Athens-based New York-listed shipowner and operator Diana Shipping (DSX) chartered out 2011 built kamsarmax bulk carrier 82K DWT MV Leonidas PC to ship operator Cargill Ocean Transportation for around one (1) year. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) will be receiving around $5.61 million total from ship operator Cargill Ocean Transportation. Currently, Athens-based New York-listed shipowner and operator Diana Shipping (DSX) owns and operates 41 bulk carriers. 17-March-2023
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) chartered out 2017 built newcastlemax bulk carrier 208K DWT MV San Francisco to ship operator SwissMarine for two (2) years. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) will be receiving $22,000 per day from ship operator SwissMarine. Currently, New York-listed shipowner and operator Diana Shipping (DSX) has four (4) newcastlemax bulk carriers in the fleet. 2017 built newcastlemax bulk carrier 208K DWT MV San Francisco will not be earning as much per day as the bulk carriers did on a one-year charter ending next week. Athens-based New York-listed shipowner and operator Diana Shipping (DSX) will be earning around $15 million from the MV San Francisco deal. Last year, Diana Shipping (DSX) chartered out 2017 built newcastlemax bulk carrier 208K DWT MV San Francisco to Koch Supply and Trading’s ship chartering arm Koch Shipping Pte Ltd for $30,500 per day. Currently, capesize charter rates are around $14,500 per day for long-term. Currently, Athens-based shipowner and operator Diana Shipping (DSX) owns and operates 41 bulk carriers. 13-February-2023
Nasdaq Stock Market (Nasdaq)-listed shipowner and operator OceanPalmakes public share offer in a bid to raise $15 million. In October 2021, Diana Shipping (DSX) spun off three (3) of its vintage bulk carriers into a separately listed company named OceanPal. Robert Perri-led shipowner and operator OceanPal is looking to sell some equity with the expectancy of making $15 million. Athens-based New York-listed shipowner and operator Diana Shipping (DSX) spun off OceanPal priced the public offering of 15 million common shares at $1.01 each. Each OceanPal stock may be purchased as either a common share or a pre-funded warrant or a Class B warrant to buy one common share. Currently, Athens-based shipowner and operator Diana Shipping (DSX) owns and operates 35 bulk carriers. 8-February-2023
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) chartered out 2014 built panamax bulk carrier 77K DWT MV Atalandi to Aquavita International for between 13 months and 15 months at $13,250 per day. Furthermore, Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) chartered out 2010 built kamsarmax bulk carrier 81K DWT MV Atalandi to Cargill International. Nasdaq Stock Market (Nasdaq)-listed shipowner and operator Diana Shipping (DSX) will earn about $11 million from the charter deals. Diana Shipping (DSX) will be earning much lower charter rates in the sluggish shipping market. Currently, Athens-based shipowner and operator Diana Shipping (DSX) owns and operates 35 bulk carriers. 30-January-2023
Nasdaq Stock Market (Nasdaq)-listed OceanPal, Diana Shipping’s (DSX) new separate sister company, plans 1-for-10 reverse stock split in bid to keep listing at Nasdaq Stock Market (Nasdaq). In October 2021, Diana Shipping (DSX) spun off three (3) of its vintage bulk carriers into a separately listed company named OceanPal. However, OceanPal’s ’s share price has been below Nasdaq Stock Market’s (Nasdaq) minimum bid-price requirement of $1 for 2021. Semiramis Paliou manages Diana Shipping (DSX) and OceanPal at the same time. In 2021, Diana Shipping (DSX) sold three (3) vintage bulk carriers into a separate sister company called OceanPal. OceanPal began the venture on pleasant terms with the company’s shareholders. Diana Shipping’s (DSX) shareholders received one share of OceanPal stock for every 10 shares of Diana Shipping’s (DSX) stock via direct distribution of all OceanPal shares. 1-for-10 reverse stock split to prevent OceanPal shares from delisting on the Nasdaq Stock Market (Nasdaq). Nasdaq Stock Market (Nasdaq)-listed OceanPal’s BOD (Board of Directors) and shareholders endorsed reverse stock split plan at an AGM (annual general meeting) held on 5 April 2022. OceanPal’s 1-for-10 reverse stock split will become effective on Wednesday. Nasdaq Stock Market (Nasdaq)-listed OceanPal’s number of outstanding common shares will fall to 10.2 million. In October 2021, Diana Shipping (DSX) spun off three (3) of its vintage bulk carriers into a separately listed company named OceanPal. Currently, Athens-based shipowner and operator Diana Shipping (DSX) owns and operates 35 bulk carriers. 24-December-2022
