Diana Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2025; Declares Cash Dividend of $0.01 Per Common Share for the First Quarter 2025
- Net income increased 45.6% YoY to $3.0 million in Q1 2025
- Net income for common stockholders grew 152% YoY to $1.6 million
- Fleet utilization improved to 99.6% from 99.1% YoY
- TCE rate increased to $15,739 from $15,051 YoY
- Time charter revenues decreased 4.7% YoY to $54.9 million
- Average number of vessels decreased to 37.8 from 39.7 YoY
- Daily vessel operating expenses increased to $5,866 from $5,775 YoY
- Fleet average age increased to 11.4 years from 10.7 years YoY
Insights
Diana Shipping reported modest growth in Q1 2025 with net income up 45.6% to $3.0M despite revenue decline and fleet reduction.
Diana Shipping Inc. (NYSE: DSX) posted net income of $3.0 million for Q1 2025, representing a 45.6% increase from $2.1 million in Q1 2024. Net income attributed to common stockholders more than doubled to $1.6 million from $0.6 million year-over-year. The company maintained stable earnings per share at $0.01, unchanged from the same period last year.
Despite these profitability improvements, time charter revenues decreased to $54.9 million, down 4.7% from $57.6 million in Q1 2024. This revenue decline stemmed from reduced fleet size, with the average number of vessels decreasing to 37.8 from 39.7 vessels in the prior year period, resulting in 5.9% fewer ownership days (3,401 vs. 3,613).
The company partially offset this revenue decline through operational improvements. The Time Charter Equivalent (TCE) rate increased by 4.6% to $15,739 from $15,051, indicating better charter rates. Additionally, fleet utilization improved to 99.6% from 99.1%, demonstrating more efficient vessel deployment. The company also achieved cost reductions with voyage expenses down 9.7% to $2.95 million and vessel operating expenses declining 4.4% to $19.95 million.
Management declared a modest quarterly dividend of $0.01 per common share, consistent with previous periods, payable on June 24, 2025, to shareholders of record as of June 17, 2025. The company's current fleet consists of 38 dry bulk vessels across various size categories including Ultramax, Panamax, Kamsarmax, Post-Panamax, Capesize, and Newcastlemax carriers.
The company's strategy appears focused on optimizing fleet operations and improving profitability metrics rather than expanding fleet size, with strong charter coverage extending into 2025-2027 for many vessels.
ATHENS, Greece, May 29, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of
Time charter revenues were
Dividend Declaration
The Company has declared a cash dividend on its common stock of
| Fleet Employment (As of May 27, 2025) | ||||||||||
| VESSEL | SISTER SHIPS* | GROSS RATE (USD PER DAY) | COM** | CHARTERERS | DELIVERY DATE TO CHARTERERS*** | REDELIVERY DATE TO OWNERS**** | NOTES | |||
