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 ...

FORM 6-K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 Commission File Number: 001-32458 DIANA SHIPPING INC. (Translation of registrant's name into English) Pendelis 16, 175 64 Palaio Faliro, Athens, Greece (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40- ...

Financial Data and Key Metrics - Time charter revenues decreased by approximately $5 million from Q3 2023 to Q3 2024, from $62.1 million to $57.5 million [19] - Net income for Q3 2024 was $3.7 million, compared to $7.4 million in Q3 2023 [19] - Cash and cash equivalents, time deposits, and restricted cash increased to $186.8 million as of September 30, 2024, up from $161 million at the end of 2023 [19] - Long-term debt decreased from $642.8 million to $627 million [19] - Net debt stands at 37% of market value, supported by $186.8 million in cash reserves and $135.3 million in secured revenues as of November 19 [10] Business Line Data and Key Metrics - Fleet utilization reached 99.7% in the first nine months of 2024 [10] - Secured revenue for 78% of remaining ownership days in 2024, amounting to approximately $22.1 million, and 38% of available ownership days in 2025, amounting to approximately $95.8 million [15] - Time charter equivalent rate dropped to $15,333 in Q3 2024, compared to $15,800 in Q3 2023 [20] - Operating expenses increased to $5,964 per day in Q3 2024, up from $5,621 in Q3 2023 [21] Market Data and Key Metrics - Capesize vessels maintained relative strength, averaging higher returns than in the previous quarter, while smaller segments weakened significantly [8] - Red Sea disruption increased bulk carrier ton-mile demand by about 1.2%, with Swiss Canal transits down 40% compared to the second half of 2023 [24] - Chinese economy struggles with property sector drag, but imports remain steady, leading to a buildup of commodity inventories [25] - IMF forecasts global economic growth of 3.2% in 2024 and 3.3% in 2025, with weaker outlooks for China, Latin America, and the EU [26] Company Strategy and Industry Competition - Focus on staggered medium-term to long-term charters to avoid clustered maturities, ensuring earnings visibility and resilience against market downturns [17] - Ongoing fleet modernization efforts, including the delivery of two methanol dual-fuel newbuilding Kamsarmax dry bulk vessels by 2027 and 2028 [9] - ESG initiatives include promoting eco-friendly technologies, transparent emission data sharing, and partnerships to advance sustainability goals [38] Management Commentary on Operating Environment and Future Outlook - Geopolitical developments, particularly in the Red Sea, have significantly impacted the shipping industry [24] - Chinese government stimulus measures are expected to support the economy, despite challenges in the property sector [25] - Clarksons projects a slight easing of bulk carrier earnings in 2025, with ton-mile demand growth of 1.3% versus supply growth of 3% [35] - Positive factors for 2025 include import growth into India and Southeast Asia, a strong Brazilian soybean season, and increased congestion [34] Other Important Information - Declared a quarterly cash dividend of $0.01 per common share, totaling approximately $1.3 million [15] - Issued $150 million senior unsecured bonds with a fixed coupon of 8.75%, maturing in July 2029 [11] - Raised $25.5 million through the exercise of 6,381,900 warrants, with potential to raise an additional $64.9 million [14] Q&A Session Summary Question: Update on minority investment in CSOVs and expected delivery timeline - Total commitment is EUR50 million, with EUR33 million already paid and the remaining EUR15 million expected soon [44] - First vessel delivery expected by September 2025, with subsequent deliveries every three months [44] - Preference for long-term employment contracts, though none have been secured yet [44] Question: Capital allocation priorities and potential share repurchase - Company maintains a disciplined approach to fleet renewal, deleveraging, and shareholder returns [45] - Share repurchases may occur at the appropriate time, depending on market conditions [45] - Balance sheet is prepared to support these actions when deemed necessary [45]

We create to share Financial Results for the 3 rd Quarter of 2024 November 25, 2024 Our Presenting Team Semiramis Paliou Director & Chief Executive Officer Director, Ioannis Zafirakis Maria Dede Chief Accounting Officer Chief Financial Officer, Chief Strategy Officer, Secretary & Treasurer Dave Van der Linden Chief Commercial Officer Of Steamship Shipbroking Enterprises Inc. Our Company's confidence stems from our established track record DSX LISTED We create to share 2 Financial Results for the 3rd Quarter ...