Diana Shipping, Inc. - DSX STOCK NEWS

Diana Shipping Inc. (NYSE: DSX) announced an amendment to its cash tender offer, increasing the purchase price for up to 6,000,000 shares of common stock from $2.00 to $2.50 per share. This adjustment raises the maximum aggregate purchase amount from $12.0 million to $15.0 million. The expiration date for the tender offer has been extended to January 27, 2021. Shareholders who already tendered their shares do not need to take further action to receive the increased purchase price. The previous closing price on January 12, 2021, was $2.35 per share.

Diana Shipping Inc. (NYSE: DSX) has entered a time charter contract for its Post-Panamax vessel, m/v Electra, with SwissMarine Pte Ltd. at a gross rate of US$12,500 per day, effective January 4, 2021. This contract will run until at least March 30, 2021, generating an estimated gross revenue of approximately US$1.06 million. Following the sale of three vessels, the fleet will comprise 37 dry bulk vessels with a total carrying capacity of around 5 million dwt, with an average age of 10.27 years.

Diana Shipping Inc. (NYSE:DSX) has amended its 2014 Equity Incentive Plan, increasing the common shares available for issuance by 20 million shares. All other provisions of the plan remain unchanged. The company specializes in owning and operating dry bulk vessels that transport various commodities like iron ore and coal globally. The announcement emphasizes adherence to safe harbor provisions regarding forward-looking statements, highlighting uncertainties related to market conditions and the ongoing impacts of the COVID-19 pandemic.

Diana Shipping Inc. (NYSE: DSX) has entered into time charter contracts for two Capesize dry bulk vessels, the m/v Santa Barbara and m/v Salt Lake City. The Santa Barbara will operate at a gross charter rate of $17,250 per day, while the Salt Lake City will have a rate of $13,000 per day. Both charters are set to commence shortly with expected revenues of approximately $11.89 million for the minimum charter period. Following the sale of three vessels, Diana Shipping's fleet will consist of 37 dry bulk vessels with a combined capacity of around 5.0 million dwt.

Diana Shipping Inc. (NYSE: DSX) announced a new time charter contract for its Capesize vessel, the m/v Semirio, with SwissMarine Pte Ltd. for a gross charter rate of US$13,500 per day. The contract, effective January 1, 2021, is set to last until October 5 to December 20, 2021. This agreement is expected to generate approximately US$3.7 million in gross revenue for the minimum period. Following the sale of three vessels, the company's fleet will consist of 37 vessels, totaling around 5 million dwt and a weighted average age of 10.22 years.

Diana Shipping Inc. (NYSE: DSX) announced an extension of its cash tender offer to purchase up to 6,000,000 shares of common stock at $2.00 per share. The new deadline is January 15, 2021, due to the federal holiday on December 24, 2020. Stockholders who have already tendered their shares do not need to take any additional action. The offer, which was initiated on December 15, specifies that the terms remain unchanged. The Company emphasizes the importance of reviewing the related materials filed with the SEC for further details.

Diana Shipping Inc. (NYSE: DSX) released its inaugural Environmental, Social and Governance (ESG) report for 2019, demonstrating its commitment to sustainable practices. The report details the company's policies on environmental issues, social responsibility, and corporate governance. Diana Shipping operates a fleet primarily engaged in medium to long-term charters, transporting dry bulk commodities globally. The ESG report is publicly accessible on their website, showcasing the company's transparency and accountability in the shipping sector.

Diana Shipping Inc. (NYSE: DSX) has announced the sale of the 2001-built vessel "Oceanis" for $5.75 million, with delivery by April 16, 2021. Additionally, the company has signed a time charter for the m/v New York at a rate of $14,000 per day, expected to generate approximately $6.57 million in gross revenue until mid-2022. Following these transactions, the fleet will comprise 37 vessels, with a combined capacity of about 5.0 million dwt and an average age of 10.20 years. Diana Shipping specializes in dry bulk vessel ownership and operates globally.

Diana Shipping Inc. (NYSE: DSX) has signed a time charter contract with Koch Shipping for its Capesize vessel, the m/v Baltimore, effective December 20, 2020. The charter rate is set at US$13,000 per day minus a 5% commission, generating approximately US$2.73 million in gross revenue for the minimum period until July 20, 2021, extending possibly to October 5, 2021. Post-sale of two vessels, the fleet will comprise 38 vessels with a carrying capacity of 5.0 million dwt and an average age of 10.20 years.