Diana Shipping(DSX)
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Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Altair With Bunge
Globenewswire· 2026-01-12 14:22
Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract with Bunge SA for its Ultramax dry bulk vessel, the m/v DSI Altair, at a gross rate of US$14,750 per day, expected to generate approximately US$5.30 million in gross revenue for the minimum charter period [1][2]. Group 1: Charter Agreement Details - The time charter for the m/v DSI Altair is set to commence on January 17, 2026, and will last until at least January 15, 2027, with a maximum end date of March 30, 2027 [1]. - The charter rate is subject to a 5.00% commission paid to third parties [1]. Group 2: Fleet Information - Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels, including various types such as Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax [3]. - The total carrying capacity of the fleet, excluding two new vessels yet to be delivered, is approximately 4.1 million deadweight tons (dwt), with a weighted average age of 12.14 years [3]. - The company anticipates 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 [3]. Group 3: Company Overview - Diana Shipping Inc. specializes in shipping transportation services through the ownership and bareboat charter-in of dry bulk vessels, primarily engaged in short to medium-term time charters [4]. - The vessels transport a variety of dry bulk cargoes, including iron ore, coal, and grain, along global shipping routes [4].
Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Maia with Paralos Shipping
Globenewswire· 2026-01-08 14:22
Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Kamsarmax dry bulk vessel, the m/v Maia, with Paralos Shipping Pte. Ltd., at a gross charter rate of US$14,000 per day, effective from January 13, 2026, until a minimum of July 5, 2027, and a maximum of September 5, 2027 [1] Company Overview - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels, primarily engaged in short to medium-term time charters [4] - The company’s fleet consists of 36 dry bulk vessels, including various classes such as Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax [3] - The combined carrying capacity of the fleet, excluding two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 12.13 years [3] Financial Impact - The new charter for the m/v Maia is expected to generate approximately US$7.45 million in gross revenue for the minimum scheduled period of the time charter [2] - The previous charter rate for the m/v Maia was US$11,600 per day, indicating an increase in the charter rate with the new contract [1] Future Developments - The company anticipates taking delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [3]
Genco Shipping: Diana's Bid Is A Floor, Not A Ceiling (NYSE:GNK)
Seeking Alpha· 2025-12-19 23:31
Group 1 - Diana Shipping Inc. (DSX) has made a non-binding proposal to acquire the remaining shares after increasing its stake from 7.7% to 14.8% [1] - The company is focused on identifying mispriced opportunities in the market, particularly in cyclical industries, energy, industrials, and under-followed mid-caps [1] - The investment strategy emphasizes cash flow durability, balance sheet strength, and the risks associated with different capital structures [1] Group 2 - The approach targets situations where market sentiment is detached from a company's underlying fundamentals, allowing for potential stock price appreciation with modest changes in expectations [1]
Genco Shipping: Diana's Bid Is A Floor, Not A Ceiling
Seeking Alpha· 2025-12-19 23:31
Group 1 - Diana Shipping Inc. (DSX) has made a non-binding proposal to acquire the remaining shares after increasing its stake from 7.7% to 14.8% [1] - The company is focused on identifying mispriced opportunities in the market, particularly in cyclical industries, energy, industrials, and under-followed mid-caps [1] - The investment strategy emphasizes cash flow durability, balance sheet strength, and the risks associated with different capital structures [1] Group 2 - The approach targets situations where market sentiment lags behind the underlying fundamentals, allowing for potential stock price appreciation with modest changes in expectations [1]
Diana Shipping Inc. Announces Time Charter Contract for m/v Myrsini With Paralos Shipping
Globenewswire· 2025-12-19 14:20
Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Kamsarmax dry bulk vessel, m/v Myrsini, with Paralos Shipping Pte. Ltd., which is expected to generate significant revenue for the company [1][2]. Group 1: Charter Agreement Details - The gross charter rate for the m/v Myrsini is set at US$13,500 per day, with a 5.00% commission for third parties, for a period from January 1, 2026, until a minimum of December 20, 2026, and a maximum of February 20, 2027 [1]. - The anticipated gross revenue from this charter for the minimum scheduled period is approximately US$4.71 million [2]. Group 2: Fleet Composition and Future Plans - Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels, including various types such as Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax [3]. - The company expects to take delivery of two new methanol dual fuel Kamsarmax vessels by the second half of 2027 and the first half of 2028, respectively [3]. - The total carrying capacity of the fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 12.07 years [3]. Group 3: Company Overview - Diana Shipping Inc. specializes in shipping transportation services through the ownership and bareboat charter-in of dry bulk vessels, primarily engaged in short to medium-term time charters [4]. - The vessels transport a variety of dry bulk cargoes, including iron ore, coal, and grain, along global shipping routes [4].