| BUILT DWT | ||||||||||
| 9 Ultramax Bulk Carriers | ||||||||||
| 1 | DSI Phoenix | A | 16,500 | 5.00 | % | Bulk Trading SA | 6-May-24 | 1/Aug/2025 - 30/Sep/2025 | ||
| 2017 60,456 | ||||||||||
| 2 | DSI Pollux | A | 14,000 | 4.75 | % | Cargill Ocean Transportation (Singapore) Pte. Ltd. | 28-Dec-23 | 20/Aug/2025 - 20/Oct/2025 | ||
| 2015 60,446 | ||||||||||
| 3 | DSI Pyxis | A | 13,100 | 5.00 | % | Stone Shipping Ltd | 8-Nov-24 | 20/Feb/2026 - 20/Apr/2026 | ||
| 2018 60,362 | ||||||||||
| 4 | DSI Polaris | A | 15,400 | 5.00 | % | Stone Shipping Ltd | 20-Jul-24 | 1/Jun/2025 - 15/Aug/2025 | ||
| 2018 60,404 | ||||||||||
| 5 | DSI Pegasus | A | 15,250 | 4.75 | % | Cargill Ocean Transportation (Singapore) Pte. Ltd | 5-Sep-24 | 1/Jun/2025 - 1/Aug/2025 | ||
| 2015 60,508 | ||||||||||
| 6 | DSI Aquarius | B | 13,300 | 5.00 | % | Bunge SA, Geneva | 6-Dec-24 | 6/Oct/2025 - 21/Dec/2025 | ||
| 2016 60,309 | ||||||||||
| 7 | DSI Aquila | B | 12,500 | 5.00 | % | Western Bulk Carriers AS | 11-Nov-23 | 21-Jan-25 | ||
| 2015 60,309 | 12,250 | 5.00 | % | 21-Jan-25 | 23/Jun/2025 - 8/Aug/2025 | 1 | ||||
| 8 | DSI Altair | B | 15,750 | 5.00 | % | Propel Shipping Pte. Ltd. | 28-Sep-24 | 1/Nov/2025 - 31/Dec/2025 | ||
| 2016 60,309 | ||||||||||
| 9 | DSI Andromeda | B | 13,500 | 5.00 | % | Bunge SA, Geneva | 27-Nov-23 | 28-Mar-25 | 2 | |
| 2016 60,309 | 14,000 | 4.75 | % | Cargill Ocean Transportation (Singapore) Pte. Ltd | 28-Mar-25 | 15/Nov/2025-15/Jan/2026 | ||||
| 6 Panamax Bulk Carriers | ||||||||||
| 10 | LETO | 16,000 | 5.00 | % | ASL Bulk Shipping Limited | 3-May-24 | 9-Mar-25 | 3 | ||
| 2010 81,297 | 12,275 | 4.75 | % | Cargill International SA, Geneva | 4-Apr-25 | 16/Jul/2026 - 16/Sep/2026 | ||||
| 11 | SELINA | C | 10,500 | 5.00 | % | Raffles Shipping International Pte. Ltd. | 17-Oct-24 | 14-Apr-25 | 4 | |
| 2010 75,700 | 6,500 | 5.00 | % | Reachy Shipping (SGP) Pte. Ltd. | 13-May-25 | 9-Jul-25 | 5 | |||
| 12 | MAERA | C | 8,400 | 5.00 | % | China Resource Chartering Limited | 15-Dec-24 | 20/Sep/2025-20/Nov/2025 | ||
| 2013 75,403 | ||||||||||
| 13 | ISMENE | 12,650 | 5.00 | % | Paralos Shipping Pte., Ltd. | 13-Sep-23 | 24-Apr-25 | |||
| 2013 77,901 | 11,000 | 5.00 | % | China Resource Chartering Pte. Ltd. | 24-Apr-25 | 20/Mar/2026 - 20/May/2026 | ||||
| 14 | CRYSTALIA | D | 13,900 | 5.00 | % | Louis Dreyfus Company Freight Asia Pte. Ltd. | 4-May-24 | 4/Feb/2026 - 4/Jun/2026 | ||
| 2014 77,525 | ||||||||||
| 15 | ATALANDI | D | 14,600 | 4.75 | % | Cargill International SA, Geneva | 20-Jul-24 | 10-Jun-25 | 6 | |
| 2014 77,529 | ||||||||||
| 6 Kamsarmax Bulk Carriers | ||||||||||
| 16 | MAIA | E | 11,600 | 5.00 | % | Paralos Shipping Pte. Ltd. | 9-Dec-24 | 1/Nov/2025 - 31/Dec/2025 | ||
| 2009 82,193 | ||||||||||
