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 global shipping company in the deep sea freight transportation industry, specializing in the ownership and bareboat charter-in of dry bulk vessels. Its vessels are employed primarily on short to medium-term time charters and transport dry bulk cargoes such as iron ore, coal, grain and other materials along worldwide shipping routes. This news page focuses on company announcements and regulatory disclosures that relate to these activities.
Visitors to this DSX news section can review press releases on new and renewed time charter contracts for specific vessels across Diana Shipping’s Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax and Ultramax fleet. The company regularly reports charter rates, charter durations, counterparties and anticipated gross revenues for these contracts, providing insight into fleet employment and utilization.
The news feed also includes fleet and asset updates, such as Memoranda of Agreement for vessel sales and changes to previously announced sale transactions. In addition, Diana Shipping publishes financial results for defined reporting periods, including time charter revenues, net income, fleet data and non-GAAP metrics such as time charter equivalent (TCE) rates and daily vessel operating expenses.
Another category of DSX news involves corporate and strategic developments, for example proposals to acquire remaining shares of another dry bulk shipping company and related communications, as well as announcements about officer resignations and appointments approved by the Board of Directors. Investors and analysts who follow the dry bulk shipping market can use this page to monitor Diana Shipping’s chartering activity, fleet composition, financial performance communications and corporate actions over time.
Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract for its Ultramax vessel m/v DSI Andromeda with Cargill Ocean Transportation. The contract features a gross charter rate of $14,000 per day (minus 4.75% third-party commission), running from March 29, 2025, until minimum November 15, 2025, up to January 15, 2026.
The vessel, currently chartered to Bunge SA at $13,500 per day, is expected to generate approximately $3.18 million in gross revenue for the minimum scheduled period. The DSI Andromeda is a 60,309 dwt Ultramax dry bulk vessel built in 2016.
Diana Shipping's fleet comprises 37 dry bulk vessels with a combined carrying capacity of 4.1 million dwt and an average age of 11.39 years. The company anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2027-2028.
Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract through its subsidiary with Cargill International SA for the m/v Medusa, a Kamsarmax dry bulk vessel. The charter will commence on March 15, 2025, at a gross rate of $13,000 per day (minus 4.75% third-party commission) until minimum May 15, 2026, up to July 15, 2026.
The 82,194 dwt vessel, built in 2010, is expected to generate approximately $5.46 million in gross revenue for the minimum scheduled period. Following the sale of m/v Alcmene, Diana's fleet will comprise 37 dry bulk vessels with a combined capacity of 4.2 million dwt and an average age of 11.45 years. Additionally, the company anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2H 2027 and 1H 2028.
Diana Shipping Inc. (NYSE: DSX) has reported its financial results for Q4 and full-year 2024. The company posted a net income of $9.7 million for Q4 2024, with $8.3 million attributed to common stockholders, compared to $9.4 million and $7.9 million respectively in Q4 2023.
Q4 earnings per share were $0.07 basic and $0.02 diluted, while time charter revenues decreased to $57.1 million from $60.0 million in the same period last year due to decreased ownership days.
For the full year 2024, Diana Shipping reported:
- Net income of $12.7 million (down from $49.8 million in 2023)
- Net income attributed to common stockholders of $7.0 million (down from $44.1 million)
- Time charter revenues of $228.2 million (down from $262.1 million)
- Earnings per share of $0.06 basic and $0.05 diluted
The company declared a cash dividend of $0.01 per share for Q4 2024, payable on March 21, 2025, to shareholders of record as of March 12, 2025.
Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract with Cargill International SA for its Kamsarmax vessel, m/v Myrsini. The contract specifies a gross charter rate of $13,000 per day (minus 4.75% third-party commission) from February 28, 2025, until minimum January 1, 2026, with possible extension to February 28, 2026.
