Diana Shipping(US:DSX)2025-07-30 13:00Financial Performance - The company secured revenues of $116.8 million [20] - The company's cash reserves stand at $149.6 million [20] - The company's net debt to market value ratio is 46% [20] - For the second quarter of 2025, the company reported a net income of $4.5 million, compared to a net loss of $2.8 million in the same period of 2024 [29] - Time charter revenues for the second quarter of 2025 were $54.7 million, slightly lower than the $56.0 million in the second quarter of 2024 [29] - For the six months ended June 30, 2025, time charter revenues were $109.6 million, compared to $113.6 million for the same period in 2024 [33] Fleet and Operations - The company's fleet has a carrying capacity of 4.1 million DWT [20] - The average age of the company's fleet is 11.66 years [20] - The average fleet utilization rate for the six months ended June 30, 2025, was 99.5% [20] - The company's fleet consists of 36 vessels [20] - The company sold m/v Selina for approximately $11.8 million [24] - As of July 22, 2025, the company has secured $66.1 million of contracted revenues for 69% of the remaining ownership days of 2025 and $49.9 million for 20% of the ownership days of 2026 [24] - The company declared a cash dividend of $0.01 per common share for the second quarter of 2025 [24] - The dry bulk orderbook as a percentage of the total fleet is 10.8% [58]