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 a time charter contract with Olam International Limited for its Capesize vessel, the m/v Baltimore, at a gross rate of US$56,000 per day, starting retroactively from September 28, 2021. This contract is anticipated to generate approximately US$5.04 million in gross revenue over the 90-day duration. Currently, Diana Shipping operates a fleet of 36 dry bulk vessels with a combined carrying capacity of about 4.6 million dwt. The company also expects the delivery of a new Kamsarmax vessel by February 2022.
Diana Shipping Inc. (NYSE: DSX) announced two time charter contracts for its Panamax dry bulk vessels, Atalandi and Leto, with Aquavita International S.A. The contracts will provide gross charter rates of US$24,500 and US$25,500 per day, respectively, for periods extending until February to April 2023. The charters are set to commence on October 2 and 3, 2021. The anticipated revenue from these charters is approximately US$24.27 million. Diana Shipping currently operates a fleet of 36 vessels with a combined capacity of 4.6 million dwt.
Diana Shipping Inc. (NYSE: DSX) has announced a new time charter for its Panamax dry bulk vessel, the m/v Maera, with ASL Bulk Shipping HK Limited. The charter, commencing September 18, 2021, is at a gross rate of $26,000 per day, generating approximately $9.70 million in revenue for a minimum period until October 1, 2022. This contract replaces a previous charter with Ausca Shipping Limited at a significantly lower rate of $8,600 per day. The company’s fleet currently comprises 36 vessels, with a combined carrying capacity of around 4.6 million dwt.
On September 13, 2021, Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with BG Shipping Co., Limited for the m/v Amphitrite, a Post-Panamax dry bulk vessel. The gross charter rate is set at $27,000 per day, with an expected revenue of around $10.58 million for the minimum charter period until December 15, 2022. Currently, Diana Shipping operates 36 vessels, with a total capacity of approximately 4.6 million dwt and an average fleet age of 10.49 years. This contract strengthens the company's position in the dry bulk shipping market.
Diana Shipping Inc. (NYSE: DSX) has entered a time charter contract for its Kamsarmax dry bulk vessel, the m/v Myrto, with Solebay Shipping Transocean Company Limited. The charter is set at a gross rate of US$28,500 per day, excluding a 5% commission, lasting from September 2021 until between August 15 and October 15, 2022. This contract is expected to generate approximately US$9.55 million in gross revenue during the minimum period. Diana Shipping's fleet comprises 36 vessels, with a total carrying capacity of about 4.6 million dwt.
Diana Shipping Inc. (NYSE: DSX) announced a time charter contract with Koch Shipping Pte., Ltd for its Capesize vessel, the m/v Houston. The charter commenced on August 30, 2021, at a gross rate of US$27,000 per day, expected to generate approximately US$8.51 million in gross revenue for the minimum contract period until July 15, 2022. The vessel, built in 2009, is part of a fleet of 36 dry bulk vessels with a combined capacity of 4.6 million dwt.
Diana Shipping Inc. (NYSE: DSX) has secured a time charter contract with Uniper Global Commodities SE for its Ice Class Panamax vessel, m/v Crystalia, at a gross charter rate of $26,100 per day. The charter will last from September 19, 2021, to between October 1, 2022, and December 15, 2022. This contract is expected to generate approximately $9.71 million in gross revenue. The m/v Crystalia is currently chartered at a rate of $8,750 per day. Diana Shipping’s fleet consists of 36 vessels, with a combined carrying capacity of roughly 4.6 million dwt.
Diana Shipping Inc. (NYSE: DSX) has signed a time charter agreement with Uniper Global Commodities SE for its Post-Panamax vessel, m/v Phaidra. The contract, commencing September 1, 2021, guarantees a gross daily rate of US$28,000 until at least July 1, 2022, with potential extension until September 15, 2022. This deal is projected to generate around US$8.40 million in gross revenue during the minimum charter term. Diana Shipping's fleet includes 36 dry bulk vessels, and it expects additional deliveries by February 2022.
Diana Shipping Inc. (NYSE: DSX) has entered a time charter contract for its Panamax vessel, m/v Selina, with ASL Bulk Shipping HK Limited. The contract is set at a gross rate of $26,500 per day, expected to commence on September 1, 2021, and run until at least June 15, 2022. This agreement is projected to yield approximately $7.53 million in gross revenue for the minimum period. Currently, the m/v Selina is on a charter with ST Shipping at a rate of $11,000 per day. Diana Shipping's fleet comprises 36 vessels, with a total carrying capacity of approximately 4.6 million dwt.
Diana Shipping Inc. (NYSE: DSX) announced the results of its tender offer that ended on August 16, 2021. The company aimed to purchase up to 3,333,333 shares at $4.50 each, totaling $15 million. Due to oversubscription, only 3,333,333 shares were purchased from the 7,189,985 shares tendered, with the remaining shares prorated. This strategic move may enhance shareholder value by reducing outstanding shares.