Diana Shipping

Greek shipowner and operator Diana Shipping is selling 2006 built panamax bulk carrier 74K DWT MV Coronis for around $7 million. Diana Shipping has not revealed the name of the buyer. MV Coronis will be delivered to the buyer in January 2021. Currently, Simeon Palios’s daughter Semiramis Paliou led Diana Shipping chartered out MV Coronis to Koch Shipping for $8,000 per day. In June 2020, New York-listed shipowner and operator Diana Shipping sold 2007 built panamax bulk carrier 73K DWT MV Arethusa for around $7.8 million to Castor Maritime. In 2019, Diana Shipping sold six (6) panamax bulk carriers. Currently, Athens-based shipowner and operator Diana Shipping has a fleet of 4 newcastlemax, 13 capesize, 5 post-panamax, 5 kamsarmaxes, and 12 panamax bulk carriers. 15-September-2020

 

Simeon Palios’s daughter Semiramis Paliou led Diana Shipping has spent $8 million in buying back outstanding bonds that are due to mature in September 2023. In September 2018, Diana Shipping raised $100 million when the company issued the bonds. NASDAQ listed shipowner and operator Diana Shipping has repurchased its senior unsecured bonds in its 18/23 bond issue. In Q1 2020, Diana Shipping had $111 million in available cash to buy back its bonds. At the beginning of July 2020, Diana Shipping has extended a bank loan and sold a panamax bulk carrier, Diana Shipping now has no debt maturities until 2022. Athens-based shipowner and operator Diana Shipping bought back $58 million worth of its shares during 2019. Diana Shipping will be buying shares when the share price is below net asset value (NAV). 6-July-2020

 

Simeon Palios’s daughter Semiramis Paliou led Diana Shipping continues charter-out 2013 built panamax bulk carrier 87K DWT MV Phaidra to Uniper Global Commodities for another year at $9,400 per day. Last year, MV Phaidra was chartered out to Uniper Global Commodities for a year at $10,000 per day. Panamax charter rates decreased due to coronavirus recession. Currently, panamax bulk carriers earn $6,991 per day on average. End of May, Diana Shipping chartered out 2014 built panamax bulk carrier 77K DWT MV Crystalia to Glencore Agriculture for a year at $8,750 per day. Last year, MV MV Crystalia was chartered out to Glencore Agriculture for a year at $10,000 per day. NASDAQ listed shipowner and operator has a fleet of 41 bulk carriers. 31-May-2020

 

Simeon Palios’s daughter Semiramis Paliou led Diana Shipping has continued chartering out 2013 built kamsarmax bulk carrier 82K DWT MV Myrto to Cargill till June 2021 at $10,000 per day. Previously, Diana Shipping chartered out MV Myrto to Cargill for nine (9) months. Diana Shipping expects to earn around $4.48 million from kamsarmax bulk carrier MV Myrto charter deal. Currently, kamsarmax bulk carriers are earning $6,813 per day on an average time charter equivalent, down from $9,610 per day on 7 March 2020. Besides kamsarmax bulk carrier MV Myrto, Cargill has chartered in two (2) panamax, one (1) kamsarmax, one (1) post-panamax, and two (2) capesize bulk carriers from New York-listed Diana Shipping. 1-April-2020

 

Uniper Global Commodities extended panamax bulk carrier charter by around a year. Uniper Global Commodities extended existing time chartered 2014 built panamax bulk carrier 77K DWT MV Atalandi from Diana Shipping at $12,250 per day. Previously, Uniper Global Commodities was paying 10% more per day. MV Atalandi employment is anticipated to generate approximately $4 million of gross revenue to New York-listed Diana Shipping. Panamax bulk carriers time charter spot rates are climbing. In April 2018, Germany based commodity trader Uniper Global Commodities chartered in ice-class panamax bulk carrier 77K DWT MV Atalandi from Diana Shipping for $13,500 per day. Recently, New York-listed Diana Shipping started a tender offer to buy back shares. 1-July-2019

 

