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 leading provider of dry bulk maritime transportation services, specializing in global commodity shipping through its diversified fleet. This news hub offers investors and industry professionals centralized access to official corporate announcements and market-relevant updates.
Track DSX's latest time charter agreements, fleet expansion initiatives, and operational developments through verified press releases. Our curated news collection provides insights into dry bulk market trends, vessel utilization strategies, and the company's position within global maritime logistics.
Key updates include earnings reports, charter rate adjustments, environmental compliance initiatives, and strategic partnerships. The content is organized to help stakeholders monitor DSX's operational performance and understand broader industry dynamics affecting dry bulk shipping markets.
Bookmark this page for direct access to DSX's official communications and analysis of critical developments in maritime transportation. Regular updates ensure you maintain current awareness of company activities and shipping industry trends without time-sensitive speculation.
Diana Shipping Inc. (NYSE: DSX) has secured a time charter contract with Engelhart CTP Freight for its Newcastlemax dry bulk vessel, the m/v Los Angeles. The charter will generate approximately US$6.77 million in gross revenue at a rate of US$14,250 per day, effective from June 6, 2020, until a minimum of October 1, 2021. The vessel, built in 2012, adds to Diana Shipping's fleet of 41 dry bulk vessels with a combined carrying capacity of 5.1 million dwt. The company continues to focus on medium to long-term charters for transporting various dry bulk commodities.
Diana Shipping Inc. (NYSE: DSX) has signed a time charter contract with Uniper Global Commodities SE for the m/v Atalandi, an Ice Class Panamax dry bulk vessel. The contract, effective from June 9, 2020, is set for a minimum of 13 months and a maximum of 16 months at a rate of US$9,300 daily, generating approximately US$3.63 million in gross revenue. The company's fleet comprises 41 vessels with a total capacity of about 5.1 million dwt, and the Atalandi, built in 2014, adds to this robust fleet.
Diana Shipping Inc. (NYSE: DSX) has announced a time charter contract with Koch Shipping Pte. Ltd. for its Capesize dry bulk vessel, the m/v G. P. Zafirakis. The charter rate is set at US$13,200 per day, excluding a 5% third-party commission, commencing on May 31, 2020, and running until at least October 1, 2021. This agreement is expected to yield approximately US$6.34 million in gross revenue for the initial charter period. Currently, Diana Shipping operates a fleet of 41 dry bulk vessels, with a carrying capacity of 5.1 million dwt.
Diana Shipping Inc. (NYSE: DSX) has secured a time charter contract for its Post-Panamax vessel, m/v Phaidra, with Uniper Global Commodities SE. The charter, effective from May 29, 2020, guarantees a gross rate of $9,400 per day for a minimum of 11 months, projected to yield approximately $3.1 million in gross revenue. The Company operates a fleet of 41 dry bulk vessels with a total capacity of about 5.1 million dwt, averaging 9.71 years in age.
Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Glencore Agriculture B.V. for its Ice Class Panamax vessel, the m/v Crystalia. The charter, effective from May 22, 2020, has a gross rate of $8,750 per day and is set to last until September 30, 2021. The contract is expected to generate approximately $3.49 million in gross revenue during the minimum charter period. Diana Shipping's fleet, comprising 41 vessels, has a combined capacity of about 5.1 million dwt.
Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Cargill International S.A. for its Panamax dry bulk vessel, the m/v Leto. The gross charter rate is set at US$9,000 per day, minus a 4.75% commission, effective from May 21, 2020, and lasting until between July 15 and September 30, 2021. This contract is expected to generate approximately US$3.73 million in gross revenue for the minimum period. Currently, Diana Shipping operates a fleet of 41 vessels, totaling around 5.1 million dwt capacity.
Diana Shipping Inc. (DSX) announced a refinancing agreement on May 7, 2020, securing a term loan facility of US$55.848 million with Nordea Bank. This loan enables the company to extend repayment by two years to March 2022, with potential further extensions until March 2024. The company operates a fleet of 41 dry bulk vessels with a carrying capacity of approximately 5.1 million dwt and a weighted average age of 9.66 years. The vessels engage in medium to long-term charters, transporting various dry bulk commodities worldwide.
Diana Shipping Inc. (NYSE: DSX) reported a net loss of $102.8 million for Q1 2020, compared to a net income of $3.0 million in Q1 2019. The loss per share was $1.21, a significant decline from earnings per share of $0.02 last year. Time charter revenues fell to $43.8 million, down from $60.3 million in the previous year, attributed to decreased charter rates and the sale of vessels. An impairment loss of $93.1 million was also recognized this quarter, highlighting ongoing challenges in the dry bulk shipping market.
FAQ
What is the current stock price of Diana Shipping (DSX)?
What is the market cap of Diana Shipping (DSX)?
