Diana Shipping Inc Stock Price, News & Analysis

Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract for its Kamsarmax vessel m/v Astarte with Propel Shipping Pte. Ltd. The contract features a gross charter rate of $12,500 per day (minus 5% commission) and will run from August 2, 2025, until minimum August 16, 2026, with potential extension to October 16, 2026.

The charter is expected to generate approximately $4.68 million in gross revenue for the minimum period. The company's fleet currently comprises 36 dry bulk vessels with a combined capacity of 4.1 million dwt and has two methanol dual fuel Kamsarmax vessels on order for delivery by 2028.

Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract for its Ultramax vessel m/v DSI Phoenix with Cargill Ocean Transportation. The contract specifies a gross charter rate of $13,500 per day, with a 4.75% third-party commission, extending from August 3, 2025, until minimum October 1, 2026.

The charter is expected to generate approximately $5.64 million in gross revenue for the minimum scheduled period. The DSI Phoenix is a 60,456 dwt vessel built in 2017. Diana Shipping's fleet currently comprises 36 dry bulk vessels with a combined capacity of 4.1 million dwt and has two methanol dual fuel Kamsarmax vessels on order for delivery by 2028.

Diana Shipping (NYSE:DSX), a global shipping company focused on dry bulk vessels, has scheduled its Q2 2025 financial results release for July 30, 2025, before U.S. markets open.

The company will host a conference call and webcast to discuss the results at 9:00 A.M. ET on July 30, 2025. Investors can access the webcast through Diana Shipping's website, while the conference call will be available via telephone for both U.S. and international callers. An investor presentation will be provided during the webcast.

Both the webcast replay and telephone replay will be available for 30 days following the event.

Diana Shipping (NYSE:DSX) has secured a time charter contract with Cargill Ocean Transportation for its Ultramax dry bulk vessel, m/v DSI Polaris. The contract specifies a gross charter rate of $12,250 (minus 4.75% third-party commission) for a period from July 1, 2025, until minimum July 21, 2026, up to maximum September 21, 2026.

The charter is expected to generate approximately $4.66 million in gross revenue for the minimum scheduled period. Following the sale of m/v Selina, Diana's fleet will comprise 36 dry bulk vessels with a combined carrying capacity of 4.1 million dwt. The company also anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2028.

Diana Shipping Inc. (NYSE: DSX) has announced the sale of its 2010-built Panamax vessel 'Selina' for US$11.8 million before commissions. The sale agreement includes delivery to an unaffiliated buyer by August 15, 2025. Following this transaction, Diana Shipping's fleet will comprise 36 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax, and 9 Ultramax vessels. The company's current fleet has a combined carrying capacity of 4.1 million dwt with an average age of 11.63 years. Additionally, Diana Shipping expects to receive two methanol dual fuel new-building Kamsarmax vessels in the second half of 2027 and first half of 2028.

Diana Shipping Inc. (NYSE: DSX) has secured a time charter contract with Stone Shipping Ltd for its Ice Class Panamax vessel m/v Atalandi. The contract features a tiered rate structure: US$9,000 per day for the first 35 days and US$10,100 per day thereafter, minus 5% commission. The charter period spans from June 9, 2025, to minimum June 15, 2026, with potential extension until August 15, 2026. The 77,529 dwt vessel, built in 2014, is expected to generate approximately US$3.62 million in gross revenue during the minimum charter period. Diana Shipping's fleet comprises 37 dry bulk vessels with a total capacity of 4.1 million dwt and an average age of 11.60 years. The company anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2028.

Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract for its Newcastlemax dry bulk vessel m/v Newport News with Bohai Ocean Shipping. The vessel will earn a gross charter rate of $25,000 per day (5% commission to third parties) from June 14, 2025, until minimum September 1, 2026. This represents a 25% rate increase from its current charter with Nippon Yusen at $20,000 per day. The Newport News, a 208,021 dwt vessel built in 2017, is expected to generate approximately $10.95 million in gross revenue during the minimum charter period. Diana Shipping's fleet comprises 37 dry bulk vessels with a total capacity of 4.1 million dwt and an average age of 11.59 years. The company also has two methanol dual fuel Kamsarmax vessels on order for delivery in 2027-2028.

Diana Shipping Inc. (NYSE: DSX), a global dry bulk vessel shipping company, held its Annual Meeting of Shareholders virtually on May 28, 2025. Shareholders approved three key proposals: (1) the election of three Class II Directors who will serve until 2028, (2) the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for fiscal year 2025, and (3) an amendment to the Company's Articles of Incorporation authorizing the Board to implement one or more reverse stock splits at a ratio not exceeding 1-for-100, with the exact ratio to be determined by the Board.

Diana Shipping Inc. (NYSE: DSX) reported its Q1 2025 financial results with a net income of $3.0 million, up from $2.1 million in Q1 2024. Net income attributed to common stockholders was $1.6 million, compared to $0.6 million in Q1 2024. Time charter revenues decreased to $54.9 million from $57.6 million year-over-year, primarily due to reduced ownership days, partially offset by higher charter rates and fleet utilization. The company declared a quarterly cash dividend of $0.01 per share, payable on June 24, 2025, to shareholders of record as of June 17, 2025. The fleet consists of 37 vessels, with an average age of 11.4 years, achieving a strong fleet utilization rate of 99.6%. The Time Charter Equivalent (TCE) rate improved to $15,739 from $15,051 in the previous year.