Tender Offer Results - Diana Shipping Inc announced the final results of its tender offer to purchase up to 15,000,000 shares of its common stock at a price of US$2 00 per share, with the offer expiring on December 31, 2024 [1] - A total of 11,442,645 shares were tendered, resulting in an aggregate purchase price of US$22,885,290 as the offer was undersubscribed [2] Company Overview - Diana Shipping Inc is a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels [3] - The company's vessels are primarily employed on short to medium-term time charters, transporting dry bulk cargoes such as iron ore, coal, grain, and other materials along worldwide shipping routes [3] Forward-Looking Statements - The press release contains forward-looking statements regarding the company's plans, objectives, goals, strategies, future events, and performance [4][5] - These statements are based on various assumptions, including historical operating trends, company records, and third-party data, but are subject to significant uncertainties and contingencies [6] - Factors that could cause actual results to differ include world economic strength, currency fluctuations, charter rate and vessel value changes, demand for dry bulk shipping capacity, operating expenses, financing availability, regulatory changes, political conditions, and potential disruptions to shipping routes [7]

ATHENS, Greece, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced the preliminary results of its tender offer to purchase up to 15,000,000 shares of its common stock, par value US$0.01 per share, at a price of US$2.00 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The tender offer expired at 5:00 P.M., Eastern ...

ATHENS, Greece, Dec. 24, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite. The gross charter rate is US$8,750 per day for the first fifty (50) days of the charter period and US$12 ...

ATHENS, Greece, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$12,000 per day, minus a 5.00% commission paid to third parties, for a p ...

ATHENS, Greece, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Mitsui O.S.K. Lines, Ltd., for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$22,000 per day, minus a 5.00% commission paid to third parties, for a perio ...

ATHENS, Greece, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with China Resource Chartering Limited, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US$8,400 per day, minus a 5.00% commission paid to third parties, for a period u ...

Company Overview - Diana Shipping operates its fleet solely on time charter contracts, which can be advantageous or disadvantageous depending on market conditions [1] Analyst Background - The analyst focuses on REITs, shipping, and value/growth small-cap stocks, with less interest in mega-cap companies [1] - The analyst has over 15 years of investing experience in real estate and stock markets [1] Article Purpose - The article aims to express the analyst's ideas and test them against reality while gaining additional knowledge [1] - The analyst's motto is the neverending pursuit of truth, which drives their investment approach [1]

ATHENS, Greece, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Paralos Shipping Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Maia. The gross charter rate is US$11,600 per day, minus a 5.00% commission paid to third parties, for a period until ...

ATHENS, Greece, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced it is commencing a tender offer to purchase up to 15,000,000 shares, or about 12.0%, of its outstanding common stock, using funds available from cash and cash equivalents on hand at a price of $2.00 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on Decemb ...

Note: I previously covered Diana Shipping (NYSE: DSX ) in October. During 2Q24, DSX improved its capital structure. It moved the maturity wall from 2026 to 2029. DSX recorded a weak 2Q24 due to its significant exposure to long-term contracts. At theI am a voracious reader and self-taught investor. In the past, I was an accountant in the maritime industry. Now, I am a happy retiree passionate about writing and financial markets. As the kids are grown up, I have time to pursue my endeavors: growing my portfol ...