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) chartered out three (3) bulk carriers to different ship operators. Diana Shipping (DSX) chartered out 2017 built ultramax bulk carrier 60K DWT MV DSI Phoenix to Hong Kong-based ASL Bulk Marine at $13,250 per day for 16 months to 18 months. Diana Shipping (DSX) chartered out 2012 built post-panamax bulk carrier 98K DWT MV Amphitrite to Luxembourg-based Cobelfret at $14,250 per day for 13 months. Diana Shipping (DSX) chartered out 2014 built panamax bulk carrier 77K DWT MV Crystalia to Singapore-based Reachy Shipping at $12,500 per day. The latest time-charter contracts indicate that period rates are eroding. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) will earn around $15 million from the trio deal. Previously, Athens-based New York-listed shipowner and operator Diana Shipping (DSX) signed charter deals for two (2) bulk carriers that reflected similar trends. Currently, Athens-based shipowner and operator Diana Shipping (DSX) owns and operates 36 bulk carriers. 7-November-2022
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) chartered out 2015 built ultramax bulk carrier 60K DWT MV DSI Pollux to Delta Corp Shipping at $17,000 per day for 14 months to 16 months. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) will earn around $7 million from the deal. The ultramax bulk carrier sector has been on the rise in recent weeks. Currently, Athens-based shipowner and operator Diana Shipping (DSX) owns and operates 36 bulk carriers. 31-October-2022
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) has signed up for a $200 million loan to finance the company’s acquisition of a series of ultramax bulk carriers from Sea Trade Holdings. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) expressed the term loan will be delivered by Nordea Bank. Diana Shipping (DSX) CFO Ioannis Zafirakis expressed more details will be seen in the next securities filings. 10-October-2022
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) sold MV New Orleans and MV Santa Barbara in a sale and leaseback deal to an unrevealed Japanese financial institution. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) sold 2015 built capesize bulk carrier 180K DWT MV New Orleans and 2015 built capesize bulk carrier 180K DWT MV Santa Barbara for around $66 million in a sale and leaseback agreement. Diana Shipping (DSX) will bareboat charter the MV New Orleans and MV Santa Barbara for eight (6) years. Furthermore, Diana Shipping (DSX) may purchase the ships back after the third year of the agreement. Currently, Athens-based shipowner and operator Diana Shipping (DSX) owns and operates 43 bulk carriers. 19-August-2022
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) claps back at criticism that the company overpaid for the Sea Trade Holdings’ fleet. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) is thrilled about the company’s new $330 million fleet purchase from Sea Trade Holdings and skeptical over analysis that Diana Shipping (DSX) has paid too much for the ultramax bulk carriers. No charters attached to the Sea Trade Holdings controlled ultramax bulk carriers as the ultramax bulk carriers join Diana Shipping’s (DSX) fleet in Q4 2022. In Q4 2022, New York-listed shipowner and operator Diana Shipping (DSX) entered into the ultramax segment with the nine (9) ultramax bulk carriers purchase. Diana Shipping (DSX) believes it’s a significant deal and Diana Shipping (DSX) is extremely pleased about the purchase. At the beginning of 2022, Athens-based shipowner and operator Diana Shipping (DSX) sold three (3) vintage bulk carriers into a separate sister company called OceanPal. In October 2021, Diana Shipping (DSX) planned to spin off three (3) of its vintage bulk carriers into a separately listed company named OceanPal. 15-August-2022
Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) is thrilled about the company’s new $330 million fleet purchase from Sea Trade Holdings. Shipping market veterans are skeptical over the analysis that Diana Shipping (DSX) has paid too much for the nine (9) ultramax bulk carriers. Shipping market veterans raised eyebrows over the average $36.6 million Athens-based New York-listed shipowner and operator Diana Shipping (DSX) is paying for nine Sea Trade Holdings nine (9) ultramax bulk carriers built between 2015 and 2018. Currently, the online platform Vessels Value assessed one Japanese-built ultramax bulk carrier priced at $31.3 million. Shipping market veterans are questioning if the Athens-based New York-listed shipowner and operator Diana Shipping (DSX) overpay for Sea Trade Holdings’ nine (9) ultramax bulk carriers bonanza. Diana Shipping (DSX) used shares below NAV (net asset value ) which problematizes what may already be a price premium. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) completed the biggest ultramax segment S&P (Sale-and-Purchase) transaction of summer 2022. 13-August-2022
Athens-based New York-listed shipowner and operator Diana Shipping (DSX) acquired nine (9) ultramax bulk carriers from Sea Trade Holdings for around $330 million. The private shipowner Sea Trade Holdings sold its entire ultramax fleet after projects to launch New York IPO (Initial Public Offering) never came to realization. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) has completed a bold move into the ultramax bulk carrier segment with a $330 million strike for nine (9) bulk carriers from the fleet of private shipowner Sea Trade Holdings. Athens-based New York-listed shipowner and operator Diana Shipping (DSX) acquired Connecticut-based Sea Trade Holdings’ entire fleet. Previously, Sea Trade Holdings had plans to launch a public company in New York. However, Sea Trade Holdings’ IPO (Initial Public Offering) has never materialized. 11-August-2022
New York-listed shipowner and operator Diana Shipping (DSX) sold 2022 built capesize bulk carrier 181K DWT MV Florida for an approximately $50 million sale and leaseback deal to a Japanese player. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) bareboat chartered in 2022 built capesize bulk carrier 181K DWT MV Florida for 10 years with purchase options in 2025. 2022 built capesize bulk carrier 181K DWT MV Florida was constructed at Namura Shipbuilding. In December 2021, New York-listed shipowner and operator Diana Shipping (DSX) acquired the capesize bulk carrier 181K DWT MV Florida in a resale deal for approximately $60 million. Capesize bulk carrier 181K DWT MV Florida first capesize acquisition of Diana Shipping (DSX) since 2016. Diana Shipping (DSX) chartered out 2022 built capesize bulk carrier 181K DWT MV Florida to Bunge at $25,900 per day for five years. Athens-based shipowner and operator Diana Shipping (DSX) reported a $57 million profit for 2021. New York-listed shipowner and operator Diana Shipping (DSX) has doubled the company’s quarterly dividend to $0.20 per share. Recently, Athens-based shipowner and operator Diana Shipping (DSX) sold three (3) vintage bulk carriers into a separate sister company called OceanPal. In October 2021, Diana Shipping (DSX) planned to spin off three (3) of its vintage bulk carriers into a separately listed company named OceanPal. Currently, Athens-based shipowner and operator Diana Shipping (DSX) owns and operates 34 bulk carriers. 23-March-2022
Nasdaq-listed OceanPal, Diana Shipping’s (DSX) new separate sister company, allocated a $0.05 dividend for Q4 2021. Last year, Diana Shipping (DSX) sold three (3) vintage bulk carriers into a separate sister company called OceanPal. OceanPal began the venture on pleasant terms with the company’s shareholders. New York-listed shipowner and operator Diana Shipping’s (DSX) shareholders received one share of OceanPal stock for every 10 shares of Diana Shipping’s (DSX) stock via direct distribution of all OceanPal shares. Semiramis Paliou-led Diana Shipping (DSX) and OceanPal at the same time. In Q4 2021, OceanPal reported a net income of $65K. Currently, Nasdaq-listed OceanPal has a market capitalization of approximately $19 million. New York-listed shipowner and operator Diana Shipping (DSX) sold three (3) vintage bulk carriers 2004 built panamax bulk carrier 73K DWT MV Protefs, 2005 built panamax bulk carrier 73K DWT MV Calypso and 2005 built capesize bulk carrier 171K DWT MV Salt Lake City to new separate sister company OceanPal. OceanPal has chartered out 2004 built panamax bulk carrier 73K DWT MV Protefs, 2005 built panamax bulk carrier 73K DWT MV Calypso and 2005 built capesize bulk carrier 171K DWT MV Salt Lake City on short-term time charters. 21-March-2022
