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Diana Shipping
(NYSE:DSX)
Diana Shipping (DSX) vs. SPDR S&P 500 ETF (SPY)
Diana Shipping Business Overview & Revenue Model
Diana Shipping Earnings Call Summary
Diana Shipping Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 224.19M | 228.21M | 262.10M | 289.97M | 214.20M | 169.73M |
| Gross Profit | 96.46M | 132.01M | 113.21M | 167.67M | 93.39M | 27.37M |
| EBITDA | 105.14M | 97.90M | 148.96M | 188.91M | 120.89M | -68.00M |
| Net Income | 20.99M | 12.75M | 49.84M | 119.06M | 57.39M | -134.20M |
Balance Sheet | ||||||
| Total Assets | 1.13B | 1.17B | 1.17B | 1.18B | 842.16M | 872.41M |
| Cash, Cash Equivalents and Short-Term Investments | 149.60M | 188.17M | 162.32M | 122.93M | 126.79M | 82.91M |
| Total Debt | 610.21M | 637.52M | 642.77M | 663.44M | 423.68M | 420.31M |
| Total Liabilities | 638.37M | 665.96M | 677.39M | 695.59M | 448.75M | 443.84M |
| Stockholders Equity | 492.84M | 505.06M | 489.02M | 487.33M | 393.40M | 428.57M |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 59.30M | 38.64M | -72.11M | 70.71M | 11.10M |
| Operating Cash Flow | 28.22M | 83.53M | 70.38M | 158.86M | 89.70M | 17.23M |
| Investing Cash Flow | -25.66M | -39.78M | 24.93M | -273.10M | 13.36M | 10.48M |
| Financing Cash Flow | 20.75M | -21.67M | -71.14M | 84.88M | -59.19M | -73.10M |
Diana Shipping Technical Analysis
Diana Shipping Risk Analysis
Diana Shipping Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $239.62M | 3.79 | 9.68% | ― | 13.82% | -10.37% | |
75 Outperform | $388.66M | 3.26 | 32.88% | 4.69% | 7.73% | 0.50% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | $197.97M | 13.11 | 4.23% | 2.34% | -4.90% | 21.09% | |
59 Neutral | $172.03M | 10.88 | 5.93% | 5.59% | 1.66% | -46.13% | |
49 Neutral | $24.29M | -4.12 | -3.35% | ― | 11.80% | -186.40% | |
46 Neutral | $20.10M | -0.64 | -8.88% | ― | -19.63% | -144.86% |
Diana Shipping Corporate Events
On October 22, 2025, Diana Shipping Inc. announced the extension of a time charter contract for its Capesize dry bulk vessel, the m/v Semirio, with Solebay Shipping Cape Company Limited, Hong Kong. The new charter period, commencing on March 15, 2026, will see an increased gross charter rate of $21,650 per day. Additionally, Diana Shipping entered into a new time charter contract for its Panamax vessel, the m/v Maera, with CRC Shipping Pte. Ltd., Singapore, starting November 2, 2025, at a gross rate of $11,750 per day. These contracts are expected to generate approximately $10.93 million in gross revenue, enhancing the company’s operational revenue and market positioning.
On October 15, 2025, Diana Shipping Inc. announced a new time charter contract with SwissMarine Pte. Ltd. for its Capesize dry bulk vessel, the m/v New Orleans. The contract, commencing on October 28, 2025, is set at a gross charter rate of $26,000 per day, minus a 5% commission, and is expected to generate approximately $10.22 million in gross revenue for the minimum period of the charter. This move is part of Diana Shipping’s ongoing strategy to optimize its fleet operations and enhance revenue generation, strengthening its position in the global shipping industry.
On September 29, 2025, Diana Shipping Inc. successfully signed a US$55.0 million six-year secured term loan facility with National Bank of Greece S.A., which was fully drawn down immediately. This strategic move, secured by five vessels, aims to optimize the company’s capital structure and enhance its operational and investment flexibility, reflecting its commitment to maintaining a robust financial position in the global shipping industry.
On September 29, 2025, Diana Shipping Inc. announced a new time charter contract for its Ultramax dry bulk vessel, the m/v DSI Aquila, with Bunge SA, Geneva. The charter, commencing on October 12, 2025, is set at a gross rate of $14,500 per day, minus a 5% commission, and is expected to generate approximately $7.15 million in gross revenue for the minimum scheduled period. This contract reflects Diana Shipping’s strategic efforts to optimize its fleet utilization and strengthen its market position in the dry bulk shipping industry.
