Latest news with #DianaShippingInc
Yahoo
06-06-2025
- Business
- Yahoo
Diana Shipping Inc. Announces Time Charter Contract for m/v Atalandi with Stone Shipping
ATHENS, Greece, June 06, 2025 (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 Stone Shipping Ltd, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The gross charter rate is US$9,000 per day for the first thirty-five (35) days of the charter period and US$10,100 per day for the balance period of the time charter, in each case minus a 5.00% commission paid to third parties, for a period until minimum June 15, 2026 up to maximum August 15, 2026. The charter is expected to commence on June 9, 2025. The 'Atalandi' is a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014. The employment of 'Atalandi' is anticipated to generate approximately US$3.62 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.'s fleet currently consists of 37 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax). The Company also 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, respectively. As of today, the combined carrying capacity of the Company's fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.60 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company's website, Information contained on the Company's website does not constitute part of this press release. About the Company Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company's vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words 'believe,' 'anticipate,' 'intends,' 'estimate,' 'forecast,' 'project,' 'plan,' 'potential,' 'may,' 'should,' 'expect,' 'pending' and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company's control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. In addition to these important factors, other important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company's operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company's vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, tariff policies and other trade restrictions, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company's filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. Ioannis Zafirakis Director, Co-Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary Telephone: + 30-210-9470-100 Email: izafirakis@ Website: X: @Dianaship Nicolas Bornozis / Daniela Guerrero Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, N.Y. 10169 Tel.: (212) 661-7566 Email: diana@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Diana Shipping Inc (DSX) Q1 2025 Earnings Call Highlights: Navigating Market Volatility with ...
Time Charter Revenues: $54.9 million for Q1 2025, a decrease of 5% from $57.6 million in Q1 2024. Adjusted EBITDA: $23.3 million for Q1 2025, down 6% from $24.9 million in Q1 2024. Net Income: Increased to $3 million in Q1 2025 from $2.1 million in Q1 2024. Earnings Per Share (Diluted): $0.01 for Q1 2025, unchanged from Q1 2024. Cash Reserves: $187.7 million as of March 31, 2025, down from $207.2 million as of December 31, 2024. Long-term Debt: $623.9 million as of March 31, 2025, a decrease from $637.5 million as of December 31, 2024. Fleet Utilization: 99.6% for Q1 2025, up from 99.1% in Q1 2024. Time Charter Equivalent Rate: $15,739 per day for Q1 2025, up 5% from $15,051 per day in Q1 2024. Daily Operating Expenses: Increased to $5,866 per day in Q1 2025 from $5,735 per day in Q1 2024. Quarterly Cash Dividend: $0.01 per common share, totaling approximately $1.2 million. Warning! GuruFocus has detected 7 Warning Signs with DSX. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Diana Shipping Inc (NYSE:DSX) achieved a fleet utilization rate of 99.6% for the first quarter of 2025, demonstrating effective vessel management. The company has secured $86.8 million of contracted revenues for 66% of the remaining ownership days of 2025, providing revenue visibility. Diana Shipping Inc (NYSE:DSX) declared a quarterly cash dividend of $0.01 per common share, continuing its commitment to shareholder returns. The company has a strong cash reserve of $187.7 million, supporting its financial stability. Diana Shipping Inc (NYSE:DSX) has a disciplined chartering strategy focusing on staggered medium- to long-term charters, ensuring earnings visibility and resilience against market downturns. Time charter revenues for the first quarter decreased by about 5% compared to the same quarter last year, indicating a decline in revenue generation. The dry bulk market has been uninspiring with significant volatility, impacting overall market sentiment. The company's cash decreased from $207.2 million at the end of 2024 to $187.7 million as of March 31, 2025, due to share repurchases. Global seaborne dry bulk trade is expected to drop by 1% this year, presenting challenges for market demand. Diana Shipping Inc (NYSE:DSX) faces headwinds from geopolitical and economic uncertainties, including tariffs and trade restrictions, affecting market conditions. Q: Can you provide an overview of Diana Shipping's financial performance for the first quarter of 2025? A: Maria Dede, Co-Chief Financial Officer, reported that time charter revenues for Q1 2025 were $54.9 million, a decrease of about 5% from the same quarter last year. Adjusted EBITDA decreased by 6% to $23.3 million. However, net income increased to $3 million from $2.1 million in Q1 2024, mainly due to decreased interest and finance charges. Q: What are the current market conditions affecting Diana Shipping's operations? A: Anastasios Margaronis, President and Director, noted that the dry bulk market is facing volatility due to geopolitical and economic uncertainties, including tariffs and trade restrictions. Despite these challenges, Diana Shipping has managed to secure improved charter hires, particularly in the Capesize segment. Q: How is Diana Shipping managing its fleet and chartering strategy? A: Semiramis Paliou, CEO, explained that the company operates a fleet of 37 dry bulk vessels with an average age of 11.6 years. The company focuses on staggered medium- to long-term charters to avoid clustered maturities, ensuring earnings visibility and resilience against market downturns. Q: What are Diana Shipping's future fleet expansion plans? A: The company anticipates the delivery of two methanol dual-fuel newbuilding Kamsarmax vessels at the end of 2027 and early 2028. Additionally, Diana Shipping has invested in a joint venture, Ecogas Holding AS, to order semi-refrigerated LPG newbuildings, with deliveries expected in 2027. Q: Can you elaborate on Diana Shipping's ESG initiatives? A: Semiramis Paliou highlighted the company's commitment to eco-friendly technologies and fleet modernization. Diana Shipping is focused on transparently sharing emission data and building partnerships to advance sustainability goals. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Associated Press
29-05-2025
- Business
- Associated Press
Diana Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2025; Declares Cash Dividend of $0.01 Per Common Share for the First Quarter 2025
