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Recent press releases and 8-K filings for DSX.
Diana Shipping Inc. Announces New Time Charter Contract for m/v Maia
DSX
New Projects/Investments
Revenue Acceleration/Inflection
- Diana Shipping Inc. has entered into a time charter contract with Paralos Shipping Pte. Ltd. for its m/v Maia Kamsarmax dry bulk vessel, with the new charter period expected to commence on January 13, 2026.
- The gross charter rate for the m/v Maia is US$14,000 per day, minus a 5.00% commission, which is an increase from the previously announced rate of US$11,600 per day.
- The contract period is set until a minimum of July 5, 2027, and a maximum of September 5, 2027.
- This employment is anticipated to generate approximately US$7.45 million of gross revenue for the minimum scheduled period of the time charter.
- The company's current fleet consists of 36 dry bulk vessels with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 12.13 years.
8 days ago
Diana Shipping Inc. Secures New Time Charter for M/V Myrsini
DSX
New Projects/Investments
Revenue Acceleration/Inflection
- Diana Shipping Inc. (DSX) has entered into a time charter contract for its Kamsarmax dry bulk vessel, m/v Myrsini, with Paralos Shipping Pte. Ltd..
- The new contract specifies a gross charter rate of US$13,500 per day, minus a 5.00% commission, for a period until a minimum of December 20, 2026, up to a maximum of February 20, 2027.
- This charter is expected to commence on January 1, 2026, and is anticipated to generate approximately US$4.71 million of gross revenue for the minimum scheduled period.
- The new rate of US$13,500 per day represents an increase from the m/v Myrsini's previous charter rate of US$13,000 per day with Cargill International SA.
- Diana Shipping Inc.'s current fleet consists of 36 dry bulk vessels, with two additional methanol dual fuel new-building Kamsarmax vessels expected for delivery by the second half of 2027 and the first half of 2028.
Dec 19, 2025, 9:19 PM
Diana Shipping Inc. announces new time charter contract for m/v P. S. Palios
DSX
New Projects/Investments
- Diana Shipping Inc. (DSX) has entered into a time charter contract with Glencore Freight Pte. Ltd. for its Capesize dry bulk vessel, the m/v P. S. Palios.
- The gross charter rate for the contract is US$25,200 per day, minus a 5.00% commission, with the charter expected to commence on December 14, 2025.
- The charter period is set until a minimum of November 15, 2026, up to a maximum of January 15, 2027, and is anticipated to generate approximately US$8.34 million in gross revenue for the minimum scheduled period.
Dec 5, 2025, 9:05 PM
Diana Shipping Inc. Proposes Acquisition of Genco Shipping & Trading Limited
DSX
M&A
Takeover Bid
- Diana Shipping Inc. has submitted a proposal to acquire all outstanding shares of Genco Shipping & Trading Limited not already owned by Diana for $20.60 per share in cash.
- Diana currently owns approximately 14.8% of Genco's outstanding shares.
- The proposed price represents a 15% premium to Genco's closing price on November 21, 2025, and a 23% premium to the volume-weighted average price for both the 30-day and 90-day periods ending November 21, 2025.
- The proposal, which was unanimously approved by Diana's Board of Directors, is a non-binding expression of interest.
Nov 24, 2025, 10:02 PM
Diana Shipping Inc. Announces New Time Charter Contract and Vessel Sale
DSX
New Projects/Investments
- Diana Shipping Inc. has entered into a time charter contract with SwissMarine Pte. Ltd. for its Capesize dry bulk vessel, m/v Seattle, at a gross charter rate of US$24,500 per day, minus a 5.00% commission. This charter is expected to generate approximately US$12.62 million in gross revenue for the minimum scheduled period until May 1, 2027.
- The company also announced the sale of the 2016-built Ultramax dry bulk vessel m/v DSI Drammen for approximately US$26.40 million before commissions, with delivery to the buyer latest by March 31, 2026.
- Following these transactions, Diana Shipping Inc.'s fleet consists of 36 dry bulk vessels, with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.99 years.
Nov 21, 2025, 9:28 PM
Diana Shipping Inc. Reports Q3 and Nine-Month 2025 Financial Results
DSX
Earnings
Dividends
- Diana Shipping Inc. reported net income of $7.2 million and earnings per share of $0.05 for the third quarter of 2025, compared to $3.7 million and $0.02, respectively, in the same period of 2024. For the nine months ended September 30, 2025, net income was $14.7 million and EPS was $0.09, an increase from $3.0 million and a loss per share of $(0.01) in the prior year period.
- Time charter revenues decreased to $51.9 million for Q3 2025 from $57.5 million in Q3 2024, primarily due to the sale of two vessels in 2025 and one in September 2024. For the nine months ended September 30, 2025, time charter revenues were $161.5 million, down from $171.1 million in the comparable 2024 period.
