such as iron ore, coal, and grain across global shipping routes.