Simeon Palios led Greek shipowner Diana Shipping chartered out 2007 built capesize dry bulk carrier 174K DWT MV Semirio to giant Swiss commodity trader Cargill for $16K per day. Diana Shipping chartered out capesize dry bulk carrier when capesize rates are on an upward trend. Cargill chartered in capesize dry bulk carrier 174K DWT MV Semirio for 15 months which will produce gross expected revenue of $7.2 million. Currently, the Average Time Charter rate on a one-year fixture for 170K DWT capesize dry bulk carrier has increased 44% to $17,250 per day since April 2019. In March 2019, Greek shipowner Diana Shipping chartered out another 2005 built capesize dry bulk carrier 171K DWT MV Salt Lake City for two-year period to Cargill. Simeon Palios led Greek shipowner Diana Shipping has a fleet of 44 dry bulk carriers. 30-June-2019

 

Simeon Palios-led New York-listed dry bulk shipowner and operator Diana Shipping chartered out 2010 kamsarmax dry bulk carrier 82K DWT MV Myrsini at $12,750 per day for 10 to 12 months to Glencore Agriculture. Diana Shipping is expected to earn around $3.83 million in revenue. Daily time charter rates for kamsarmax dry bulk carriers are averaging $14,500. Previously, 82K DWT MV Myrsini was chartered out to German electric and gas supplier RWE at $8,650 per day. 24-December-2018

 

New York-listed shipowner and operator Diana Shipping chartered out 2012 built baby capesize dry bulk carrier 98K DWT MV Polymnia to Cargill $16,000 per day for about 17 months. Last year, the world’s largest grain trader Cargill was paying $10,100 per day for MV Polymnia and the new charter rate increased by 60%. MV Polymnia will generate about $6.72 million in gross revenue for the New York-listed shipowner and operator Diana Shipping. Baltic Dry Index is currently around 1422 which is just shy of the 2018 high. Currently, panamax dry bulk carriers are earning around $14,550 per day. 2-July-2018

 

US-listed Diana Shipping chartered out capesize dry bulk carrier to US giant Koch Shipping. Simeon Palios led Diana Shipping chartered out 2013 built capesize dry bulk carrier 179K DWT MV PS Palios for $17,350 per day for about 13 to 15 months. Previously, on May 10 Diana Shipping chartered out another newcastlemax dry bulk carrier to Koch for $24,000 per day. The latest capesize charter will bring an income of around $6.51 million for the minimum period of the charter. According to the Baltic Exchange capesize dry bulk carrier rates fell to $13,867 per day this week. Until so far this year, the lowest capesize dry bulk carrier rate was $7,051 per day on 5 April 2018. US-listed Greek shipowner Diana Shipping’s fleet consists of 50 dry bulk carriers. The total carrying capacity of Diana Shipping’s fleet is approximately 5.8 million DWT. Diana Shipping’s fleet average age is 8.75 years. 22-May-2018

 

US-listed Diana Shipping chartered out 2013 built kamsarmax dry bulk carrier 82K DWT MV Mytro at $14,000 per day for a year period to giant American grain trader Cargill. Previously, Diana Shipping chartered out MV Mytro at $8,000 per day for a year for fifteen months. In 2012, US-listed Diana Shipping acquired MV Mytro for $26.5 million. 16-April-2018

 

Greek shipowner and operator Diana Shipping chartered out 2005 built capesize dry bulk carrier 180K DWT MV Aliki for $18,000 per day for 2 years to SwissMarine. New York-listed Diana Shipping is going to earn $10.8 million in gross revenue for chartering out MV Aliki for 2 years to Glencore-backed charterer and operator SwissMarine. SwissMarine hired the same capesize dry bulk carrier MV Aliki in 2017 for $10,300 per day. In Q1 2018, SwissMarine has chartered in 6 capesize dry bulk carriers for the period. 27-March-2018

 