| 17 | MYRSINI | E | 17,100 | 5.00 | % | Cobelfret S.A. Luxembourg | 25-Jun-24 | 9-Feb-25 | 7 | |
| 2010 82,117 | 13,000 | 4.75 | % | Cargill International SA, Geneva | 26-Feb-25 | 1/Jan/2026 - 28/Feb/2026 | ||||
| 18 | MEDUSA | E | 14,250 | 5.00 | % | ASL Bulk Shipping Limited | 14-May-23 | 21-Feb-25 | 8 | |
| 2010 82,194 | 13,000 | 4.75 | % | Cargill International SA, Geneva | 16-Mar-25 | 15/May/2026 - 15/Jul/2026 | ||||
| 19 | MYRTO | E | 12,000 | 5.00 | % | Nippon Yusen Kabushiki Kaisha, Tokyo | 23-Dec-24 | 1/Mar/2026 - 15/May/2026 | ||
| 2013 82,131 | ||||||||||
| 20 | ASTARTE | 14,000 | 5.00 | % | Paralos Shipping Pte. Ltd. | 19-Aug-24 | 15/Jul/2025 - 15/Sep/2025 | |||
| 2013 81,513 | ||||||||||
| 21 | LEONIDAS P. C. | 17,000 | 5.00 | % | Ming Wah International Shipping Company Limited | 22-Feb-24 | 20/Aug/2025 - 20/Oct/2025 | |||
| 2011 82,165 | ||||||||||
| 5 Post-Panamax Bulk Carriers | ||||||||||
| 22 | ALCMENE | 6,000 | 5.00 | % | Lestari Shipping Pte Ltd | 28-Dec-24 | 16-Jan-25 | |||
| 2010 93,193 | 2,000 | 5.00 | % | Pan Ocean Co., Ltd. | 16-Jan-25 | 8-Mar-25 | 9 | |||
| 23 | AMPHITRITE | F | 15,000 | 5.00 | % | Cobelfret S.A., Luxembourg | 13-Jan-24 | 8-Jan-25 | 10 | |
| 2012 98,697 | 12,100 | 5.00 | % | 8-Jan-25 | 1/Jan/2026 - 15/Mar/2026 | 11 | ||||
| 24 | POLYMNIA | F | 17,500 | 5.00 | % | Reachy Shipping (SGP) Pte. Ltd. | 8-Jun-24 | 1/Aug/2025 - 30/Sept/2025 | ||
| 2012 98,704 | ||||||||||
| 25 | ELECTRA | G | 14,000 | 4.75 | % | Aquavita International S.A. | 3-Jun-24 | 15/Oct/2025 - 31/Dec/2025 | ||
| 2013 87,150 | ||||||||||
| 26 | PHAIDRA | G | 12,000 | 4.75 | % | Aquavita International S.A. | 12-Oct-24 | 31-May-25 | 12 | |
| 2013 87,146 | 9,750 | 5.00 | % | SwissMarine Pte. Ltd., Singapore | 31-May-25 | 1/Jan/2026 - 28/Feb/2026 | 13 | |||
| 8 Capesize Bulk Carriers | ||||||||||
| 27 | SEMIRIO | H | 14,150 | 5.00 | % | Solebay Shipping Cape Company Limited, Hong Kong | 18-Aug-23 | 11-Feb-25 | ||
| 2007 174,261 | 16,650 | 5.00 | % | 11-Feb-25 | 15/Feb/2026 - 15/Apr/2026 | |||||
| 28 | NEW YORK | H | 16,000 | 5.00 | % | STX Green Logis Ltd | 30-Nov-24 | 11-Jan-25 | ||
| 2010 177,773 | 17,600 | 5.00 | % | SwissMarine Pte. Ltd., Singapore | 11-Jan-25 | 15/Jan/2026 - 30/Mar/2026 | 14,15 | |||
| 29 | SEATTLE | I | 17,500 | 5.00 | % | Solebay Shipping Cape Company Limited, Hong Kong | 1-Oct-23 | 15/Jul/2025 - 30/Sep/2025 | ||
| 2011 179,362 | ||||||||||
| 30 | P. S. PALIOS | I | 27,150 | 5.00 | % | Bohai Shipping (HEBEI) Co., Ltd | 7-May-24 | 1/Nov/2025 - 31/Dec/2025 | ||
| 2013 179,134 | ||||||||||
| 31 | G. P. ZAFIRAKIS | J | 26,800 | 5.00 | % | Nippon Yusen Kabushiki Kaisha, Tokyo | 16-Sep-24 | 16/Aug/2026 - 16/Nov/2026 | ||
| 2014 179,492 | ||||||||||
| 32 | SANTA BARBARA | J | 22,000 | 5.00 | % | Mitsui O.S.K. Lines, Ltd. | 27-Dec-24 | 20/Oct/2025 - 20/Dec/2025 | 16 | |
| 2015 179,426 | ||||||||||
