Diana Shipping ( (DSX) ) just unveiled an update.
On March 21, 2025, Diana Shipping Inc. announced its strategic partnership and investment in a new joint venture, Ecogas Holding AS, to construct two 7,500 cbm semi-refrigerated LPG newbuildings, with an option for two additional vessels. This move marks Diana Shipping’s expansion into the LPG sector, potentially enhancing its market position and diversifying its fleet beyond dry bulk vessels. The delivery of the first vessel is anticipated in early 2027, with the second expected by the end of the same year, signaling a significant shift in the company’s operational focus and potential growth in new markets.
More about Diana Shipping
Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels. The company’s fleet is primarily employed on short to medium-term time charters, transporting a range of dry bulk cargoes such as iron ore, coal, and grain across worldwide shipping routes.
YTD Price Performance: -7.69%
Average Trading Volume: 329,966
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $204.8M
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