ATHENS, Greece, May 29, 2025 (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 reported net income of $3.0 million and net income attributed to common stockholders of $1.6 million for the first quarter of 2025. This compares to net income of $2.1 million and net income attributed to common stockholders of $0.6 million for the first quarter of 2024. Earnings per share for the first quarter of 2025 was $0.01 basic and diluted, compared to earnings per share of $0.01 basic and diluted in the same quarter of 2024. Time charter revenues were $54.9 million for the first quarter of 2025, compared to $57.6 million for the same quarter of 2024. The decrease in time charter revenues, compared to the same quarter of last year, was due to decreased ownership days and was partly offset by the increased average charter rates and the increased fleet utilization. Dividend Declaration The Company has declared a cash dividend on its common stock of $0.01 per share, based on the Company's results of operations during the first quarter ended March 31, 2025. The cash dividend will be payable on or about June 24, 2025 to all common shareholders of record as of June 17, 2025. The Company currently has 115,772,780 common shares issued and outstanding. As of May 27, 2025, there were 6,400,114 warrants exercised. Non-GAAP Measures (1) Time charter equivalent rate, or TCE, is defined as our time charter revenues less voyage expenses during a period divided by the number of our available days during the period. Our method of computing TCE rate may not necessarily be comparable to TCE rates of other companies due to differences in methods of calculation. TCE is a non-GAAP measure, and management believes it is useful to investors because it is a standard shipping industry performance measure used primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day amounts while charter hire rates for vessels on time charters are generally expressed in such amounts. TCE is used by management to assess and compare the vessels' profitability. (2) Daily vessel operating expenses, which include crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the costs of spares and consumable stores, tonnage taxes and other miscellaneous expenses, are calculated by dividing vessel operating expenses by ownership days for the relevant period Conference Call and Webcast Information The Company's management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. (Eastern Time) on Thursday, May 29, 2025. Investors may access the webcast by visiting the Company's website at and clicking on the webcast link. An accompanying investor presentation also will be available via the webcast link and on the Company's website. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for international callers) and asking the operator for the Diana Shipping Inc. conference call. A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on A telephone replay also will be available for 30 days by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers) and providing the Replay ID number 13753904. About the Company Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company's vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words 'believe,' 'anticipate,' 'intends,' 'estimate,' 'forecast,' 'project,' 'plan,' 'potential,' 'may,' 'should,' 'expect,' 'pending' and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company's control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections. In addition to these important factors, other important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company's operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company's vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, tariff policies and other trade restrictions, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company's filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise. Corporate Contact: Ioannis Zafirakis Director, Co-Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary Telephone: + 30-210-9470100 Email: [email protected] Website: X: @Dianaship Investor Relations/Media Contact: Nicolas Bornozis / Daniela Guerrero Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, N.Y. 10169 Tel.: (212) 661-7566 Email: [email protected]
Yahoo
19-05-2025
- Business
- Yahoo
Diana Shipping Inc. Announces the Date for the 2025 First Quarter Financial Results, Conference Call and Webcast
ATHENS, Greece, May 19, 2025 (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 its financial results for the first quarter ended March 31, 2025 are scheduled to be released before the opening of the U.S. financial markets on Thursday, May 29, 2025. The Company's management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. (Eastern Time) on Thursday, May 29, 2025. Investors may access the webcast by visiting the Company's website at and clicking on the webcast link. An accompanying investor presentation also will be available via the webcast link and on the Company's website. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for international callers), and asking the operator for the Diana Shipping Inc. conference call. A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on A telephone replay also will be available for 30 days by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers), and providing the Replay ID number 13753904. About the Company Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company's vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. Ioannis Zafirakis Director, Co-Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary Telephone: + 30-210-9470-100 Email: izafirakis@ X: @Dianaship Nicolas Bornozis / Daniela Guerrero Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, N.Y. 10169 Tel.: (212) 661-7566 Email: diana@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-03-2025
- Business
- Yahoo
Diana Shipping Inc. (NYSE:DSX) most popular amongst retail investors who own 36%, insiders hold 28%
Diana Shipping's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 5 investors have a majority stake in the company with 52% ownership Insiders own 28% of Diana Shipping This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Every investor in Diana Shipping Inc. (NYSE:DSX) should be aware of the most powerful shareholder groups. We can see that retail investors own the lion's share in the company with 36% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Meanwhile, individual insiders make up 28% of the company's shareholders. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Let's delve deeper into each type of owner of Diana Shipping, beginning with the chart below. Check out our latest analysis for Diana Shipping Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Diana Shipping already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Diana Shipping's historic earnings and revenue below, but keep in mind there's always more to the story. Diana Shipping is not owned by hedge funds. With a 19% stake, CEO Semiramis Paliou is the largest shareholder. Meanwhile, the second and third largest shareholders, hold 14% and 9.8%, of the shares outstanding, respectively. Interestingly, the third-largest shareholder, Anastasios Margaronis is also a Member of the Board of Directors, again, indicating strong insider ownership amongst the company's top shareholders. To make our study more interesting, we found that the top 5 shareholders control more than half of the company which implies that this group has considerable sway over the company's decision-making. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. While there is some analyst coverage, the company is probably not widely covered. So it could gain more attention, down the track. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own a reasonable proportion of Diana Shipping Inc.. Insiders own US$53m worth of shares in the US$190m company. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently. The general public-- including retail investors -- own 36% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Our data indicates that Private Companies hold 23%, of the company's shares. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company. While it is well worth considering the different groups that own a company, there are other factors that are even more important. Consider for instance, the ever-present spectre of investment risk. We've identified 3 warning signs with Diana Shipping (at least 1 which is potentially serious) , and understanding them should be part of your investment process. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
