Diana Shipping(DSX)2025-03-21 21:07Investment and Joint Ventures - Diana Shipping Inc. has agreed to invest in a joint venture, Ecogas Holding AS, acquiring an 80% equity interest for the construction of two 7,500 cbm semi-refrigerated LPG newbuildings, with an option for two additional vessels[1] - The delivery of the first vessel is expected in Q1 2027 and the second vessel in Q4 2027[1] Fleet and Vessel Information - The current fleet consists of 37 dry bulk vessels with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.39 years[2] - 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[2] - Diana Shipping Inc. primarily employs its vessels on short to medium-term time charters, transporting various dry bulk commodities[3] Forward-Looking Statements and Risks - The company is focused on leveraging safe harbor provisions for forward-looking statements under the Private Securities Litigation Reform Act of 1995[4] - Forward-looking statements are based on various assumptions, including historical operating trends and data from third parties[6] - The company acknowledges significant uncertainties that could cause actual results to differ materially from forward-looking statements, including market conditions and geopolitical risks[7]