Diana Shipping, Inc. - DSX STOCK NEWS

Diana Shipping announced the results of its 2024 Annual Meeting held virtually on May 21, 2024.

Shareholders approved the election of four Class I Directors to serve until the 2027 Annual Meeting. Additionally, Deloitte Certified Public Accountants S.A. was appointed as the Company’s independent auditors for the fiscal year ending December 31, 2024.

Broadridge Financial Solutions acted as the meeting's inspector. Details of the proposals were distributed to shareholders on April 10, 2024, via the Notice of Annual Meeting and Proxy Statement.

Diana Shipping (NYSE: DSX), a global shipping company specializing in dry bulk vessels, announced that it will release its Q1 2024 financial results on May 28, 2024, before U.S. markets open.

Management will discuss the results in a conference call and webcast at 9:00 A.M. ET on the same day. Investors can access the webcast and accompanying presentation via the company's website.

Replay options for both the webcast and the conference call will be available for 30 days.

Diana Shipping Inc. has entered into a time charter contract with ASL Bulk Shipping for the m/v Leto, a Panamax dry bulk vessel. The gross charter rate is US$16,000 per day for a period until minimum March 1, 2025. The charter is expected to generate approximately US$4.75 million of gross revenue. Diana Shipping's fleet will consist of 38 dry bulk vessels after the sale of m/v Houston. The Company also expects to receive two new-building Kamsarmax vessels by 2028.

Diana Shipping Inc. has secured a time charter contract for its Ultramax dry bulk vessel, the m/v DSI Phoenix, with Bulk Trading SA at a gross charter rate of US$16,500 per day. The charter is expected to generate approximately US$7.33 million in gross revenue until August 1, 2025. The company's fleet will consist of 38 dry bulk vessels after the sale of m/v Houston, with plans to acquire two new-building Kamsarmax dry bulk vessels by 2028.

Diana Shipping Inc. has secured a time charter contract for its Capesize dry bulk vessel, the m/v P. S. Palios, with a gross charter rate of US$27,150 per day. The contract is expected to generate approximately US$14.39 million in gross revenue until the end of 2025. The company's fleet will consist of 38 dry bulk vessels after the sale of m/v Houston, with plans to acquire two new-building Kamsarmax dry bulk vessels by 2028.

Diana Shipping Inc. (NYSE: DSX) will hold its 2024 Annual Meeting of Shareholders virtually on May 21, 2024. Shareholders can attend by following instructions on the SEC website or the company's website.

Diana Shipping Inc. (DSX) has filed its 2023 Annual Report on Form 20-F with the SEC. Shareholders can access the report on the company's website or request a hard copy for free. The report includes audited financial statements for 2023.

Diana Shipping Inc. secures a time charter contract for its Ice Class Panamax dry bulk vessel, the m/v Crystalia, with Louis Dreyfus Company Freight Asia Pte. Ltd. at a gross charter rate of US$13,900 per day for 21 to 25 months, generating approximately US$8.76 million in revenue. The fleet will consist of 38 dry bulk vessels after the completion of previous sales, with plans for two new-building Kamsarmax vessels. The combined carrying capacity of the fleet is approximately 4.5 million dwt with an average age of 10.69 years.

Diana Shipping Inc. reported a decrease in net income for the fourth quarter of 2023 compared to the same period in 2022. Time charter revenues also decreased due to lower average charter rates, partially offset by increased ownership days from vessel acquisitions. The company declared a cash dividend of $0.075 per share.