New York listed Diana Shipping chartered out 2015 built capesize dry bulk carrier 180K DWT MV New Orleans at $21,000 per day to SwissMarine for a year. Capesize dry bulk carrier time-charter rates break above the $20,000 per day mark for the second time in Q1 2018. Previously, MV New Orleans was chartered out to Koch Shipping for $11,250 per day. Meanwhile, Koch Shipping chartered in 2013 built capesize dry bulk carrier 206K DWT MV FPMC B Kingdom for 10 months at $21,300 per day. According to Clarksons database one-year period capesize time-charter rates at $20,375 per day. Capesize spot voyage rates still remain on the mat for 2018, having fallen nearly 70% since mid-December 2017 to an average of $8,880 per day currently. Capzesize weakness in the spot market comes as Brazilian mining giant Vale iron ore exports dropped 11 million tonnes in the first 11 weeks of 2018 compared to the year-earlier period due to weather and port maintenance activity. Chinese import activity was also decreased for the period straddling through the end of the Chinese New Year. Capzesize weakness in the spot market is also due to current stockpiles in China. Chinese’s National Bureau of Statistics shows construction demand to be robust in January and February of 2018. Capzesize dry bulk market current softness in Chinese demand is temporary, demand will pick up in the coming months of 2018. 22-March-2018

 

US-listed shipowner and operator Diana Shipping chartered out 2007 built capesize dry bulk carrier 177K DWT MV Boston to EGBN Bulk Carrier at $17,000 per day for 16 to 19 months. 20-December-2017

 

US-listed shipowner and operator Diana Shipping chartered out 1 kamsarmax dry bulk carrier and 2 panamax dry bulk carriers. Diana Shipping chartered out 2010 built 82K DWT M/V Medusa to Cargill for a year for $10,000 per day. Diana Shipping chartered out 2006 built 76K DWT M/V Artemis to Ausca Shipping for a year for $8,350 per day. Diana Shipping also chartered out 2004 built 73K DWT M/V Thetis to Ausca Shipping for a year for $8,350 per day. Diana Shipping will approximately earn around $9.85 million from these charters. 12-July-2017

 

Greek shipowner and operator Diana Shipping has chartered out panamax dry bulk carrier 2004 built 73K M/V Protefs at $7,900 per day for a year to Hudson Shipping. Previously, M/V Protefs was chartered out to Transgrain Shipping at $4,500 per day. Greek shipowner and operator Diana Shipping will generate around $2.84 million of gross income. Baltic Dry Index daily rate for panamax dry bulk carriers is $8,151. 20-June-2017

 

Greek shipowner and operator Diana Shipping chartered out 2010 built capesize dry carrier 178K DWT M/V New York at for 6 months at $14,450 per day to US-based Koch  Shipping. In 2016, M/V New York was chartered out to Rio Tinto for 1 year at $5,200 per day. 7-May-2017

 

JP Morgan analysts commented about the latest dry bulk index recovery and says dry cargo recovery is real. According to JP Morgan analysts, dry bulk rates will increase and strengthen. JP Morgan analysts commented that new sulfur emissions regulations arriving in three years’ time and a major slice of the fleet hitting scrap age early in the next decade as providing dry bulk significant tailwinds in the 2020s. JP Morgan upgraded New York-listed Diana Shipping and Golden Ocean to overweight. JP Morgan analysts mentioned that Diana Shipping is still undervalued. 9-April-2017

 

New York-listed shipowner Diana Shipping chartered out 2011 built panamax dry bulk carrier 75K DWT M/V Diona for $7,200 per day on 1-year charter. $7,200 per day is in line with present spot market conditions for panamax dry bulk carriers. 2-March-2017

 

New York-listed Diana Shipping has chartered out 2013 built panamax dry bulk carrier 77K DWT M/V Ismene to Glencore at $5,850 per day for a year. MV Ismene was earning $7,825 per day previously from Glencore for the past 3 months. 21-August-2016

 

Greek bulk owner Diana Shipping chartered out a 2013 built panamax bulk carrier 77K DWT M/V Ismene to Glencore for $5,850 per day for one year. In March 2016, Glencore chartered in M/V Ismene for a daily rate of $7,825. 12-August-2016

 

Diana Shipping has fixed out 2004 built panamax bulk carrier M/V Protefs 73K DWT to Transgrain for a year at $4,500 per day. M/V Protefs was earning $6,250 per day from Glencore in 2015. Shorter panamax charter rates of five to eight months is paying a bit more. 2015 built bulk carrier 82K DWT M/V Pedhoulas Cherry has been fixed at $5,500 per day. Spot rates for panamax bulk carriers were also unchanged standing at $2,800 per day midweek. 29-February-2016