{"id":386709,"date":"2020-11-23T08:26:26","date_gmt":"2020-11-23T13:26:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=386709"},"modified":"2020-11-23T08:26:26","modified_gmt":"2020-11-23T13:26:26","slug":"diana-shipping-inc-reports-financial-results-for-the-third-quarter-and-nine-months-ended-september-30-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/diana-shipping-inc-reports-financial-results-for-the-third-quarter-and-nine-months-ended-september-30-2020\/","title":{"rendered":"Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020"},"content":{"rendered":"
\n

ATHENS, Greece, Nov. 23, 2020 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the \u201cCompany\u201d), a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $13.2 million and a net loss attributed to common stockholders of $14.6 million for the third quarter of 2020, including a $6.8 million impairment loss which resulted from the agreement to sell the vessels Sideris G.S.<\/em> and Coronis<\/em>. This compares to net income of $1.8 million and net income attributed to common stockholders of $0.3 million reported in the third quarter of 2019.<\/p>\n

Time charter revenues were $42.3 million for the third quarter of 2020, compared to $53.5 million for the same period of 2019. The decrease in time charter revenues was mainly due to the decrease in ownership days resulting from the sale of six vessels in 2019 and two vessels in 2020 and also due to decreased average time charter rates that the Company achieved for its vessels during the quarter.<\/p>\n

Net loss for the nine months ended September 30, 2020 amounted to $126.8 million and net loss attributed to common stockholders amounted to $131.1 million, including a $102.5 million impairment loss and $1.1 million loss on sale of vessels. This compares to net income of $3.4 million and net loss attributed to common stockholders of $0.9 million for the same period of 2019 including a $7.5 million impairment loss and $2.8 million loss on sale of vessels. Time charter revenues were $127.1 million for the nine months ended September 30, 2020, compared to $169.2 million for the same period of 2019.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Fleet Employment Profile (As of November 20, 2020)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\nDiana Shipping Inc.\u2019s fleet is employed as follows:<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Vessel<\/strong>\n <\/td>\n\n Sister Ships*<\/strong><\/p>\n<\/td>\n\n Gross Rate (USD Per Day)<\/strong><\/p>\n<\/td>\n\n Charterers<\/strong><\/p>\n<\/td>\n\n Delivery Date to Charterers***<\/strong><\/p>\n<\/td>\n\n Redelivery Date to Owners****<\/strong><\/p>\n<\/td>\n\n Notes<\/strong><\/p>\n<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n BUILT DWT<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 13 Panamax Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
1<\/td>\nOCEANIS<\/td>\n\u00a0<\/td>\n$9,200<\/td>\n5.00%<\/td>\nPhaethon International Company AG<\/td>\n9-Jan-20<\/td>\n9-Jan-21 – 24-Mar-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2001 75,211<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
2<\/td>\nPROTEFS<\/td>\nA<\/td>\n$9,900<\/td>\n5.00%<\/td>\nPhaethon International Company AG<\/td>\n30-Nov-19<\/td>\n1-Jan-21 – 31-Mar-21<\/td>\n1,2<\/td>\n<\/tr>\n
\u00a0<\/td>\n2004 73,630<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
3<\/td>\nCALIPSO<\/td>\nA<\/td>\n$8,250<\/td>\n5.00%<\/td>\nUniper Global Commodities SE, D\u00fcsseldorf<\/td>\n28-May-20<\/td>\n2-Dec-20 – 31-Dec-20<\/td>\n3<\/td>\n<\/tr>\n
\u00a0<\/td>\n2005 73,691<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
4<\/td>\nNAIAS<\/td>\nA<\/td>\n$10,000<\/td>\n5.00%<\/td>\nPhaethon International Company AG<\/td>\n26-Jan-19<\/td>\n26-Dec-20 – 10-Apr-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2006 73,546<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