On September 22, 2025, Diana Shipping Inc. announced the release of its Environmental, Social and Governance (ESG) Report for the year ending December 31, 2024. The report outlines the company’s policies and practices related to its ESG commitments, emphasizing its dedication to sustainability, equity, and strategic growth. This release highlights the company’s focus on long-term innovation and positions its workforce as a key competitive advantage.
On September 23, 2025, Diana Shipping Inc. announced a new time charter contract with Nippon Yusen Kabushiki Kaisha for its Kamsarmax dry bulk vessel, the m/v Leonidas P. C. The contract, commencing on September 24, 2025, is expected to generate approximately $4.93 million in gross revenue for the minimum scheduled period. This move is part of Diana Shipping’s strategy to enhance its operational capacity and market positioning in the global dry bulk shipping industry.
On September 18, 2025, Diana Shipping Inc. announced the sale of its 2016-built Ultramax dry bulk vessel, m/v DSI Drammen, to an unaffiliated third party for approximately $26.86 million. This transaction, expected to be completed by October 31, 2025, is part of a limited partnership where Diana Shipping holds a 25% interest. This sale reflects the company’s strategic fleet management and could impact its operational capacity and market positioning.
Diana Shipping Inc. released its unaudited interim consolidated financial statements for the six months ending June 30, 2025. The report highlights the company’s fleet employment details as of September 12, 2025, showcasing various vessels under time charters with different charterers. These charters involve fixed daily rates and the charterers bearing voyage expenses, while Diana Shipping manages operating costs. The report provides insights into the company’s operational strategies and market positioning, indicating a stable and diversified chartering approach that supports its financial performance.
On August 13, 2025, Diana Shipping Inc. announced a time charter contract with Oldendorff Carriers GmbH & Co. KG for its Post-Panamax dry bulk vessel, m/v Polymnia. The contract, set to commence on August 17, 2025, is expected to generate approximately $3.28 million in gross revenue for the minimum scheduled period, enhancing the company’s operational capacity and market presence in the dry bulk shipping industry.
On August 8, 2025, Diana Shipping Inc. announced a time charter contract with Cargill Ocean Transportation for its Ultramax dry bulk vessel, the m/v DSI Pegasus. The charter, commencing on August 15, 2025, is expected to generate approximately $3.92 million in gross revenue for the minimum scheduled period. This agreement enhances Diana Shipping’s operational capacity and market presence, potentially impacting its financial performance positively.
On July 30, 2025, Diana Shipping Inc. released an investor presentation as part of its ongoing communication with stakeholders. This presentation is part of the company’s efforts to maintain transparency and provide updates on its operations and strategic direction, which could impact its market positioning and stakeholder relations.
On July 30, 2025, Diana Shipping Inc. announced its financial results for the second quarter ending June 30, 2025, reporting a net income of $4.5 million, a significant improvement from a net loss of $2.8 million in the same quarter of 2024. The company also declared a cash dividend of $0.01 per share for the second quarter of 2025, payable on September 11, 2025. Despite a slight decrease in time charter revenues compared to the previous year, the company managed to increase its earnings per share to $0.03, reflecting better financial performance and operational efficiency.
On July 28, 2025, Diana Shipping Inc. announced a new time charter contract for its Kamsarmax dry bulk vessel, the m/v Astarte, with Propel Shipping Pte. Ltd. The charter, commencing on August 2, 2025, is set at a gross rate of $12,500 per day, minus a 5% commission, and is expected to generate approximately $4.68 million in gross revenue for the minimum period. This move is part of Diana Shipping’s strategy to enhance its fleet utilization and revenue generation, reflecting its robust positioning in the dry bulk shipping industry.
On July 25, 2025, Diana Shipping Inc. announced a new time charter contract with Cargill Ocean Transportation for its Ultramax dry bulk vessel, the m/v DSI Phoenix. The charter, set to commence on August 3, 2025, is expected to generate approximately $5.64 million in gross revenue for the company during the minimum scheduled period. This strategic move enhances Diana Shipping’s operational capacity and strengthens its market position in the global dry bulk shipping industry.