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. operates as a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels. Its news commonly covers time charter contracts and extensions for Panamax, Kamsarmax, Post-Panamax, Capesize, Newcastlemax and Ultramax vessels, including vessel employment terms, charter counterparties and fleet composition.
Company updates also address shareholder meetings, proxy materials, governance actions, equity incentive matters and capital-structure disclosures. Diana Shipping’s operating news is tied to dry bulk transportation markets for commodities such as coal, iron ore, grains, steel products, cement and fertilizers.
Diana Shipping Inc. (NYSE: DSX) announced the delivery of the m/v DSI Polaris, a 2018-built Ultramax dry bulk vessel, increasing its fleet to 38 vessels. This delivery is part of an agreement to acquire nine Ultramax dry bulk vessels entered in August 2022. The fleet now has a combined carrying capacity of about 4.6 million dwt and a weighted average age of 10.23 years. Diana Shipping expects to receive five more Ultramax vessels in Q4 2022, emphasizing its growth strategy in the dry bulk shipping sector.
Diana Shipping Inc. (NYSE: DSX) announced three new time charter contracts for its dry bulk vessels: the m/v Amphitrite, m/v Crystalia, and m/v DSI Phoenix. The Amphitrite will generate $14,250 per day until February 2024, while the Crystalia will earn $12,500 per day up to October 2023. The DSI Phoenix has secured a rate of $13,250 per day for up to 18 months. Collectively, these charters are expected to yield approximately $15.45 million in gross revenue. Diana Shipping currently operates a fleet of 37 vessels, with a total carrying capacity of about 4.6 million dwt.
Diana Shipping Inc. (NYSE: DSX) announced the delivery of the m/v DSI Phoenix, a 2017-built Ultramax dry bulk vessel with a capacity of 60,456 dwt. This vessel is part of a larger agreement to acquire nine modern Ultramax vessels initiated in August 2022. Following this delivery, the company now operates a fleet of 37 dry bulk vessels, with a total carrying capacity of approximately 4.6 million dwt and a weighted average age of 10.29 years. Six additional Ultramax vessels are expected to join the fleet in Q4 2022.
Diana Shipping Inc. (NYSE: DSX) has secured a time charter contract for its Ultramax dry bulk vessel, m/v DSI Pollux, with Delta Corp Shipping Pte. Ltd. The charter, effective immediately, is set for a minimum of 14 months and can extend up to 16 months at a rate of US$17,000 per day, translating to approximately US$7.14 million in gross revenue for the minimum duration. Currently, Diana Shipping operates a fleet of 36 vessels and expects delivery of 7 additional Ultramax vessels later this year.
Diana Shipping Inc. (NYSE: DSX) announced the delivery of the m/v DSI Pollux, a 2015-built Ultramax dry bulk vessel, expanding its fleet to 36 vessels. This acquisition is part of an agreement to purchase nine modern Ultramax vessels, with seven more expected by Q4 2022. The fleet now boasts an approximate carrying capacity of 4.5 million dwt and an average age of 10.33 years. The company primarily employs its vessels for short to medium-term charters, transporting bulk cargo globally.
Diana Shipping Inc. (NYSE: DSX) will announce its financial results for the third quarter ending September 30, 2022, on November 17, 2022, before U.S. markets open. A conference call and webcast will be held at 9:00 A.M. ET on the same day. Investors can access the webcast via the company’s website, where an investor presentation will also be available. For those unable to attend, a replay will be accessible for 30 days through the website and by phone. Diana Shipping specializes in owning and chartering dry bulk vessels, transporting key commodities globally.
Diana Shipping Inc. (NYSE: DSX) announced the delivery of the m/v DSI Pyxis, a 2018-built Ultramax dry bulk vessel, expanding its fleet to 35 vessels. The acquisition follows an agreement to purchase nine Ultramax vessels, and the new vessel will be chartered to Cargill Ocean Transportation for a minimum of 10 months at a gross rate of $17,100 per day. This charter is expected to generate approximately $5.13 million in gross revenue. The fleet's total carrying capacity stands at around 4.4 million dwt with a weighted average age of 10.34 years.
Diana Shipping Inc. (NYSE: DSX) has secured a senior secured term loan facility of up to US$200 million from Nordea Bank, announced on October 3, 2022. This funding will facilitate the acquisition of nine ultramax dry bulk vessels, expected to be delivered in Q4 2022. Following this acquisition, the company's fleet will expand to 43 vessels, with a combined capacity of approximately 4.4 million dwt and an average age of 10.4 years.
Diana Shipping Inc. (NYSE: DSX) announced the sale and leaseback of two Capesize vessels, m/v New Orleans and m/v Santa Barbara, generating gross proceeds of US$66.4 million (US$33.2 million each). The company will bareboat charter-in these vessels for eight years, with purchase options available after three years. With the completion of this transaction, alongside the sale of m/v Baltimore and acquisition of nine new vessels, Diana Shipping's fleet will comprise 43 dry bulk vessels, totaling approximately 4.5 million dwt and a weighted average age of 10.62 years.
Diana Shipping Inc. (NYSE: DSX) entered into two sale and leaseback agreements for the Capesize dry bulk vessels m/v New Orleans and m/v Santa Barbara, secured with unaffiliated Japanese parties. These transactions, expected to close by Q3 2022, will generate gross proceeds of US$66.4 million (US$33.2 million each). The Company will charter-in the vessels for eight years, with purchase options starting in year three. Following the completion of these agreements, Diana Shipping will operate a fleet of 43 vessels, totaling approximately 4.5 million dwt with an average age of 10.55 years.