Diana Shipping Inc.
New York Stock ExchangeRecent
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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.
Company News
Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Leto With Cargill
Diana Shipping: Genco Clarity, But Earnings Not So Much (Downgrade)
Diana Shipping: Genco Shares For Free (Rating Upgrade)
Diana Shipping Drops Bid to Acquire Genco Shipping & Trading
Diana Shipping Inc. Withdraws Offer to Acquire Genco Shipping & Trading Following Genco Board's Outrageous Demands
Diana Shipping Inc. and Star Bulk Carriers Announce Mutual Agreement to Terminate Vessel Sale and Purchase Agreement
Diana Shipping Inc. and Star Bulk Carriers Announce Mutual Agreement to Terminate Vessel Sale and Purchase Agreement
Diana Shipping Inc. Announces Time Charter Contract for m/v Florida with NYK
Diana Shipping Q2 Earnings Call Highlights
Diana Shipping Inc. (DSX) Q2 2026 Earnings Call Transcript
Diana Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2026; and Declares Cash Dividend of $0.01 Per Common Share for the Second Quarter 2026
Diana Shipping Inc. Highlights Decline in Genco Shipping & Trading Fleet Values and Urges Board to Act Before Further Value is Eroded
Diana Shipping Inc. Announces Time Charter Contract for m/v Philadelphia with Classic Maritime
Diana Shipping Inc. Urges Genco Shipping & Trading to Stop Misleading Investors and Engage in Good Faith Negotiations
Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Atalandi with Stone Shipping
Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Pegasus with Fednav International
Navigating the Future of Shipping: Leadership Insights – Q2 2026
Diana Shipping Inc. Announces the Date for the 2026 Second Quarter Financial Results, Conference Call and Webcast
Diana Shipping Inc. Announces Extension of Tender Offer for All Outstanding Shares of Genco Shipping & Trading
Diana Shipping Inc. Asks: Why is Genco So Afraid of Diana's Tender Offer?