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Diana Shipping Inc   (NYSE: DSX)
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Price: $1.8300 $-0.09 -4.687%
Day's High: $1.915 Week Perf: -1.61 %
Day's Low: $ 1.83 30 Day Perf: -2.14 %
Volume (M): 363 52 Wk High: $ 3.21
Volume (M$): $ 664 52 Wk Avg: $2.51
Open: $1.90 52 Wk Low: $1.73



 Market Capitalization (Millions $) 186
 Shares Outstanding (Millions) 102
 Employees 211
 Revenues (TTM) (Millions $) 262
 Net Income (TTM) (Millions $) 50
 Cash Flow (TTM) (Millions $) 24
 Capital Exp. (TTM) (Millions $) 32

Diana Shipping Inc

Diana Shipping Inc. is a holding company incorporated under the laws of Liberia in March 1999 as Diana Shipping Investments Corp. In February 2005, the Companys articles of incorporation were amended. Under the amended and restated articles of incorporation, the Company was renamed Diana Shipping Inc. and was re-domiciled from the Republic of Liberia to the Marshall Islands. Our executive offices are located at Pendelis 16, 175 64 Palaio Faliro, Athens, Greece. Our telephone number at this address is +30-210-947-0100. Our agent and authorized representative in the United States is our wholly-owned subsidiary, Bulk Carriers (USA) LLC, established in September 2006, in the State of Delaware, which is located at 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808.

We are a global provider of shipping transportation services. We specialize in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. Currently, our operating fleet consists of 40 dry bulk carriers, of which 20 are Panamax, three are Kamsarmax, three are Post-Panamax, twelve are Capesize and two are Newcastlemax vessels, having a combined carrying capacity of approximately 4.6 million dwt. In addition, we expect to take delivery of three vessels under construction in 2016.

The business of Diana Shipping Inc. is the ownership of dry bulk vessels. The parent holding company wholly owns, directly or indirectly, the subsidiaries which own the vessels that comprise our fleet. The holding company sets general overall direction for the company and interfaces with various financial markets. The commercial and technical management of our fleet, as well as providing administrative services relating to the fleets operations, are carried out by our wholly-owned subsidiary, Diana Shipping Services S.A., which we refer to as DSS, or our fleet manager. In exchange for providing us with commercial and technical services, personnel and office space, we pay our fleet manager a commission that is equal to 2% of our revenues, a fixed management fee of $15,000 per month for each vessel in operation and a fixed monthly fee of $7,500 for vessels under construction and for laid up vessels. The administrative services of Diana Shipping Inc and its subsidiaries are also carried out by DSS. On October 1, 2013, Diana Shipping Inc., entered into an agreement with DSS for the provision of administrative services for a fixed monthly fee of $10,000. Such services may include budgeting, reporting, monitoring of bank accounts, compliance with banks, payroll services and any other possible service that Diana Shipping Inc. or its subsidiaries would require to perform their operations. The amounts deriving from these agreements with DSS are considered inter-company transactions and, therefore, are eliminated from our consolidated financial statements.

The global dry bulk carrier fleet could be divided into seven categories based on a vessels carrying capacity. These categories consist of:

Very Large Ore Carriers (VLOC). Very large ore carriers have a carrying capacity of more than 200,000 dwt and are a comparatively new sector of the dry bulk carrier fleet. VLOCs are built to exploit economies of scale on long-haul iron ore routes.

Capesize. Capesize vessels have a carrying capacity of 110,000-199,999 dwt. Only the largest ports around the world possess the infrastructure to accommodate vessels of this size. Capesize vessels are primarily used to transport iron ore or coal and, to a much lesser extent, grains, primarily on long-haul routes.

Post-Panamax. Post-Panamax vessels have a carrying capacity of 80,000-109,999 dwt. These vessels tend to have a shallower draft and larger beam than a standard Panamax vessel with a higher cargo capacity. These vessels have been designed specifically for loading high cubic cargoes from draught restricted ports, although they cannot transit the Panama Canal.

