DSX

Diana Shipping inc. provides shipping transportation services globally, operating a fleet of dry bulk vessels transporting iron ore, coal, grain, and other commodities. The company owns and operates Panamax, Kamsarmax, Post-Panamax, and Capesize bulk carriers chartered to mining companies, traders, and other customers requiring dry bulk transportation. Diana Shipping generates revenues from time charter contracts and spot market voyages transporting commodities between production regions and consumption markets worldwide. The company is controlled by the Palios family and is incorporated in the Marshall Islands. Headquartered in Athens, Greece, Diana Shipping has operated in dry bulk shipping markets for decades. The company benefits from a modern, fuel-efficient fleet and dry bulk shipping industry knowledge. Diana Shipping faces highly cyclical dry bulk shipping markets with volatile freight rates driven by commodity trade volumes, fleet supply/demand balances, economic conditions, and geopolitical factors. The company has experienced severe shipping market downturns and elevated leverage. Diana Shipping continues to operate its fleet, manage charter arrangements, navigate volatile dry bulk markets, and work to generate returns for shareholders through challenging shipping industry conditions.