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 (NYSE: DSX) has scheduled the release of its 2024 third quarter financial results for Monday, November 25, 2024, before U.S. markets open. Management will host a conference call and webcast at 9:00 A.M. Eastern Time on the same day. Investors can access the webcast through the company's website, where an investor presentation will also be available. The conference call can be joined via telephone, with separate numbers for U.S. and international callers. Both the webcast and telephone replay will be available for 30 days after the event.
Diana Shipping Inc. (NYSE: DSX) has successfully completed a US$25 million tap issue under its outstanding senior unsecured bond issue due July 2, 2029. The tap issue was priced at 102.00% of par value, bringing the total outstanding amount under the Bonds to US$175 million. The company, which specializes in dry bulk vessel ownership and bareboat charter-in, plans to use the net proceeds for general corporate purposes in accordance with the Bonds' terms.
Diana Shipping Inc. (NYSE: DSX), a global dry bulk vessel shipping company, has released its Environmental, Social and Governance (ESG) Report for the year ended December 31, 2023. The report details the company's ESG policies and practices, demonstrating its commitment to sustainability in the maritime sector. CEO Semiramis Paliou emphasized the company's dedication to advancing industry ESG standards through innovation and strategic transformation.
Diana Shipping Inc. (NYSE: DSX) has successfully signed a US$80.2 million seven-year secured term loan facility with Danish Ship Finance A/S on October 18, 2024. This amended and restated loan, maturing in April 2031, refinances the Company's existing loan facility of the same balance, originally due in April 2028. The new loan is secured by seven vessels, down from nine in the previous agreement, releasing two mortgaged vessels.
Mr. Ioannis Zafirakis, CFO and CSO, emphasized that this refinancing demonstrates the Company's commitment to enhancing its capital structure and operational flexibility. Diana Shipping Inc.'s fleet currently comprises 38 dry bulk vessels with a combined carrying capacity of approximately 4.2 million dwt and a weighted average age of 11.06 years. The Company also anticipates the delivery of two methanol dual fuel new-building Kamsarmax vessels by 2028.
Diana Shipping Inc. (NYSE: DSX) has announced a new time charter contract for its Panamax dry bulk vessel, m/v Selina, with Raffles Shipping International Pte. The contract features a gross charter rate of US$10,500 per day, minus a 5% commission to third parties, for a period until minimum March 1, 2025, up to maximum April 20, 2025. The charter is set to commence on October 17, 2024.
The m/v Selina, a 75,700 dwt Panamax vessel built in 2010, is expected to generate approximately US$1.39 million in gross revenue for the minimum scheduled period. Diana Shipping's fleet currently consists of 38 dry bulk vessels with a combined carrying capacity of about 4.2 million dwt and an average age of 11.04 years. The company is also awaiting delivery of two methanol dual fuel new-building Kamsarmax vessels by 2028.
Diana Shipping Inc. (NYSE: DSX) has announced the extension of a time charter contract for its Post-Panamax dry bulk vessel, the m/v Phaidra, with Aquavita International S.A. The new charter period is set to begin on October 11, 2024, with a gross charter rate of US$12,000 per day, minus a 4.75% commission paid to third parties. The contract duration is from a minimum of May 1, 2025, to a maximum of July 15, 2025.
The employment of Phaidra is expected to generate approximately US$2.4 million of gross revenue for the minimum scheduled period. Diana Shipping's fleet currently consists of 38 dry bulk vessels with a combined carrying capacity of about 4.2 million dwt and a weighted average age of 11.01 years. The company is also anticipating the delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028.
Diana Shipping Inc. (NYSE: DSX) has announced a new time charter contract for its Ultramax dry bulk vessel, m/v DSI Altair, with Propel Shipping Pte. The contract offers a gross charter rate of US$15,750 per day, minus a 5% commission, for a period until minimum November 1, 2025, up to maximum December 31, 2025. This new charter, commencing on September 26, 2024, is expected to generate approximately US$6.24 million in gross revenue for the minimum scheduled period.
The m/v DSI Altair, a 60,309 dwt vessel built in 2016, is currently chartered to Western Bulk Carrier AS at a lower rate of US$13,800 per day. Diana Shipping's fleet consists of 38 dry bulk vessels with a combined carrying capacity of about 4.2 million dwt and an average age of 10.97 years. The company is also expecting delivery of two methanol dual fuel new-building Kamsarmax vessels by 2028.
Diana Shipping Inc. (NYSE: DSX) has announced a new time charter contract for its Ultramax dry bulk vessel, m/v DSI Pegasus, with Cargill Ocean Transportation. The contract offers a gross charter rate of $15,250 per day, with a 4.75% commission to third parties, for a period until minimum June 1, 2025, up to maximum August 1, 2025. The charter is set to begin on September 4, 2024, and is expected to generate approximately $4.09 million in gross revenue for the minimum scheduled period.
The m/v DSI Pegasus, a 60,508 dwt vessel built in 2015, is currently under charter to Reachy Shipping at $14,000 per day. Upon completion of a previously announced vessel sale, Diana Shipping's fleet will consist of 38 dry bulk vessels with a combined carrying capacity of about 4.4 million dwt and an average age of 11.07 years. The company is also expecting delivery of two methanol dual fuel new-building Kamsarmax vessels by 2028.
Diana Shipping Inc. (NYSE: DSX) has announced a new time charter contract for its Capesize dry bulk vessel, m/v G. P. Zafirakis, with Nippon Yusen Kabushiki Kaisha, Tokyo. The contract offers a gross charter rate of $26,800 per day, minus a 5% commission, for a period of 23-26 months starting September 9, 2024. This new charter is expected to generate approximately $18.49 million in gross revenue for the minimum scheduled period.
The m/v G. P. Zafirakis, a 179,492 dwt vessel built in 2014, was previously chartered at a lower rate of $17,000 per day. Upon completion of a previously announced vessel sale, Diana Shipping's fleet will consist of 38 dry bulk vessels with a combined carrying capacity of about 4.4 million dwt and an average age of 11.06 years. The company also anticipates the delivery of two methanol dual fuel new-building Kamsarmax vessels by 2028.
Diana Shipping Inc. (NYSE: DSX) has announced a new time charter contract for its Kamsarmax dry bulk vessel, m/v Astarte. The contract, with Paralos Shipping Pte., , offers a gross charter rate of $14,000 per day, minus a 5% commission. The charter period is from August 18, 2024, until at least July 15, 2025, with a potential extension to September 15, 2025. This agreement is expected to generate approximately $4.58 million in gross revenue for the minimum scheduled period.
Following the sale of m/v Houston, Diana Shipping's fleet will comprise 38 dry bulk vessels, with a combined carrying capacity of about 4.4 million dwt and an average age of 11.03 years. The company is also anticipating the delivery of two methanol dual fuel new-building Kamsarmax vessels by 2028.