Panamax. Panamax vessels have a carrying capacity of 60,000-79,999 dwt. These vessels carry coal, iron ore, grains, and, to a lesser extent, minor bulks, including steel products, cement and fertilizers. Panamax vessels are able to pass through the Panama Canal, making them more versatile than larger vessels with regard to accessing different trade routes. Most Panamax and Post-Panamax vessels are "gearless," and therefore must be served by shore-based cargo handling equipment. However, there are a small number of geared vessels with onboard cranes, a feature that enhances trading flexibility and enables operation in ports which have poor infrastructure in terms of loading and unloading facilities.

Handymax/Supramax. Handymax vessels have a carrying capacity of 40,000-59,999 dwt. These vessels operate in a large number of geographically dispersed global trade routes, carrying primarily grains and minor bulks. Within the Handymax category there is also a sub-sector known as Supramax. Supramax bulk carriers are ships between 50,000 to 59,999 dwt, normally offering cargo loading and unloading flexibility with on-board cranes, or "gear," while at the same time possessing the cargo carrying capability approaching conventional Panamax bulk carriers.

Handysize. Handysize vessels have a carrying capacity of up to 39,999 dwt. These vessels are primarily involved in carrying minor bulk cargoes. Increasingly, ships of this type operate within regional trading routes, and may serve as trans-shipment feeders for larger vessels. Handysize vessels are well suited for small ports with length and draft restrictions. Their cargo gear enables them to service ports lacking the infrastructure for cargo loading and unloading.

 



   Company Address: Pendelis 16 Athens 175
   Company Phone Number: 9470-100   Stock Exchange / Ticker: NYSE DSX


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Stock Performances by Major Competitors

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Stock Market Announcement

Diana Shipping Inc. Anchors Strategic Share Buyback Amid Stock Slump,

Published Tue, Jan 7 2025 10:25 AM UTC

ATHENS, Greece, Jan. 07, 2025 Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, has officially announced the final results of its self-tender offer to repurchase up to 15,000,000 shares of its common stock at a price of $2.00 per share. The tender offer, which concluded on December 31, 2024...

Stock Market Announcement

Diana Shipping Inc. Initiates $30 Million Share Buyback Amid Strong Market Confidence and Financial Strategy,

Published Thu, Jan 2 2025 1:55 PM UTC

Diana Shipping Inc. Advances Strategic Share Buyback Amid Solid Financial Position and Optimistic Market OutlookIn a significant move reflecting its robust cash position and commitment to shareholder value, Diana Shipping Inc. (NYSE: DSX) has commenced a self-tender offer aimed at repurchasing up to 15 million shares of its common stock at a price of $2.00 per share. This in...

Contract

Navigating New Waters Diana Shipping Inc. Solidifies Market Position with Strategic Charter Agreements,

Published Sun, Dec 29 2024 7:12 PM UTC

Diana Shipping Inc.: Navigating New Horizons with Strategic Charter Contracts Amid Global Market Dynamics In a world where the maritime industry plays a pivotal role in global trade, Diana Shipping Inc. (NYSE: DSX), a prominent name in the shipping sector, has recently made significant strides by securing a series of new time charter contracts for its dry bulk vessels. Based...

Contract

Charting New Waters Diana Shipping Inc.?s Strategic Moves in the Dry Bulk Charter Market

Published Sat, Dec 28 2024 2:55 AM UTC

In a series of recent announcements that underscore its strategic agility in the competitive shipping sector, Diana Shipping Inc. (NYSE: DSX) has secured lucrative time charter contracts for three of its key dry bulk vessels. This flurry of activity not only strengthens the company s short- to medium-term revenue streams but also indicates its adaptability amid fluctuating m...

Contract

Diana Shipping Inc. Charting a Course in Uncertain Waters with Time Charter Extension,

Published Tue, Dec 24 2024 2:25 PM UTC

In a strategic move to bolster its operational foundation, Diana Shipping Inc. (NYSE: DSX), a prominent player in the dry bulk shipping sector, has announced the direct continuation of its time charter contract for the m/v Amphitrite. As the company navigates through fluctuating market conditions, this extension represents a calculated step forward.The Athens-based firm, ren...










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