New York-listed shipowner and operator Diana Shipping (DSX) reported $41 million in net profit for Q4 2022. Athens-based shipowner and operator Diana Shipping (DSX) sold three (3) vintage bulk carriers into a separate sister company called OceanPal. Diana Shipping (DSX) received $15.3 million from Diana’s spinoff of three (3) into a new separate sister company called OceanPal. Semiramis Paliou-led shipowner and operator Diana Shipping (DSX) doubled the company’s quarterly dividend to $0.20 per share. Diana Shipping (DSX) has already chartered out more than 60% of days on pleasing charters during 2022. In February, Greek shipowner and operator Diana Shipping (DSX) boosted the company’s fleet with a 2011-built kamsarmax bulk carrier. Diana Shipping (DSX) reported revenue of $68 million for Q4 2022. Diana Shipping (DSX) reported a TCE (Time-Charter Equivalent) rate of $21,364 per day per bulk carrier for Q4 2022. Diana Shipping (DSX) reported adjusted earnings per share of $0.32 for Q4 2022. Currently, New York-listed shipowner and operator Diana Shipping (DSX) owns and operates 35 bulk carriers. 25-February-2022
New York-listed shipowner and operator Diana Shipping (DSX) charter out 2013 built kamsarmax bulk carrier 81K DWT MV Astarte to Singapore-based bulker operator Tongli Shipping for around $21,500 per day for 14 months. Semiramis Paliou-led Diana Shipping (DSX) is earning from MV Astarte somewhat more than prevailing spot rates for the panamax sector, which indicates an increasing gap with the period market. Diana Shipping (DSX) charter out MV Astarte came after a storm of period charters in the kamsarmax segment in recent weeks. New York-listed shipowner and operator Diana Shipping (DSX) will earn at least $9.3 million in gross revenue from the MV Astarte charter deal. Singapore-based bulker operator Tongli Shipping chartered in three bulk carriers from Diana Shipping (DSX). Currently, New York-listed shipowner and operator Diana Shipping (DSX) owns and operates 33 bulk carriers. 30-January-2022
New York-listed shipowner and operator Diana Shipping (DSX) distributed a $0.10 dividend to shareholders. In October 2021, Diana Shipping (DSX) planned to spin off three (3) of its vintage bulk carriers into a separately listed company named OceanPal. Diana Shipping (DSX) announced the company would give shareholders one share of OceanPal for every 10 owned shares of Diana Shipping (DSX)once the OceanPal transaction is executed. CFO Ioannis Zafirakis stated that Diana Shipping (DSX) has begun a period where the yields that Diana Shipping (DSX) can contribute to shareholders can be remarkable. Athens-based shipowner and operator Diana Shipping (DSX) reported a $13 million net income in Q3 2021. Diana Shipping (DSX) satisfied shareholders who required a dividend without selling the bulk carriers. New York-listed shipowner and operator Diana Shipping (DSX) inaugurated OceanPal with only three (3) bulk carriers as possibilities to both make more money off vintage, debt-free bulk carriers and establish a new listed owner. Currently, OceanPal’s three (3) bulk carriers are well-maintained cash cows. Currently, New York-listed shipowner and operator Diana Shipping (DSX) does not plan to order newbuilding bulk carriers. 17-November-2021
