An announcement from Diana Shipping ( (DSX) ) is now available.
On February 12, 2025, Diana Shipping Inc. announced the sale of its 2010-built Post-Panamax vessel “Alcmene” for approximately $11.9 million, with delivery expected by March 7, 2025. Additionally, the company extended a time charter contract with SwissMarine for its Newcastlemax vessel “San Francisco,” increasing the charter rate from $22,000 to $26,000 per day. This agreement is set to commence on February 27, 2025, and is anticipated to generate approximately $15.55 million in gross revenue over its minimum duration, marking strategic fleet adjustments for Diana Shipping and potential revenue growth.
More about Diana Shipping
Diana Shipping Inc. is a global provider of shipping transportation services, focusing on the ownership and bareboat charter-in of dry bulk vessels. The company operates its fleet primarily on short to medium-term charters, transporting commodities such as iron ore, coal, and grain across international shipping routes.
YTD Price Performance: -4.08%
Average Trading Volume: 635,597
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $232.8M
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