Diana Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2025; Declares Cash Dividend of $0.01 Per Common Share for the Second Quarter 2025

ATHENS, Greece, July 30, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE:DSX), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $4.5 million and net income attributable to common stockholders of $3.1 million for the second quarter of 2025. This compares to a net loss of $2.8 million and a net loss attributable to common stockholders of $4.2 million for the second quarter of 2024. Earnings per share for the second quarter of 2025 were $0.03 basic and diluted, compared to loss per share of $0.04 basic and diluted in the same quarter of 2024.

Time charter revenues were $54.7 million for the second quarter of 2025, compared to $56.0 million for the same quarter of 2024. The decrease in time charter revenues, compared to the same quarter last year, was due to decreased ownership days and was partly offset by increased average charter rates.

Net income for the six months ended June 30, 2025, amounted to $7.5 million and net income attributable to common stockholders amounted to $4.7 million. This compares to a net loss of $0.7 million and a net loss attributable to common stockholders of $3.6 million for the same period in 2024. Time charter revenues for the six months ended June 30, 2025, were $109.6 million, compared to $113.6 million for the same period in 2024. Earnings per share for the six months ended June 30, 2025 were $0.04 basic and diluted, compared to a loss per share of $0.03 basic and diluted for the same period in 2024.

Dividend Declaration

The Company has declared a cash dividend on its common stock of $0.01 per share, based on the Company's results of operations during the quarter ended June 30, 2025. The cash dividend will be payable on September 11, 2025, to all common shareholders of record as of August 21, 2025. As of July 29, 2025, the Company has 115,775,463 common shares issued and outstanding and there were 16,211,330 outstanding warrants.

Fleet Employment (As of July 29, 2025)

 

 

 

 

 

 

 

 

 

 

 

VESSEL

 

SISTER SHIPS*

GROSS RATE (USD PER DAY)

COM**

CHARTERERS

DELIVERY DATE TO CHARTERERS***

REDELIVERY DATE TO OWNERS****

NOTES

 

BUILT DWT

 

9 Ultramax Bulk Carriers

1

DSI Phoenix

 

A

16,500

5.00

%

Bulk Trading SA

6/May/2024

3/Aug/2025

1

 

2017 60,456

 

 

13,500

4.75

%

Cargill Ocean Transportation (Singapore) Pte. Ltd.

3/Aug/2025

1/Oct/2026 - 30/Nov/2026

2

2

DSI Pollux

 

A

14,000

4.75

%

Cargill Ocean Transportation (Singapore) Pte. Ltd.

28/Dec/2023

20/Aug/2025 - 20/Oct/2025

 

 

2015 60,446

 

 

 

 

 

 

3

DSI Pyxis

 

A

13,100

5.00

%

Stone Shipping Ltd.

8/Nov/2024

20/Feb/2026 - 20/Apr/2026

 

 

2018 60,362

 

 

 

 

 

 

 

4

DSI Polaris

 

A

15,400

5.00

%

Stone Shipping Ltd.

20/Jul/2024

1/Jul/2025

 

 

2018 60,404

 

12,250

4.75

%

Cargill Ocean Transportation (Singapore) Pte. Ltd.

1/Jul/2025

21/Jul/2026 - 21/Sep/2026

 

5

DSI Pegasus

 

A

15,250

4.75

%

Cargill Ocean Transportation (Singapore) Pte. Ltd.

5/Sep/2024

25/Jul/2025

3

 

2015 60,508

 

 

 

 

 

 

 

6

DSI Aquarius

 

B

13,300

5.00

%

Bunge SA, Geneva

6/Dec/2024

6/Oct/2025 - 21/Dec/2025

 

 

2016 60,309

 

 

 

 

 

 

 

7

DSI Aquila

 

B

12,250

5.00

%

Western Bulk Carriers AS

21/Jan/2025

1/Aug/2025 - 5/Sep/2025

4

 

2015 60,309

 

 

 

 

 

 

 

8

DSI Altair

 

B

15,750

5.00

%

Propel Shipping Pte. Ltd.