New York-listed shipowner and operator Diana Shipping (DSX) announced to distribute a $0.10 dividend in approximately two weeks after OceanPal spin-off is performed. Semiramis Paliou-led Diana Shipping (DSX) has reported a $14.7 million net income in Q3 2021. In Q3 2020, Diana Shipping (DSX) reported a $13.2 million net loss. Diana Shipping’s (DSX) first dividend since 2008. Diana Shipping (DSX) has reported a $0.16 earnings per share in Q3 2021. Diana Shipping (DSX) has reported a $57.3 million revenue in Q3 2021. Diana Shipping (DSX) has reported average time-charter equivalent earnings of $17,143 per day in Q3 2021. Athens-based shipowner and operator Diana Shipping (DSX) will spin-off of three (3) vintage bulk carriers into a separate corporation called OceanPal. OceanPal is fully spun off from Diana Shipping (DSX) and filed with the US Securities and Exchange Commission as a listed entity. Currently, New York-listed shipowner and operator Diana Shipping (DSX) has a fleet of 37 bulk carriers. 16-November-2021
New York-listed shipowner and operator Diana Shipping (DSX) announced a $0.10 per share dividend. This would be the first dividend payment of Diana Shipping (DSX) since 2008. Diana Shipping (DSX) will be spinning off vintage ships into a separate Nasdaq-traded company named OceanPal. Diana Shipping’s (DSX) dividend declaration reveals the company’s belief in the current dry bulk market strength. Diana Shipping (DSX) operates bulk carriers primarily on long-term charters which gives the company with further steady incomes. Diana Shipping (DSX) is anticipated the dividend to be retained at $0.10 per share throughout 2022. New York-listed shipowner and operator Diana Shipping (DSX) will follow the peers such as Star Bulk Carriers, Genco Shipping & Trading, and Eagle Bulk Shipping which decided to pay quarterly dividends. New York-listed shipping companies have become more cautious about strengthening the balance sheet first and paying dividends second. Currently, New York-listed shipowner and operator Diana Shipping (DSX) has a fleet of 36 bulk carriers. 20-October-2021
New York-listed shipowner and operator Diana Shipping (DSX) will spin off three (3) vintage bulk carriers to sister company OceanPal. OceanPal will get 2004 built panamax bulk carrier 73K DWT MV Protefs, 2005 built panamax bulk carrier 73K DWT MV Calypso and 2005 built capesize bulk carrier 171K DWT MV Salt Lake City from Semiramis Paliou-led Diana Shipping (DSX). Moreover, OceanPal has been awarded the title of the primary refusal over additional six (6) Diana Shipping (DSX) bulk carriers. 73K DWT MV Protefs, 2005 built panamax bulk carrier 73K DWT MV Calypso and 2005 built capesize bulk carrier 171K DWT MV Salt Lake City have been receiving charter rates below prevailing dry bulk market levels. New York-listed shipowner and operator Diana Shipping (DSX) estimates that the distribution of a separate, publicly traded OceanPal which will be concentrating on vintage bulk carriers will further enhance shareholder value. Diana Shipping (DSX) will resume concentrating on its disciplined long-term achieved growth. OceanPal led is by CEO Eleftherios Paratrifon and CFO Ioannis Zafirakis. All common shares of OceanPal will be allocated to Diana Shipping (DSX) shareholders of record as of 29 October 2021. Diana Shipping (DSX) will also hold preferred shares in OceanPal that will empower Diana Shipping (DSX) to preferred dividends and voting rights. Currently, New York-listed shipowner and operator Diana Shipping (DSX) has a fleet of 36 bulk carriers. 19-October-2021
New York-listed shipowner and operator Diana Shipping (DSX) plots to buy back 3.6% of its outstanding shares at $4.50 per share. Diana Shipping (DSX) is paying a 9.8% premium. Diana Shipping (DSX) concluded that it is in the company’s most beneficial interest to repurchase shares at this time. New York-listed shipowner and operator Diana Shipping’s (DSX) stock soared from $2.18 per share to $5.41 per share from February to June. In December 2020, Diana Shipping (DSX) purchased 6 million shares or about 6.7% of its outstanding common stock. Currently, Diana Shipping (DSX) owns 36 bulk carriers. 15-July-2021
New York-listed shipowner and operator Diana Shipping (DSX) affiliated private company sold 2001 built panamax bulk carrier 75K DWT MV Elim Hope (ex MV Danae) for around $10 million. As long as optimism persists in the dry bulk shipping market, sales activity for bulk carriers is not anticipated to diminish. Second-hand bulk carrier prices appear to be still underpriced when compared to today’s period rates. 14-June-2021
