Diana Shipping Inc.
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- Diana Shipping Inc. (NYSE: DSX) owns and bareboat charters in a fleet of modern dry bulk carriers, providing international seaborne transportation services for dry bulk cargoes including iron ore, coal, grains, steel products, bauxite, cement, nickel ore, and other commodities; the fleet, managed by wholly owned subsidiary Diana Shipping Services S.A. and a 50/50 joint venture Diana Wilhelmsen Management Limited with Wilhelmsen Ship Management, comprises 36 vessels as of September 2025 with approximately 4.1 million dwt capacity and a weighted average age of 11.82 years, consisting of 4 Newcastlemax, 8 Capesize (some bareboat chartered-in), 4 Post-Panamax, 6 Kamsarmax, 5 Panamax, and 9 Ultramax vessels, excluding two methanol dual-fuel newbuilding Kamsarmax vessels due for delivery in 2027-2028; the company, incorporated in the Marshall Islands in 1999 with principal executive offices in Athens, Greece, completed its initial public offering on the New York Stock Exchange in March 2005. In November 2025, Diana Shipping, as the largest shareholder with a 14.8% stake accumulated since July 2025, submitted a non-binding proposal to acquire all outstanding shares of U.S.-headquartered Genco Shipping & Trading Limited for $20.60 per share in cash, valuing the target at approximately $890 million and potentially creating a combined fleet of about 80 vessels with 9 million dwt to enhance scale, flexibility, and market leverage in the dry bulk sector at an opportune cycle point; the company recently arranged a long-term time charter for its Capesize vessel m/v Santa Barbara with Dampskibsselskabet Norden A/S at a gross rate of $25,500 per day through at least March 2027 and sold an Ultramax vessel (m/v DSI Drammen) expected to deliver to the buyer by late October 2025, reflecting ongoing fleet optimization efforts. Diana Shipping serves major global charterers such as mining companies, commodity traders, agricultural firms, and industrial producers under a mix of short- and long-term time charters, prioritizing high-quality assets, operational efficiency, a strong balance sheet, and relationships with international charterers and financial institutions while targeting strategic growth in key dry bulk segments worldwide.
Diana Shipping Inc. Announces Extension of Financing to Support Acquisition of All Outstanding Shares of Genco Shipping & Trading
Diana Shipping Inc. Announces Extension of Tender Offer for All Outstanding Shares of Genco Shipping & Trading
Diana Shipping Inc. Announces Time Charter Contract for m/v Ismene with Paralos Shipping
Diana Shipping Inc. Raises Offer to Acquire Genco Shipping & Trading to $27.34 Per Share Comprised of $24.80 in Cash and One Diana Share
Diana Shipping Inc. Reminds Genco Shipping & Trading Shareholders to Cast Their Vote for Independent, Fresh Perspectives in the Boardroom Ahead of Annual Meeting on June 18
Diana Shipping Inc. Addresses Genco Shipping & Trading's Last-Ditch Attempt to Cling to Poison Pill
Diana Shipping Inc. Urges Genco Shipping & Trading Shareholders to Vote for Jens Ismar and Paul Cornell to the Board, and Vote Against Genco's Poison Pill and Equity Incentive Plan Ahead of Annual Meeting on June 18
Diana Shipping Inc. Alerts Genco Shareholders of Institutional Shareholder Services' Recommendation to Vote Against Genco Shipping & Trading's Poison Pill
Diana Shipping Inc. Focuses Proxy Contest on Election of Jens Ismar and Paul Cornell to Genco Shipping & Trading Board
Diana Shipping Inc. Challenges Genco Shipping & Trading's Repeated Efforts to Avoid Engagement By Shifting its Own Valuation Methodology
Diana Shipping Inc. Comments on Genco Shipping & Trading's Rejection of $24.80 Per Share All-Cash Tender Offer
Genco Shipping & Trading rejects Diana Shipping takeover offer
Genco Board Unanimously Rejects Diana Shipping's Latest Buyout Offer
Diana Shipping Inc. Sends Letter to Genco Shipping & Trading Shareholders Making the Case for Electing Six Independent Nominees With Proven Track Records of Creating Shareholder Value
Diana Shipping Inc. Sends Letter to Genco Shipping & Trading Shareholders Making the Case for Electing Six Independent Nominees With Proven Track Records of Creating Shareholder Value
Diana Shipping's Rally Has Not Fixed The Ship
Diana Shipping Inc. Announces Results of 2026 Annual Meeting of Shareholders
Diana Shipping Inc. (DSX) Q1 2026 Earnings Call Transcript
Diana Shipping Q1 Earnings Call Highlights
Diana Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2026; Declares Cash Dividend of $0.01 Per Common Share