Sector: Industrials | Industry: Marine Freight & Logistics |
Company Contact | |
Address: | 175 64 Palaio Faliro, Pendelis 16 ATHINA 00000 |
Tel: | 1-203-9728350 |
Website: | https://www.dianashippinginc.com |
IR: | See website |
Key People | ||
Symeon P. Palios Chairman of the Board | Anastasios C. Margaronis President, Director | Semiramis Paliou Chief Executive Officer, Director |
Ioannis G. Zafirakis Chief Financial Officer, Chief Strategy Officer, Treasurer, Company Secretary, Director | Maria-Christina Tsemani Chief People Officer | Maria Dede Chief Accounting Officer | Margarita Veniou Chief Corporate Development, Governance and Communications Officer |
Business Overview |
Diana Shipping Inc. is a Greece-based global provider of shipping transportation services. The Company specializes in the ownership and bareboat charter-in of dry bulk vessels. The Company's operating fleet consists of 40 dry bulk vessels, including 4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax, and 6 Ultramax. Its fleet combined carrying capacity is approximately 4.7 million deadweight tonnage (dwt) with a weighted average age of 10.16 years. The Company's fleet is managed by its wholly-owned subsidiary Diana Shipping Services S.A. and its established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited. |
Financial Overview |
For the fiscal year ended 31 December 2023, Diana Shipping Inc revenues decreased 10% to $262.1M. Net income applicable to common stockholders decreased 61% to $44.1M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Depreciation and amortization of deferre increase of 15% to $49.8M (expense), Insurance Recoveries decrease from $1.8M (income) to $0K. |