Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Diana Shipping Inc (N:DSX)

Business Focus: Deep Sea Freight

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.