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 global shipping company in the deep sea freight transportation industry, specializing in the ownership and bareboat charter-in of dry bulk vessels. Its vessels are employed primarily on short to medium-term time charters and transport dry bulk cargoes such as iron ore, coal, grain and other materials along worldwide shipping routes. This news page focuses on company announcements and regulatory disclosures that relate to these activities.
Visitors to this DSX news section can review press releases on new and renewed time charter contracts for specific vessels across Diana Shipping’s Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax and Ultramax fleet. The company regularly reports charter rates, charter durations, counterparties and anticipated gross revenues for these contracts, providing insight into fleet employment and utilization.
The news feed also includes fleet and asset updates, such as Memoranda of Agreement for vessel sales and changes to previously announced sale transactions. In addition, Diana Shipping publishes financial results for defined reporting periods, including time charter revenues, net income, fleet data and non-GAAP metrics such as time charter equivalent (TCE) rates and daily vessel operating expenses.
Another category of DSX news involves corporate and strategic developments, for example proposals to acquire remaining shares of another dry bulk shipping company and related communications, as well as announcements about officer resignations and appointments approved by the Board of Directors. Investors and analysts who follow the dry bulk shipping market can use this page to monitor Diana Shipping’s chartering activity, fleet composition, financial performance communications and corporate actions over time.
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.
Diana Shipping (NYSE: DSX) has finalized a sale and leaseback deal for the 2016-built Ultramax dry bulk vessel, m/v DSI Andromeda, generating gross proceeds of US$29.85 million. The company will bareboat charter-in the vessel for ten years at US$8,950 per day, with purchase options starting after three years. Currently, Diana Shipping's fleet consists of 41 vessels with a combined carrying capacity of approximately 4.8 million dwt and a weighted average age of 10.23 years.
Diana Shipping Inc. (NYSE: DSX) has secured a time charter with Cargill International S.A. for its Panamax dry bulk vessel, the m/v Maera. The contract, which commenced recently, will last from now until a minimum of October 28, 2023, up to a maximum of December 28, 2023. The gross charter rate is set at US$12,000 per day, generating an estimated US$3.74 million in gross revenue for the minimum duration. Diana Shipping's fleet encompasses 41 vessels, with an expected delivery of 2 additional Ultramax vessels in Q4 2022, bringing the total carrying capacity to approximately 4.8 million dwt.