| 33 | NEW ORLEANS | 20,000 | 5.00 | % | Kawasaki Kisen Kaisha, Ltd. | 7-Dec-23 | 15/Aug/2025 - 31/Oct/2025 | 16,17 | ||
| 2015 180,960 | ||||||||||
| 34 | FLORIDA | 25,900 | 5.00 | % | Bunge S.A., Geneva | 29-Mar-22 | 29/Jan/2027 - 29/May/2027 | 2 | ||
| 2022 182,063 | ||||||||||
| 4 Newcastlemax Bulk Carriers | ||||||||||
| 35 | LOS ANGELES | K | 28,700 | 5.00 | % | Nippon Yusen Kabushiki Kaisha, Tokyo | 20-Jul-24 | 1/Oct/2025 - 15/Dec/2025 | ||
| 2012 206,104 | ||||||||||
| 36 | PHILADELPHIA | K | 22,500 | 5.00 | % | Nippon Yusen Kabushiki Kaisha, Tokyo | 4-Feb-24 | 29-May-25 | 12 | |
| 2012 206,040 | 21,500 | 5.00 | % | Refined Success Limited | 29-May-25 | 9/Jun/2026 - 8/Aug/2026 | 13 | |||
| 37 | SAN FRANCISCO | L | 22,000 | 5.00 | % | SwissMarine Pte. Ltd., Singapore | 18-Feb-23 | 1-Mar-25 | ||
| 2017 208,006 | 26,000 | 5.00 | % | 1-Mar-25 | 25/Oct/2026 - 25/Dec/2026 | |||||
| 38 | NEWPORT NEWS | L | 20,000 | 5.00 | % | Nippon Yusen Kabushiki Kaisha, Tokyo | 20-Sep-23 | 8-Jun-25 | 6 | |
| 2017 208,021 | ||||||||||
| * Each dry bulk carrier is a “sister ship”, or closely similar, to other dry bulk carriers that have the same letter. | ||||||||||
| ** Total commission percentage paid to third parties. | ||||||||||
| *** In case of newly acquired vessel with time charter attached, this date refers to the expected/actual date of delivery of the vessel to the Company. | ||||||||||
| **** Range of redelivery dates, with the actual date of redelivery being at the Charterers’ option, but subject to the terms, conditions, and exceptions of the particular charterparty. | ||||||||||
| 1Charterers will compensate the Owners at a rate of | ||||||||||
| 2Bareboat chartered-in for a period of ten years. | ||||||||||
| 3Vessel on scheduled drydocking from March 9, 2025 until April 4, 2025. | ||||||||||
| 4Currently without an active charterparty. Vessel on scheduled drydocking. | ||||||||||
| 5Redelivery date based on an estimated time charter trip duration of about 55 days. | ||||||||||
| 6Based on latest information. | ||||||||||
| 7Vessel on scheduled drydocking from February 9, 2025 until February 26, 2025. | ||||||||||
| 8Vessel on scheduled drydocking from February 21, 2025 until March 16, 2025. | ||||||||||
| 9Vessel has been sold and it is delivered to her new Owners on March 13, 2025. | ||||||||||
| 10The charter rate was US | ||||||||||
| 11The charter rate will be US | ||||||||||
| 12Estimated redelivery date from the Charterers. | ||||||||||
| 13Estimated delivery date to the Charterers. | ||||||||||
| 14The charter rate was US | ||||||||||
| 15Vessel off hire for drydocking from February 23, 2025 until April 7, 2025. | ||||||||||
| 16Bareboat chartered-in for a period of eight years. | ||||||||||
| 17Vessel off-hire for about 11.45 days. | ||||||||||
| Summary of Selected Financial & Other Data (unaudited) | ||||||
