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Diana Shipping Inc - DSX STOCK NEWS

Welcome to our dedicated page for Diana Shipping news (Ticker: DSX), a resource for investors and traders seeking the latest updates and insights on Diana Shipping stock.

Diana Shipping Inc. (NYSE: DSX) is a prominent global provider of shipping transportation services, primarily focusing on dry bulk cargoes. The company operates an extensive fleet of vessels including Panamax, Kamsarmax, Post-Panamax, Capesize, and Newcastlemax types, which are employed on medium to long-term time charters. These vessels transport a variety of commodities such as iron ore, coal, grain, steel products, cement, and fertilizers across international shipping routes.

Founded and incorporated in the Marshall Islands, Diana Shipping Inc. is headquartered in Athens, Greece. The company made its debut on the New York Stock Exchange on March 23, 2005, following its initial public offering. The company’s business model relies heavily on the operation of its fleet, with revenue generated through the services provided by these vessels in a uniformly regulated economic environment.

Recent achievements of Diana Shipping include expanding its fleet and securing long-term charters with reputable clients, ensuring reliable revenue streams. The company continues to focus on operational efficiency and fleet management to maintain its competitive edge in the shipping industry.

For more detailed insights and the latest updates, visit our corporate profile.

News

Diana Shipping Inc. Announces Time Charter Contract for m/v Leto With ASL

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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.

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Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Phoenix With Bulk Trading SA

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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.
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Diana Shipping Inc. Announces Time Charter Contract for m/v P. S. Palios

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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.
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Diana Shipping Inc. Announces Date for Its 2024 Annual Meeting of Shareholders

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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.
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Diana Shipping Inc. Announces the Filing of Its 2023 Annual Report on Form 20-F

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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.
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Diana Shipping Inc. Announces Time Charter Contract for m/v Crystalia With Louis Dreyfus Company

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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.
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Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2023; Declares Cash Dividend of $0.075 Per Share for the Fourth Quarter 2023; Announces the Sale of a Capesize Dry Bulk Vessel, the m/v Houston

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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.
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Diana Shipping Inc. Announces the Signing of Shipbuilding Contracts for Two 81,200 Dwt Methanol Dual Fuel New-Building Kamsarmax Dry Bulk Vessels

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Diana Shipping Inc. signs shipbuilding contracts for two new-building Kamsarmax dry bulk vessels, designed for energy efficiency and low emissions. The vessels are expected to be delivered by 2027 and 2028, costing US$46 million each. The company's fleet will consist of 39 vessels upon completion of the sale of m/v Artemis.
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Diana Shipping Inc. Announces Time Charter Contract for m/v Leonidas P. C. With Ming Wah

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Diana Shipping Inc. announces a time charter contract with Ming Wah International Shipping Company Limited for one of its Kamsarmax dry bulk vessels, the m/v Leonidas P. C., generating approximately US$9.18 million in gross revenue. The charter is set to commence on February 21, 2024, and will last until at least August 20, 2025. With the sale of m/v Artemis, Diana Shipping Inc.'s fleet will comprise 39 dry bulk vessels, totaling around 4.5 million dwt.
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Diana Shipping Inc. Announces the Date for the 2023 Fourth Quarter and Year-End Financial Results, Conference Call and Webcast

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Diana Shipping Inc. (NYSE: DSX) announced the release of its financial results for the fourth quarter and year ended December 31, 2023, scheduled for February 23, 2024. The Company's management will conduct a conference call and webcast to review the results, with an investor presentation available. Investors can access the webcast and presentation on the Company's website. The conference call can be accessed via telephone, with replays available for both the webcast and telephone call.
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FAQ

What is the current stock price of Diana Shipping (DSX)?

The current stock price of Diana Shipping (DSX) is $1.82 as of February 21, 2025.

What is the market cap of Diana Shipping (DSX)?

The market cap of Diana Shipping (DSX) is approximately 210.4M.

What does Diana Shipping Inc. do?

Diana Shipping Inc. provides shipping transportation services, mainly for dry bulk cargoes such as iron ore, coal, and grain through its fleet of dry bulk carrier vessels.

Where is Diana Shipping Inc. headquartered?

Diana Shipping Inc. is headquartered in Athens, Greece.

When did Diana Shipping Inc. go public?

Diana Shipping Inc. completed its initial public offering on March 23, 2005, and its shares are traded on the New York Stock Exchange under the symbol 'DSX'.

What types of vessels does Diana Shipping Inc. operate?

Diana Shipping Inc. operates a diverse fleet consisting of Panamax, Kamsarmax, Post-Panamax, Capesize, and Newcastlemax dry bulk carrier vessels.

What commodities does Diana Shipping Inc. transport?

Diana Shipping Inc. transports a range of dry bulk commodities, including iron ore, coal, grain, steel products, cement, and fertilizers.

Where is Diana Shipping Inc. incorporated?

Diana Shipping Inc. is incorporated in the Marshall Islands.

What is the main source of revenue for Diana Shipping Inc.?

The main source of revenue for Diana Shipping Inc. is the operation of its fleet of dry bulk carrier vessels.

How does Diana Shipping Inc. ensure operational efficiency?

Diana Shipping Inc. focuses on effective fleet management and securing long-term charters with reputable clients to ensure operational efficiency.

What is the significance of Diana Shipping Inc.'s fleet?

The fleet of Diana Shipping Inc. is crucial for transporting various dry bulk cargoes across the globe, highlighting its significance in global trade and logistics.

How can I find more information about Diana Shipping Inc.?

For more detailed insights and the latest updates on Diana Shipping Inc., you can visit the company's corporate profile.
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Diana Shipping Inc

NYSE:DSX

DSX Rankings

#rank Ranked by Market Cap
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DSX Stock Data

210.43M
77.30M
38.31%
9.06%
0.98%
Marine Shipping
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Greece
Athens