Diana Shipping Inc. Announces Time Charter Contract for M/V P. S. Palios with Glencore
Globenewswire· 2025-12-05 14:15
Core Points - Diana Shipping Inc. has entered into a time charter contract with Glencore Freight Pte. Ltd. for its Capesize dry bulk vessel, the m/v P. S. Palios, with a gross charter rate of US$25,200 per day, expected to generate approximately US$8.34 million in gross revenue for the minimum charter period [1][2] Company Overview - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels, primarily engaged in short to medium-term time charters [4] - The company's fleet consists of 36 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax, and 9 Ultramax, with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 12.03 years [3] Future Developments - The company expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [3]
Diana Shipping Inc. Announces Time Charter Contracts for m/v DSI Pollux With Stone Shipping and m/v DSI Andromeda With Western Bulk
Globenewswire· 2025-12-04 14:20
Core Viewpoint - Diana Shipping Inc. has entered into time charter contracts for two Ultramax dry bulk vessels, the m/v DSI Pollux and m/v DSI Andromeda, generating significant revenue for the company [1][3][4]. Group 1: Charter Contracts - The m/v DSI Pollux has a gross charter rate of US$14,750 per day, with a charter period from December 8, 2025, until a minimum of January 1, 2027, and a maximum of February 28, 2027 [1]. - The m/v DSI Andromeda has a gross charter rate of US$14,600 per day, with a charter period from December 7, 2025, until a minimum of April 1, 2027, and a maximum of May 31, 2027 [3]. - The total gross revenue anticipated from the employments of both vessels for the minimum scheduled period is approximately US$12.60 million [4]. Group 2: Fleet Information - Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels, including various types such as Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax [5]. - The combined carrying capacity of the fleet, excluding two vessels not yet delivered, is approximately 4.1 million deadweight tons (dwt), with a weighted average age of 12.03 years [5]. - The company expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [5]. Group 3: Company Overview - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels [6]. - The company's vessels primarily engage in short to medium-term time charters, transporting a range of dry bulk cargoes, including iron ore, coal, and grain [6].
Genco Shipping & Trading Confirms Receipt of a Non-Binding Indicative Proposal from Diana Shipping Inc.
Globenewswire· 2025-11-24 21:15
Core Points - Genco Shipping & Trading Limited has received a non-binding indicative proposal from Diana Shipping Inc. to acquire all outstanding shares of Genco not already owned by Diana for $20.60 per share in cash [1] - Diana Shipping currently owns approximately 14.8% of Genco's common stock [1] Company Overview - Genco Shipping & Trading Limited is a U.S.-based drybulk ship owning company focused on the global transportation of commodities, including iron ore, coal, grain, steel products, bauxite, cement, and nickel ore [5] - The company operates a fleet of 45 vessels with an average age of 12.5 years and an aggregate capacity of approximately 5,045,000 deadweight tons (dwt) [5]
Diana Shipping Inc. Announces Proposal to Acquire Remaining Shares of Genco Shipping & Trading Limited
Globenewswire· 2025-11-24 14:15
Core Viewpoint - Diana Shipping Inc. has proposed to acquire all outstanding shares of Genco Shipping & Trading Limited not already owned by Diana for $20.60 per share in cash, representing a significant premium to historical trading prices [1][7]. Group 1: Acquisition Proposal - The proposed acquisition price of $20.60 per share represents a 15% premium to Genco's closing price on November 21, 2025, a 21% premium to the closing price on July 17, 2025, and a 23% premium to the volume-weighted average price over the last 30 and 90 days [7]. - Diana currently owns approximately 14.8% of Genco's outstanding shares, and the proposal aims to provide Genco shareholders with immediate cash value [1][2]. Group 2: Strategic Rationale - The CEO of Diana emphasized that the acquisition would enhance the scale and flexibility of the combined fleet, improving operational leverage in the dry bulk market at a favorable time in the cycle [2]. - The transaction is intended to be financed through a new acquisition facility, with plans to selectively divest assets post-transaction to optimize the fleet and balance sheet [2]. Group 3: Board Approval and Engagement - The proposal has received unanimous approval from Diana's Board of Directors, and the company is prepared to engage with Genco's Board and management to expedite the transaction [3]. - The proposal is a non-binding expression of interest, and there is no guarantee that an agreement will be reached [4].
Diana Shipping: Barely Afloat, Initiating Sell (NYSE:DSX)
Seeking Alpha· 2025-11-23 12:59
Core Viewpoint - Diana Shipping (DSX) operates a fleet of various dry bulk ships and is perceived as a potentially undervalued investment opportunity [1] Company Overview - The company focuses on long-term investments in stocks that are trading at or below their fair value [1] - Diana Shipping aims to capitalize on market inefficiencies to enhance investor wealth [1] Investment Perspective - The article suggests that despite the company's seemingly low valuation, there are underlying factors that may influence its investment attractiveness [1]