| Three months ended March 31, | ||||||
| 2025 | 2024 | |||||
| STATEMENT OF INCOME DATA (in thousands of US Dollars) | ||||||
| Time charter revenues | $ | 54,937 | $ | 57,648 | ||
| Voyage expenses | 2,950 | 3,268 | ||||
| Vessel operating expenses | 19,950 | 20,864 | ||||
| Net income | 2,997 | 2,058 | ||||
| Net income attributable to common stockholders | 1,555 | 616 | ||||
| FLEET DATA | ||||||
| Average number of vessels | 37.8 | 39.7 | ||||
| Number of vessels | 37.0 | 39.0 | ||||
| Weighted average age of vessels | 11.4 | 10.7 | ||||
| Ownership days | 3,401 | 3,613 | ||||
| Available days | 3,303 | 3,613 | ||||
| Operating days | 3,289 | 3,582 | ||||
| Fleet utilization | 99.6 | % | 99.1 | % | ||
| AVERAGE DAILY RESULTS | ||||||
| Time charter equivalent (TCE) rate (1) | $ | 15,739 | $ | 15,051 | ||
| Daily vessel operating expenses (2) | $ | 5,866 | $ | 5,775 | ||
Non-GAAP Measures
(1) Time charter equivalent rate, or TCE, is defined as our time charter revenues less voyage expenses during a period divided by the number of our available days during the period. Our method of computing TCE rate may not necessarily be comparable to TCE rates of other companies due to differences in methods of calculation. TCE is a non-GAAP measure, and management believes it is useful to investors because it is a standard shipping industry performance measure used primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day amounts while charter hire rates for vessels on time charters are generally expressed in such amounts. TCE is used by management to assess and compare the vessels’ profitability.
(2) Daily vessel operating expenses, which include crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the costs of spares and consumable stores, tonnage taxes and other miscellaneous expenses, are calculated by dividing vessel operating expenses by ownership days for the relevant period
Conference Call and Webcast Information
The Company’s management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. (Eastern Time) on Thursday, May 29, 2025.
Investors may access the webcast by visiting the Company’s website at www.dianashippinginc.com and clicking on the webcast link. An accompanying investor presentation also will be available via the webcast link and on the Company’s website. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for international callers) and asking the operator for the Diana Shipping Inc. conference call.
A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on www.dianashippinginc.com. A telephone replay also will be available for 30 days by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers) and providing the Replay ID number 13753904.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
Cautionary Statement Regarding Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.
