Diana Shipping, Inc. - DSX STOCK NEWS

Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with SwissMarine Pte. Ltd. for its Newcastlemax dry bulk vessel, the m/v San Francisco. The gross charter rate is set at US$22,000 per day, with a duration from February 19, 2023, until between January 5 and March 5, 2025. This contract is expected to generate approximately US$14.89 million in gross revenue over the minimum period. Diana Shipping’s fleet comprises 41 dry bulk vessels, with a total capacity of 4.7 million dwt and an average vessel age of 9.85 years.

Diana Shipping Inc. (NYSE: DSX), a global shipping company, will release its financial results for Q4 and the year ending December 31, 2022, before the U.S. markets open on February 22, 2023. A conference call and webcast will follow at 9:00 A.M. ET on the same day to discuss these results. Investors can access the webcast through the company’s website, where an investor presentation will also be available. A replay will be accessible for 30 days post-call. Diana Shipping specializes in the ownership and charter-in of dry bulk vessels, primarily transporting essential commodities along global shipping routes.

On February 1, 2023, Diana Shipping Inc. (NYSE: DSX) announced it has sold the m/v Melia, a 2005-built Panamax dry bulk vessel, to OceanPal Inc. for US$14 million. An initial payment of US$4 million was made at the agreement's signing, with the remainder to be paid in shares of OceanPal’s Series D Preferred Stock upon delivery, expected by the end of February. The sale follows an exercised right of first refusal based on a November 2021 agreement. Post-sale, Diana Shipping's fleet will consist of 41 vessels with a total capacity of approximately 4.9 million dwt and a weighted average age of 10.27 years.

Diana Shipping Inc. (NYSE: DSX) has taken delivery of the m/v DSI Aquarius, a 2016-built Ultramax dry bulk vessel, as part of an agreement to purchase nine vessels made in August 2022. The vessel will be chartered to Engelhart CTP Freight (Switzerland) SA at a gross rate of US$14,200 per day, expected to generate approximately US$4.81 million in gross revenue for the minimum charter period lasting until March 2024. Following the delivery, Diana Shipping's fleet will comprise 42 vessels with a carrying capacity of about 4.9 million dwt and an average age of 10.25 years.

Diana Shipping Inc. (NYSE: DSX) announced two significant time charter agreements for its dry bulk vessels. The m/v Atalandi's contract with Aquavita International S.A. will generate a gross charter rate of US$13,250 per day until May 5, 2024, while the m/v Leto will have a contract with Cargill International S.A. at US$14,500 per day until April 30, 2024. These agreements are expected to yield approximately US$10.68 million in gross revenue for the minimum duration. Following the sale of the m/v Aliki, Diana Shipping's fleet will consist of 42 vessels with a combined carrying capacity of 4.9 million dwt.

Diana Shipping Inc. (NYSE: DSX) announced the sale of its 2005-built vessel, Aliki, for US$15.08 million before commissions. The delivery is scheduled by February 28, 2023, to an unaffiliated third party. After this transaction, the fleet will comprise 42 dry bulk vessels, including 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax, and 9 Ultramax vessels. The total carrying capacity, excluding the incoming Ultramax vessel, is approximately 4.9 million dwt. The company provides shipping services for various dry bulk commodities globally.

Diana Shipping Inc. (NYSE: DSX) announced the extension of a time charter with CLdN Cobelfret SA for its Post-Panamax dry bulk vessel, m/v Polymnia, at a gross rate of US$10,000 daily for the first 30 days and US$15,000 thereafter, effective January 14, 2023, until at least April 1, 2024. Additionally, a new time charter was signed with Nippon Yusen Kabushiki Kaisha for the Newcastlemax vessel, m/v Los Angeles, at a rate of US$17,700 daily, starting January 15, 2023, lasting until at least May 20, 2024. These contracts are expected to generate gross revenues of approximately US$15.02 million during their minimum periods.

Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Solebay Shipping for the Capesize dry bulk vessel, m/v G. P. Zafirakis. The contract, effective January 10, 2023, features a gross charter rate of US$17,000 per day, resulting in an estimated US$8.76 million in gross revenue for the charter duration, which extends until June 15, 2024, with a possible extension to August 15, 2024. The vessel, built in 2014, adds to Diana's fleet of 42 vessels with a total carrying capacity of 4.9 million dwt.

Diana Shipping Inc. (NYSE: DSX) has taken delivery of the m/v DSI Altair, a 2016-built Ultramax dry bulk vessel, expanding its fleet to 42 vessels. The company signed a time charter contract with Western Bulk Pte. Ltd. for DSI Altair at a gross rate of US$14,400 per day, starting December 29, 2022. Additionally, it entered a charter with ST Shipping for the m/v Ismene at US$14,000 per day, beginning December 31, 2022. These charters are projected to generate approximately US$5.77 million in gross revenue for the minimum duration.