–<\/td>\nARETHUSA<\/td>\nA<\/td>\n$5,500<\/td>\n5.00%<\/td>\nOldendorff GmbH & Co. KG, Luebeck<\/td>\n1-Jun-20<\/td>\n29-Jul-20<\/td>\n4<\/td>\n<\/tr>\n
\u00a0<\/td>\n2007 73,593<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
5<\/td>\nCORONIS<\/td>\n\u00a0<\/td>\n$8,000<\/td>\n5.00%<\/td>\nKoch Shipping Pte. Ltd., Singapore<\/td>\n20-Feb-20<\/td>\n4-Dec-20 – 22-Dec-20<\/td>\n3,5<\/td>\n<\/tr>\n
\u00a0<\/td>\n2006 74,381<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
6<\/td>\nMELIA<\/td>\n\u00a0<\/td>\n$10,750<\/td>\n4.75%<\/td>\nCargill International S.A., Geneva<\/td>\n13-Feb-20<\/td>\n28-Apr-20<\/td>\n6<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$10,000<\/td>\n5.00%<\/td>\nAusca Shipping Limited, Hong Kong<\/td>\n20-Aug-20<\/td>\n5-Apr-21 – 20-Jun-21<\/td>\n7<\/td>\n<\/tr>\n
\u00a0<\/td>\n2005 76,225<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
7<\/td>\nARTEMIS<\/td>\n\u00a0<\/td>\n$10,150<\/td>\n5.00%<\/td>\nKoch Shipping Pte. Ltd., Singapore<\/td>\n28-Nov-19<\/td>\n24-Oct-20<\/td>\n8<\/td>\n<\/tr>\n
\u00a0<\/td>\n2006 76,942<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
8<\/td>\nLETO<\/td>\n\u00a0<\/td>\n$9,000<\/td>\n4.75%<\/td>\nCargill International S.A., Geneva<\/td>\n21-May-20<\/td>\n15-Jul-21 – 30-Sep-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2010 81,297<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
9<\/td>\nSELINA<\/td>\nB<\/td>\n$11,000<\/td>\n5.00%<\/td>\nST Shipping and Transport Pte. Ltd., Singapore<\/td>\n5-Jul-20<\/td>\n5-Jul-21 – 5-Sep-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2010 75,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
10<\/td>\nMAERA<\/td>\nB<\/td>\n$8,600<\/td>\n5.00%<\/td>\nAusca Shipping Limited, Hong Kong<\/td>\n11-Jun-20<\/td>\n1-Jul-21 – 30-Sep-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2013 75,403<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
11<\/td>\nISMENE<\/td>\n\u00a0<\/td>\n$10,800<\/td>\n5.00%<\/td>\nPhaethon International Company AG<\/td>\n10-Jan-20<\/td>\n10-Feb-21 – 25-Apr-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2013 77,901<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
12<\/td>\nCRYSTALIA<\/td>\nC<\/td>\n$8,750<\/td>\n5.00%<\/td>\nGlencore Agriculture B.V., Rotterdam<\/td>\n22-May-20<\/td>\n1-Jul-21 – 30-Sep-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2014 77,525<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
13<\/td>\nATALANDI<\/td>\nC<\/td>\n$9,300<\/td>\n5.00%<\/td>\nUniper Global Commodities SE, D\u00fcsseldorf<\/td>\n14-Jun-20<\/td>\n14-Jul-21 – 14-Oct-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2014 77,529<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 5 Kamsarmax Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
14<\/td>\nMAIA<\/td>\nD<\/td>\n$11,200<\/td>\n5.00%<\/td>\nAquavita International S.A.<\/td>\n31-Jan-20<\/td>\n31-Mar-21 – 15-Jun-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2009 82,193<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
15<\/td>\nMYRSINI<\/td>\nD<\/td>\n$11,500<\/td>\n5.00%<\/td>\nAusca Shipping Limited, Hong Kong<\/td>\n4-Dec-19<\/td>\n4-Jan-21 – 19-Mar-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2010 82,117<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
16<\/td>\nMEDUSA<\/td>\nD<\/td>\n$11,000<\/td>\n4.75%<\/td>\nCargill International S.A., Geneva <\/p>\n<\/td>\n16-Nov-19<\/td>\n19-Nov-20<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$11,000<\/td>\n4.75%<\/td>\n19-Nov-20<\/td>\n10-Jan-22 – 20-Mar-22<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2010 82,194<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
17<\/td>\nMYRTO<\/td>\nD<\/td>\n$10,000<\/td>\n4.75%<\/td>\nCargill International S.A., Geneva<\/td>\n3-Apr-20<\/td>\n1-Jul-21 – 15-Sep-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2013 82,131<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