The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, tariff policies and other trade restrictions, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
| (See financial tables attached) |
| DIANA SHIPPING INC. | |||||||
| FINANCIAL TABLES | |||||||
| Expressed in thousands of U.S. Dollars, except share and per share data | |||||||
| UNAUDITED CONSOLIDATED STATEMENTS OF INCOME | |||||||
| Three months ended March 31, | |||||||
| 2025 | 2024 | ||||||
| REVENUES: | |||||||
| Time charter revenues | $ | 54,937 | $ | 57,648 | |||
| OPERATING EXPENSES | |||||||
| Voyage expenses | 2,950 | 3,268 | |||||
| Vessel operating expenses | 19,950 | 20,864 | |||||
| Depreciation and amortization of deferred charges | 11,243 | 11,102 | |||||
| General and administrative expenses | 8,190 | 8,533 | |||||
| Management fees to a related party | 333 | 333 | |||||
| Gain on sale of vessels | (1,496 | ) | (1,572 | ) | |||
| Other operating (income)/loss | 160 | (285 | ) | ||||
| Operating income, total | $ | 13,607 | $ | 15,405 | |||
| OTHER INCOME/(EXPENSE) | |||||||
| Interest expense and finance costs | (11,078 | ) | (12,056 | ) | |||
| Interest and other income | 1,863 | 1,736 | |||||
| Gain/(loss) on derivative instruments | (160 | ) | 338 | ||||
| Gain/(loss) on investments | (1,058 | ) | 1,716 | ||||
| Gain/ (loss) on warrants | 41 | (4,684 | ) | ||||
| Loss from equity method investments | (218 | ) | (397 | ) | |||
| Total other expenses, net | $ | (10,610 | ) | $ | (13,347 | ) | |
| Net income | $ | 2,997 | $ | 2,058 | |||
| Dividends on series B preferred shares | (1,442 | ) | (1,442 | ) | |||
| Net income attributable to common stockholders | 1,555 | 616 | |||||
| Earnings per common share, basic | $ | 0.01 | $ | 0.01 | |||
| Earnings per common share, diluted | $ | 0.01 | $ | 0.01 | |||
| Weighted average number of common shares outstanding, basic | 109,520,824 | 110,330,456 | |||||
| Weighted average number of common shares outstanding, diluted | 109,520,824 | 111,378,871 | |||||
| CONDENSED CONSOLIDATED BALANCE SHEET DATA | ||||||||
| (in thousands of U.S. Dollars) | ||||||||
| March 31, 2025 | December 31, 2024* | |||||||
| ASSETS | (unaudited) | |||||||
| Cash, cash equivalents, restricted cash and time deposits | $ | 187,653** | $ | 207,166** | ||||
| Other current assets | 18,914 | 18,443 | ||||||
| Fixed assets | 861,924 | 880,145 | ||||||
| Investments in related parties and equity method investments | 53,998 | 47,240 | ||||||
| Other noncurrent assets | 21,158 | 18,024 | ||||||
| Total assets | $ | 1,143,647 | $ | 1,171,018 | ||||
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||||||||
| Long-term debt and finance liabilities, net of deferred financing costs | $ | 623,895 | $ | 637,525 | ||||
| Other liabilities | 34,940 | 28,436 | ||||||
| Total stockholders' equity | 484,812 | 505,057 | ||||||
| Total liabilities and stockholders' equity | $ | 1,143,647 | $ | 1,171,018 | ||||
| * | The balance sheet data has been derived from the audited consolidated financial statements at that date. | |||||||
| ** | Includes time deposits of | |||||||
| OTHER FINANCIAL DATA (unaudited) | |||||||
| Three months ended March 31, | |||||||
| 2025 | 2024 | ||||||
| Net cash provided by operating activities | $ | 17,212 | $ | 37,965 | |||
| Net cash provided by/(used in) investing activities | 10,544 | (21,049 | ) | ||||
| Net cash used in financing activities | $ | (39,769 | ) | $ | (16,534 | ) | |
Corporate Contact:
Ioannis Zafirakis
Director, Co-Chief Financial Officer, Chief Strategy Officer, Treasurer
and Secretary
Telephone: + 30-210-9470100
Email:izafirakis@dianashippinginc.com
Website:www.dianashippinginc.com
X:@Dianaship
Investor Relations/Media Contact:
Nicolas Bornozis / Daniela Guerrero
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, N.Y. 10169
Tel.: (212) 661-7566
Email:diana@capitallink.com
FAQ
What were Diana Shipping's (DSX) earnings per share in Q1 2025?
What is the dividend amount and payment date for DSX stock in Q1 2025?
How many vessels does Diana Shipping (DSX) currently operate?
What was Diana Shipping's (DSX) fleet utilization rate in Q1 2025?
What was DSX's time charter revenue in Q1 2025 compared to Q1 2024?