- The company declared a cash dividend of $0.01 per common share for the third quarter of 2025, payable on December 17, 2025, to shareholders of record as of December 8, 2025.
- The Time Charter Equivalent (TCE) rate for the third quarter of 2025 was $15,178, a slight decrease from $15,333 in Q3 2024. The average number of vessels in the fleet was 36.2 for Q3 2025, down from 38.7 in Q3 2024.
- As of September 30, 2025, cash, cash equivalents, restricted cash, and time deposits totaled $133.859 million, a decrease from $207.166 million at December 31, 2024.
Nov 20, 2025, 9:42 PM
Diana Shipping Inc. Reports Q3 2025 Financial Results
DSX
Earnings
Dividends
New Projects/Investments
- Diana Shipping Inc. reported Time Charter Revenues of $51.9 million for Q3 2025, a decrease from $57.5 million in Q3 2024. Net Income rose to $7.2 million in Q3 2025 from $3.7 million in Q3 2024, resulting in Diluted Earnings Per Common Share of $0.05.
- As of September 30, 2025, the company maintained a strong cash position with $133.9 million in cash, cash equivalents, time deposits and restricted cash, against $651.1 million in long-term debt and finance liabilities. The net debt to market value stood at 54%.
- The company has secured $25.4 million in contracted revenues for 87% of the remaining ownership days of 2025 and $118.3 million for 50% of the ownership days of 2026 as of November 12, 2025.
- Strategic developments include the declaration of a cash dividend of $0.01 per common share for Q3 2025 and the acquisition of 14.93% of Genco Shipping & Trading Ltd issued and outstanding common shares as of September 29, 2025. The company also has two newbuildings with methanol dual-fuel propulsion to be delivered.
Nov 20, 2025, 2:00 PM
Diana Shipping Reports Strong Q3 2025 Net Income and Strategic Genco Investment
DSX
Earnings
Dividends
New Projects/Investments
- Diana Shipping reported Q3 2025 net income of $7.2 million, nearly doubling from Q3 2024, resulting in diluted earnings per common share of $0.05. Time charter revenues for the quarter were $51.9 million.
- As of September 30, 2025, the company held $133.9 million in cash reserves and declared a quarterly cash dividend of $0.01 per common share for Q3 2025.
- The company acquired a 14.9% ownership interest in Genco Shipping and Trading Limited for $103.5 million as of September 29, 2025, stating it has "strategic value". Additionally, it drew down $55 million from a new loan facility and sold a vessel for approximately $11.8 million.
- While the dry bulk market showed solid performance in Q3 2025 with strong Capesize and Panamax sectors driven by record Chinese imports, the bulk carrier fleet growth is projected to outpace demand in 2025 and 2026, suggesting a potentially softer year for earnings in 2025 compared to 2024.
Nov 20, 2025, 2:00 PM
Diana Shipping Reports Q3 2025 Financial Results and Declares Dividend
DSX
Earnings
Dividends
New Projects/Investments
- Diana Shipping reported net income of $7.2 million for Q3 2025, a significant increase from $3.7 million in Q3 2024, primarily due to a $10.6 million gain from the valuation of its investment in Genco, resulting in diluted earnings per common share of $0.05.
- The company declared a quarterly cash dividend of $0.01 per common share for Q3 2025, totaling approximately $1.16 million.
- As of September 30, 2025, cash reserves were $133.9 million, and long-term debt increased to $651.1 million. Strategic investments during the nine-month period included $103.5 million for a 14.9% ownership interest in Genco and $23 million for share repurchases.
- As of November 12, 2025, the company has secured $25.4 million in contracted revenues for 87% of the remaining ownership days of 2025 and $118 million for 50% of the ownership days of 2026, totaling approximately $149 million at an average time charter rate of $16,200 per day.
Nov 20, 2025, 2:00 PM
Diana Shipping Inc. Reports Q3 2025 Financial Results and Strategic Investments
DSX
Earnings
Dividends
New Projects/Investments
- Diana Shipping Inc. reported Q3 2025 net income of $7.2 million and diluted EPS of $0.05, a significant increase from the prior year, largely due to a $10.6 million gain from the valuation of its investment in Genco.
- Cash reserves decreased to $133.9 million as of September 30, 2025, following strategic investments including $103.5 million for a 14.9% stake in Genco Shipping & Trading Limited and $23 million in share repurchases.
- The company declared a quarterly cash dividend of $0.01 per common share for Q3 2025 and maintained strong operational efficiency with 99.4% fleet utilization.
- While projected revenues for the remainder of 2025 may not fully cover the $16,806 per day cash flow break-even rate, the outlook for 2026 is positive for cash flow profitability, supported by new-building orders for two methanol dual-fuel Kamsarmax vessels for delivery in late 2027 and early 2028.
Nov 20, 2025, 2:00 PM
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