The charter is expected to generate approximately $3.95 million in gross revenue for the minimum scheduled period. The Myrsini is an 82,117 dwt vessel built in 2010. Following the sale of m/v Alcmene, Diana's fleet will comprise 37 dry bulk vessels with a combined capacity of 4.2 million dwt and an average age of 11.39 years. The company also anticipates delivery of two methanol dual fuel Kamsarmax vessels by 2027-2028.
Diana Shipping (NYSE: DSX), a global shipping company focused on dry bulk vessel ownership and bareboat charter-in, has scheduled its Q4 and full-year 2024 financial results release for February 25, 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 the company's website at www.dianashippinginc.com, where an investor presentation will also be available. For those preferring telephone access, U.S. callers can dial 1-877-407-8291, while international callers should use 1-201-689-8345. Both the webcast replay and telephone replay (Replay ID: 13751556) will be available for 30 days after the call.
Diana Shipping Inc. (NYSE: DSX) has announced two significant transactions: First, the sale of its 2010-built Post-Panamax vessel 'Alcmene' for approximately $11.9 million, with delivery to an unaffiliated buyer by March 7, 2025. Second, the company has secured a new time charter contract with SwissMarine for its Newcastlemax vessel 'm/v San Francisco' at a $26,000 daily rate (up from previous $22,000), starting February 27, 2025, until minimum October 25, 2026.
The San Francisco charter is expected to generate about $15.55 million in gross revenue. After the Alcmene sale, Diana's fleet will comprise 37 dry bulk vessels with a combined capacity of 4.2 million dwt and an average age of 11.37 years. The company also has two methanol dual fuel Kamsarmax vessels on order for delivery in 2027-2028.
Diana Shipping (NYSE: DSX) has announced two time charter contract extensions for its vessels. The Capesize vessel m/v Semirio (174,261 dwt) has been extended with Solebay Shipping at a gross rate of $16,650/day (up from $14,150/day), running from February 4, 2025, until minimum February 15, 2026. The m/v DSI Aquila Ultramax vessel (60,309 dwt) extends with Western Bulk Carriers at $12,250/day (slightly down from $12,500/day) for 5-7 months from January 23, 2025.
These extensions are expected to generate approximately $7.52 million in gross revenue for the minimum scheduled period. The company's fleet consists of 38 dry bulk vessels with a combined capacity of 4.2 million dwt and an average age of 11.29 years. Additionally, Diana Shipping expects delivery of two methanol dual fuel Kamsarmax vessels by 2027-2028.
Diana Shipping Inc. (NYSE: DSX) has secured a new time charter contract with SwissMarine Pte. for its Capesize vessel m/v New York. The contract features a split rate structure: US$6,300 per day for the first trip and US$17,600 per day for the remaining period, both minus a 5% third-party commission. The charter will run from January 12, 2025, until minimum January 15, 2026, with a possible extension to March 30, 2026.
The 177,773 dwt vessel, built in 2010, is expected to generate approximately US$6.03 million in gross revenue for the minimum scheduled period. Diana Shipping's current fleet comprises 38 dry bulk vessels with a combined capacity of 4.2 million dwt and an average age of 11.28 years. The company also has two methanol dual fuel Kamsarmax vessels on order for delivery in 2027-2028.
Diana Shipping (NYSE: DSX) has announced the final results of its self tender offer to purchase common stock shares. The company offered to buy up to 15,000,000 shares at US$2.00 per share. The tender offer, which expired on December 31, 2024, was undersubscribed with 11,442,645 shares tendered. As a result, Diana Shipping will purchase all validly tendered shares for a total aggregate purchase price of US$22,885,290.
Diana Shipping (NYSE: DSX) has announced preliminary results of its self tender offer to purchase up to 15,000,000 shares of common stock at US$2.00 per share. The tender offer, which expired on December 31, 2024, received preliminary submissions of 12,067,782 shares, including 729,654 shares under guaranteed delivery procedure.
Due to the offer being undersubscribed, the company expects to purchase all validly tendered shares. The total purchase would amount to less than the initially offered US$30.0 million aggregate purchase price. Final results and payment details will be announced after the depositary's confirmation process is complete.