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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.
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Diana Shipping Inc. (NYSE: DSX) has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia, at a gross charter rate of US$22,500 for a period until minimum April 20, 2025 up to maximum July 20, 2025. The employment of 'Philadelphia' is anticipated to generate approximately US$9.79 million of gross revenue for the minimum scheduled period of the time charter. The company's fleet will consist of 39 dry bulk vessels upon completion of the previously announced sale of m/v Artemis, with a combined carrying capacity of approximately 4.5 million dwt and a weighted average age of 10.62 years.
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Diana Shipping Inc. has announced the sale of the 2006-built vessel 'Artemis' to an unaffiliated third party for a sale price of US$12.99 million. The sale is expected to be completed by March 8, 2024. After the sale, the company's fleet will consist of 39 dry bulk vessels with a combined carrying capacity of approximately 4.5 million dwt and a weighted average age of 10.59 years.
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Diana Shipping Inc. announced the exercise of an option to acquire two additional newbuilding CSOVs from VARD through its joint venture Windward Offshore. The joint venture will have contracts to acquire four CSOVs, with deliveries scheduled between the third quarter of 2025 and the third quarter of 2026. Diana Shipping Inc. currently has a fleet of 40 dry bulk vessels with a combined carrying capacity of approximately 4.5 million dwt and a weighted average age of 10.59 years.
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Diana Shipping Inc. (DSX) has entered into a time charter contract with ST Shipping and Transport Pte. Ltd. for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US$13,750 for a period until minimum November 20, 2024, up to maximum January 20, 2025. The charter is expected to commence on January 28, 2024, and is anticipated to generate approximately US$4.03 million of gross revenue for the minimum scheduled period of the time charter.
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Diana Shipping Inc. (DSX) has entered into a time charter contract with Stone Shipping Ltd for the m/v DSI Aquarius, generating approximately US$4.52 million in gross revenue. The charter is expected to commence on January 19, 2024, and will last until at least December 1, 2024, up to a maximum of February 1, 2025. The 'DSI Aquarius' is a 60,309 dwt Ultramax dry bulk vessel built in 2016. Diana Shipping Inc. currently operates a fleet of 40 dry bulk vessels with a combined carrying capacity of approximately 4.5 million dwt and a weighted average age of 10.57 years.
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Diana Shipping Inc. (NYSE: DSX) has extended the time charter contract with Cobelfret S.A. for its Post-Panamax dry bulk vessel, the m/v Amphitrite, at a gross charter rate of US$12,250 per day for the first 30 days and US$15,000 per day for the remaining period until January 15, 2025. The extension is expected to generate approximately US$4.46 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc. currently operates a fleet of 40 dry bulk vessels with a combined carrying capacity of approximately 4.5 million dwt and a weighted average age of 10.55 years.
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Diana Shipping Inc. (NYSE: DSX) has entered into a time charter contract with Cargill Ocean Transportation for its Ultramax dry bulk vessel, the m/v DSI Pollux, at a gross charter rate of US$14,000 per day. The charter is expected to generate approximately US$8.32 million of gross revenue for the minimum scheduled period. The company's fleet currently consists of 40 dry bulk vessels with a combined carrying capacity of approximately 4.5 million dwt.
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Diana Shipping Inc. (NYSE: DSX) releases its Environmental, Social and Governance Report for the year ended December 31, 2022, outlining its commitment to sustainability and responsible business practices.
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Diana Shipping Inc. (DSX) has entered into a time charter contract with Kawasaki Kisen Kaisha, Ltd. for the m/v New Orleans, a Capesize dry bulk vessel, at a gross charter rate of US$20,000 per day. The charter is expected to generate approximately US$12.16 million of gross revenue for the minimum scheduled period. With the sale of m/v Boston, the company's fleet will consist of 40 dry bulk vessels, totaling approximately 4.7 million dwt.
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Diana Shipping Inc. (NYSE: DSX) declares distribution of warrants to shareholders, aiming to raise new equity capital without causing dilution. The Warrants will be distributed pro-rata to Holders of the Company’s common stock. Holders will receive one Warrant for every five shares of issued and outstanding shares of common stock held as of the Record Date. Each Warrant will entitle the Holder to purchase one share of common stock plus a Bonus Share Fraction. Mrs. Semiramis Paliou, Director and Chief Executive Officer of the Company, stated that the distribution illustrates proactive management of the capital structure to uphold a robust balance sheet.
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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.
Diana Shipping Inc