New York-listed shipowner and operator Diana Shipping (DSX) chartered out 2010 built kamsarmax bulk carrier 82K DWT MV Myrsini for a short period (6 months) at $27,750 per day to Bocimar International. Diana Shipping published that MV Myrsini received far higher levels than its previous employment. Forward Freight Agreement (FFA) five-month suggested amount for a kamsarmax bulk carrier is between $26,000 and $26,500 daily. However, charterers have to pay a premium to attract shipowners to cover this short-period deal up. The dry bulk shipping market enters its seasonally strongest in Q2 and Q3 2021. Semiramis Paliou-led Diana Shipping (DSX) has been benefiting from the increasing shipping market. In April 2021, Diana Shipping (DSX) chartered out 2012 built bulk carrier 206K DWT MV Philadelphia for around a year to Classic Maritime at $28,500 per day. Dry bulk shipowners might manage to lock in such lofty earnings for even longer periods such as two-year fixtures. Numerous shipowners are optimistic charter out duration will increase soon. 7-May-2021
New York-listed shipowner and operator Diana Shipping (DSX) chartered out 2013 built panamax bulk carrier 77K DWT MV Ismene for 7-9 months to Tongli Shipping for around $16,500 per day. Currently, bulk carrier spot rates are at multi-year highs. New York-listed shipowner and operator Diana Shipping (DSX) chartered out 2013 built panamax bulk carrier 77K DWT MV Ismene for a short period 57% higher than its former charter.
Previously, Greek shipowner and operator Diana Shipping (DSX) chartered out 2013 built panamax bulk carrier 77K DWT MV Ismene to Phaethon International for $10,500 per day. Greek shipowner and operator Diana Shipping’s full period-charter coverage for the company’s fleet could cause to miss the profitable spot market in Q1 2021. The forecast for panamax spot rates continues bullish for the rest of 2021. Athens-based shipowner and operator Diana Shipping (DSX) might not benefit from current robust panamax spot rates in Q1 2021. Diana Shipping (DSX) is optimistic about dry bulk shipping markets however Diana Shipping (DSX) is not going to distribute dividends until Diana Shipping’s stock trades above NAV (Net Asset Value). 27-February-2021
New York-listed shipowner and operator Diana Shipping (DSX) appointed Semiramis Paliou, the daughter of Simeon Palios, as the new CEO (Chief Executive Officer). In 1972, Simeon Palios established Diana Shipping Agencies, Diana Shipping’s predecessor. In 2005, Simeon Palios established Diana Shipping and has since then worked as CEO and chairman. Semiramis Paliou has served as a director of Diana Shipping since March 2015 and its chief operating officer since August 2018. In October 2019, Semiramis Paliou was appointed as deputy CEO of Diana Shipping. Furthermore, Semiramis Paliou served as chief operating officer of Diana Shipping’s sister company, containership owner Performance Shipping. In 1996, Semiramis Paliou started her career in shipping as a traineeship surveyor for Lloyd’s Register of Shipping (LR). Semiramis Paliou has worked as head of operations, technical and crew department in Diana Shipping Services. Simeon Palios will remain as non-executive chairman when Semiramis Paliou assumes the CEO (Chief Executive Officer) role, effective on 1 March 2021. Diana Shipping (DSX) reported a net loss of $140 million in 2020. Currently, New York-listed shipowner and operator Diana Shipping (DSX) has a fleet of 37 bulk carriers. 21-February-2021
New York-listed shipowner and operator Diana Shipping (DSX) extended charter of 2013 built post-panamax bulk carrier 87K DWT MV Electra till 30 March 2021 to SwissMarine at a gross rate of $12,500 per day. Diana Shipping is going to earn around $1 million of gross revenue. Diana Shipping has not scrubber-fitted MV Electra. Previously, Greek shipowner and operator Diana Shipping charted out MV Electra to Oldendorff Carriers at a gross rate of $10,250 per day for 25-month. Since the beginning of 2021, it has been an increasing spot market for bulk carriers, which in turn has raised period rates. Baltic Exchange weighted TCA (Time-Charter Average) for panamax spot rates increased to $14,581 per day. 10-January-2021
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