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), a global shipping company specializing in dry bulk vessels, announced the delivery of the m/v Leonidas P. C., a Kamsarmax vessel. The company has chartered the ship to Cargill International S.A. at a daily rate of $24,500 starting February 18, 2022. Additionally, Diana Shipping entered a time charter with Solebay Shipping for the m/v Seattle at $26,500 per day, commencing February 23, 2022. These employments are expected to generate approximately $24.41 million in gross revenue during the minimum charter period. The fleet now consists of 34 dry bulk vessels.
Diana Shipping Inc. (NYSE: DSX) announced new time charter contracts for its vessels, the m/v Aliki and Kamsarmax vessel, Leonidas P. C. The m/v Aliki will earn a gross charter rate of US$24,500 per day starting February 19, 2022, while the Leonidas P. C. will also secure US$24,500 per day post-delivery. The contracts are expected to generate approximately US$17.49 million in gross revenue during their minimum charter periods. Diana Shipping's current fleet, excluding two new vessels, consists of 33 dry bulk vessels with a total carrying capacity of 4.3 million dwt.
Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Koch Shipping Pte. Ltd. for its Newcastlemax dry bulk vessel, the m/v Los Angeles. The gross charter rate is US$26,250 per day, effective retroactively from January 30, 2022. The contract spans from January 15, 2023 to March 15, 2023, potentially generating about US$9.06 million in gross revenue. The company currently operates a fleet of 33 dry bulk vessels and is set to receive two additional vessels by the end of Q1 2022.
Diana Shipping Inc. (NYSE: DSX) has announced that its financial results for the fourth quarter and the year ended December 31, 2021, will be released on February 25, 2022, prior to the market opening. Management will hold a conference call at 9:00 A.M. ET to discuss these results, which can be accessed via their website or by phone. Investors can also view an accompanying presentation during the call. Diana Shipping specializes in the ownership of dry bulk vessels, primarily engaged in short to medium-term charters, transporting commodities such as iron ore, coal, and grain.
Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Tongli Shipping Pte. Ltd. for its Kamsarmax vessel, the m/v Astarte. The contract guarantees a gross charter rate of $21,500 per day, generating approximately $9.35 million in gross revenue for the minimum period until mid-June 2023. The charter is set to commence on January 31, 2022. Currently, Diana Shipping owns 33 vessels, with a combined carrying capacity of approximately 4.3 million dwt and an average vessel age of 10.43 years. The Company expects to take delivery of two additional vessels in early 2022.
Diana Shipping Inc. (NYSE: DSX) has extended the time charter for its Post-Panamax vessel, the m/v Polymnia, to CLdN Cobelfret SA at a gross charter rate of US$24,750 per day. This new contract, effective from February 2, 2022, runs until a minimum of January 15, 2023, up to a maximum of March 15, 2023. The expected gross revenue from this charter is approximately US$8.49 million. Diana Shipping's fleet comprises 33 vessels, with plans to add two more by the end of Q1 2022. The current fleet has a total carrying capacity of approximately 4.3 million dwt.
Diana Shipping Inc. (NYSE: DSX) announced the final results of its tender offer to repurchase up to 3,529,411 shares at $4.25 per share, expiring December 21, 2021. The tender was oversubscribed, with 10,160,243 shares tendered, leading to a prorated purchase totaling approximately $15 million. As a global provider of dry bulk shipping services, Diana Shipping's vessels transport various commodities worldwide, primarily on short to medium-term charters.
Diana Shipping Inc. (NYSE: DSX) announced the preliminary results of its tender offer to purchase up to 3,529,411 shares at $4.25 per share. The offer expired on December 21, 2021, and was oversubscribed with a total of 9,366,263 shares tendered. Shareholders will receive prorated payouts for tendered shares, totaling approximately $15 million. Final results and proration factors will be confirmed by Computershare Trust Company. Payment for accepted shares will be made promptly following confirmation.
Diana Shipping Inc. (NYSE: DSX) has announced a time charter contract with Koch Shipping Pte. Ltd. for its Newcastlemax vessel, the m/v Newport News, starting December 16, 2021. The gross charter rate is set at US$28,000 per day, compared to the previous rate of US$18,400 per day. This contract is expected to generate approximately US$15.57 million in gross revenue for the minimum term until July 1, 2023. The company's fleet currently consists of 33 dry bulk vessels with a combined carrying capacity of around 4.3 million dwt.
Diana Shipping Inc. (NYSE: DSX) has announced the acquisition of a new Capesize dry bulk vessel for $60.16 million, expected delivery by Q1 2022. This vessel, with a capacity of approximately 181,500 dwt, will enhance the company's fleet of 33 dry bulk vessels, which totals about 4.3 million dwt with an average age of 10.27 years. The firm operates primarily through medium to long-term charters, transporting commodities like iron ore and coal globally.