28/Sep/2024

1/Nov/2025 - 31/Dec/2025

 

 

2016 60,309

 

 

 

 

 

 

 

9

DSI Andromeda

 

B

14,000

4.75

%

Cargill Ocean Transportation (Singapore) Pte. Ltd.

28/Mar/2025

15/Nov/2025-15/Jan/2026

5

 

2016 60,309

 

 

 

 

 

 

6 Panamax Bulk Carriers

10

LETO

 

 

12,275

4.75

%

Cargill International SA, Geneva

4/Apr/2025

16/Jul/2026 - 16/Sep/2026

6

 

2010 81,297

 

 

 

 

 

 

11

SELINA

 

C

10,500

5.00

%

Raffles Shipping International Pte. Ltd.

17/Oct/2024

14/Apr/2025

7

 

2010 75,700

 

 

6,500

5.00

%

Reachy Shipping (SGP) Pte. Ltd.

13/May/2025

12/Jul/2025

8

12

MAERA

 

C

8,400

5.00

%

China Resource Chartering Limited

15/Dec/2024

20/Sep/2025-20/Nov/2025

 

 

2013 75,403

 

 

 

 

 

 

 

13

ISMENE

 

 

12,650

5.00

%

Paralos Shipping Pte., Ltd.

13/Sep/2023

24/Apr/2025

 

 

2013 77,901

 

 

11,000

5.00

%

China Resource Chartering Pte. Ltd.

24/Apr/2025

20/Mar/2026 - 20/May/2026

 

14

CRYSTALIA

 

D

13,900

5.00

%

Louis Dreyfus Company Freight Asia Pte. Ltd.

4/May/2024

4/Feb/2026 - 4/Jun/2026

 

 

2014 77,525

 

 

 

 

 

 

 

15

ATALANDI

 

D

14,600

4.75

%

Cargill International SA, Geneva

20/Jul/2024

8/Jun/2025

 

 

2014 77,529

 

 

10,100

5.00

%

Stone Shipping Ltd.

8/Jun/2025

15/Jun/2026 - 15/Aug/2026

9

6 Kamsarmax Bulk Carriers

16

MAIA

 

E

11,600

5.00

%

Paralos Shipping Pte. Ltd.

9/Dec/2024

1/Nov/2025 - 31/Dec/2025

 

 

2009 82,193

 

 

 

 

 

 

 

17

MYRSINI

 

E

13,000

4.75

%

Cargill International SA, Geneva

26/Feb/2025

1/Jan/2026 - 28/Feb/2026

 

 

2010 82,117

 

 

 

 

 

 

 

18

MEDUSA

 

E

13,000

4.75

%

Cargill International SA, Geneva

16/Mar/2025

15/May/2026 - 15/Jul/2026

 

 

2010 82,194

 

 

 

 

 

 

 

19

MYRTO

 

E

12,000

5.00

%

Nippon Yusen Kabushiki Kaisha, Tokyo

23/Dec/2024

1/Mar/2026 - 15/May/2026

 

 

2013 82,131

 

 

 

 

 

 

 

20

ASTARTE

 

 

14,000

5.00

%

Paralos Shipping Pte. Ltd.

19/Aug/2024

2/Aug/2025

1

 

2013 81,513

 

 

12,500

5.00

%

Propel Shipping Pte. Ltd.

2/Aug/2025

16/Aug/2026 - 16/Oct/2026

2

21

LEONIDAS P. C.

 

 

17,000

5.00

%

Ming Wah International Shipping Company Limited

22/Feb/2024

20/Aug/2025 - 20/Sep/2025

4

 

2011 82,165

 

 

 

 

 

 

 

4 Post-Panamax Bulk Carriers

22

AMPHITRITE

 

F

12,100

5.00

%

Cobelfret S.A., Luxembourg

8/Jan/2025

1/Jan/2026 - 15/Mar/2026

10

 

2012 98,697

 

 

 

 

 

 

 

23

POLYMNIA

 

F

17,500

5.00

%

Reachy Shipping (SGP) Pte. Ltd.

8/Jun/2024

1/Aug/2025 - 30/Aug/2025

4

 

2012 98,704