Diana Shipping Inc Stock Price, News & Analysis

Diana Shipping Inc. (NYSE: DSX) reported its Q1 2025 financial results with a net income of $3.0 million, up from $2.1 million in Q1 2024. Net income attributed to common stockholders was $1.6 million, compared to $0.6 million in Q1 2024. Time charter revenues decreased to $54.9 million from $57.6 million year-over-year, primarily due to reduced ownership days, partially offset by higher charter rates and fleet utilization. The company declared a quarterly cash dividend of $0.01 per share, payable on June 24, 2025, to shareholders of record as of June 17, 2025. The fleet consists of 37 vessels, with an average age of 11.4 years, achieving a strong fleet utilization rate of 99.6%. The Time Charter Equivalent (TCE) rate improved to $15,739 from $15,051 in the previous year.

Diana Shipping Inc. (NYSE: DSX) has secured two new time charter contracts for its vessels. The Newcastlemax vessel m/v Philadelphia (206,040 dwt) will be chartered to Refined Success Limited at $21,500 per day from May 29, 2025, until June-August 2026. The Post-Panamax vessel m/v Phaidra (87,146 dwt) will be chartered to SwissMarine at $9,750 per day from May 31, 2025, until January-February 2026.

These contracts are expected to generate approximately $10.03 million in gross revenue. Diana Shipping's fleet comprises 37 dry bulk vessels with a combined capacity of 4.1 million dwt and an average age of 11.57 years. The company also anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2028.

Diana Shipping Inc. (NYSE: DSX), a global dry bulk vessel shipping company, has scheduled to release its first quarter 2025 financial results on Thursday, May 29, 2025, before U.S. markets open. The company will host a conference call and webcast at 9:00 A.M. Eastern Time on the same day to discuss the results.

Investors can access the webcast through Diana Shipping's website at www.dianashippinginc.com. The conference call can be joined by dialing 1-877-407-8291 (U.S.) or 1-201-689-8345 (international). Both the webcast replay and telephone replay will be available for 30 days, with the telephone replay accessible via 1-877-660-6853 (U.S.) or 1-201-612-7415 (international) using Replay ID 13753904.

Diana Shipping (NYSE: DSX), a global shipping company focused on dry bulk vessel ownership and bareboat charter-in services, has announced its upcoming 2025 Annual Meeting of Shareholders.

The virtual meeting is scheduled for May 28, 2025, at 8:00 a.m. Eastern Time. Shareholders recorded as of April 21, 2025, are eligible to attend the virtual event.

Interested shareholders can access meeting instructions through:

• The SEC website (https://www.sec.gov/edgar/browse/?CIK=1318885&owner=exclude)
• Diana Shipping's official website (www.dianashippinginc.com)

Meeting details and proxy information are available in the Notice of Annual Meeting of Shareholders and accompanying proxy statement.

Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract for its Panamax vessel m/v Ismene through a wholly-owned subsidiary. The agreement with China Resource Chartering Pte. sets a gross charter rate of $11,000 per day (minus 5% third-party commission) from April 26, 2025, until minimum March 20, 2026, up to maximum May 20, 2026.

The charter is expected to generate approximately $3.54 million in gross revenue for the minimum scheduled period. The Ismene is a 77,901 dwt Panamax dry bulk vessel built in 2013.

Diana Shipping's current fleet comprises 37 dry bulk vessels with a combined carrying capacity of 4.1 million dwt and an average age of 11.46 years. The company anticipates delivery of two methanol dual fuel Kamsarmax vessels by second half 2027 and first half 2028.

Diana Shipping (NYSE: DSX) is set to celebrate its 20th anniversary as a NYSE-listed company on April 1st, 2025, with CEO Semiramis Paliou and the executive team ringing the Closing Bell.

The global dry bulk shipping company will mark this milestone with an investor meeting at the NYSE prior to the Closing Bell ceremony. The investor presentation will be accessible on the company's website.

CEO Paliou emphasized the significance of this achievement, highlighting the company's evolution into a leading player in the dry bulk shipping sector and expressing gratitude for stakeholder trust over the past two decades. She reinforced the company's commitment to continued growth and development in the industry.

Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract through its subsidiary with Cargill International SA for the Panamax vessel m/v Leto. The contract specifies a gross charter rate of $12,750 per day, with a 4.75% third-party commission, running from March 31, 2025, until minimum July 16, 2026, with possible extension to September 16, 2026.

The charter is expected to generate approximately $5.93 million in gross revenue for the minimum scheduled period. The Leto, built in 2010, is an 81,297 dwt Panamax dry bulk vessel.

Diana Shipping's fleet comprises 37 dry bulk vessels with a combined capacity of 4.1 million dwt and an average age of 11.40 years. Additionally, the company anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2H 2027 and 1H 2028.

Diana Shipping Inc. (NYSE: DSX), a global shipping company focused on dry bulk vessels ownership and bareboat charter-in, has announced the filing of its 2024 Annual Report on Form 20-F with the United States Securities and Exchange Commission.

The Annual Report, which includes the company's 2024 audited financial statements, is now available for download on the company's website. Shareholders can request a free hard copy of the complete Annual Report.

Diana Shipping Inc. (NYSE: DSX) has announced a strategic partnership with Ecogas Holding AS, acquiring an 80% equity stake in a joint venture for the construction of two 7,500 cbm semi-refrigerated LPG newbuildings. The deal includes an option for two additional vessels.

The first vessel is scheduled for delivery in Q1 2027, with the second vessel following in Q4 2027. Currently, DSX operates a fleet of 37 dry bulk vessels with a combined carrying capacity of 4.1 million dwt and an average age of 11.39 years. The fleet composition includes:

• 4 Newcastlemax
• 8 Capesize
• 4 Post-Panamax
• 6 Kamsarmax
• 6 Panamax
• 9 Ultramax vessels

Additionally, the company expects delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by H2 2027 and H1 2028.