18<\/td>\nASTARTE<\/td>\n\u00a0<\/td>\n$11,750<\/td>\n5.00%<\/td>\nAquavita International S.A.<\/td>\n18-Jan-20<\/td>\n18-Mar-21 – 2-Jun-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2013 81,513<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 5 Post-Panamax Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
19<\/td>\nALCMENE<\/td>\n\u00a0<\/td>\n$8,500<\/td>\n4.75%<\/td>\nCargill International S.A., Geneva<\/td>\n1-Jun-20<\/td>\n17-Apr-21 – 2-Jul-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2010 93,193<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
20<\/td>\nAMPHITRITE<\/td>\nE<\/td>\n$10,250<\/td>\n5.00%<\/td>\nSwissMarine Pte. Ltd., Singapore<\/td>\n21-Mar-20<\/td>\n6-Apr-21 – 21-Jun-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2012 98,697<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
21<\/td>\nPOLYMNIA<\/td>\nE<\/td>\n$11,000<\/td>\n4.75%<\/td>\nCargill International S.A., Geneva<\/td>\n15-Nov-19<\/td>\n22-Nov-20<\/td>\n3<\/td>\n<\/tr>\n
\u00a0<\/td>\n2012 98,704<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
22<\/td>\nELECTRA<\/td>\nF<\/td>\n$10,250<\/td>\n5.00%<\/td>\nOldendorff Carriers GMBH & Co. KG, L\u00fcbeck<\/td>\n21-Nov-19<\/td>\n5-Dec-20 – 21-Dec-20<\/td>\n3<\/td>\n<\/tr>\n
\u00a0<\/td>\n2013 87,150<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
23<\/td>\nPHAIDRA<\/td>\nF<\/td>\n$9,400<\/td>\n5.00%<\/td>\nUniper Global Commodities SE, D\u00fcsseldorf<\/td>\n29-May-20<\/td>\n29-Apr-21 – 29-Jul-21<\/td>\n9<\/td>\n<\/tr>\n
\u00a0<\/td>\n2013 87,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 13 Capesize Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
24<\/td>\nALIKI<\/td>\n\u00a0<\/td>\n$11,300<\/td>\n5.00%<\/td>\nKoch Shipping Pte. Ltd., Singapore<\/td>\n23-Apr-20<\/td>\n1-Jan-21 – 15-Mar-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2005 180,235<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
25<\/td>\nBALTIMORE<\/td>\n\u00a0<\/td>\n$15,000<\/td>\n5.00%<\/td>\nKoch Shipping Pte. Ltd., Singapore<\/td>\n19-May-19<\/td>\n4-Dec-20 – 3-Apr-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2005 177,243<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
26<\/td>\nSALT LAKE CITY<\/td>\n\u00a0<\/td>\n$9,750<\/td>\n4.75%<\/td>\nCargill International S.A., Geneva<\/td>\n24-Mar-19<\/td>\n5-Dec-20 – 24-Feb-21<\/td>\n3,10<\/td>\n<\/tr>\n
\u00a0<\/td>\n2005 171,810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
27<\/td>\nSIDERIS GS<\/td>\nG<\/td>\n$12,700<\/td>\n5.00%<\/td>\nOldendorff Carriers GMBH & Co. KG, L\u00fcbeck, Germany<\/td>\n7-Mar-20<\/td>\n3-Dec-20 – 31-Dec-20<\/td>\n3,5<\/td>\n<\/tr>\n
\u00a0<\/td>\n2006 174,186<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
28<\/td>\nSEMIRIO<\/td>\nG<\/td>\n$16,000<\/td>\n4.75%<\/td>\nCargill International S.A., Geneva<\/td>\n30-Jun-19<\/td>\n2-Dec-20 – 30-Dec-20<\/td>\n3<\/td>\n<\/tr>\n
\u00a0<\/td>\n2007 174,261<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
29<\/td>\nBOSTON<\/td>\nG<\/td>\n$15,300<\/td>\n5.00%<\/td>\nOldendorff Carriers GMBH & Co. KG, L\u00fcbeck, Germany<\/td>\n7-Jun-19<\/td>\n1-Apr-21 – 30-Jun-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2007 177,828<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
30<\/td>\nHOUSTON<\/td>\nG<\/td>\n$12,400<\/td>\n5.00%<\/td>\nC Transport Maritime Ltd., Bermuda<\/td>\n13-May-20<\/td>\n1-Jul-21 – 30-Sep-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2009 177,729<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
31<\/td>\nNEW YORK<\/td>\nG<\/td>\n$15,500<\/td>\n5.00%<\/td>\nSingapore Marine Pte. LTD., Singapore<\/td>\n7-Jun-19<\/td>\n3-Dec-20 – 22-Jan-21<\/td>\n3<\/td>\n<\/tr>\n
\u00a0<\/td>\n2010 177,773<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
32<\/td>\nSEATTLE<\/td>\nH<\/td>\n$12,300<\/td>\n5.00%<\/td>\nPacbulk Shipping Pte. Ltd., Singapore<\/td>\n27-Apr-20<\/td>\n1-Oct-21 – 31-Dec-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2011 179,362<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
33<\/td>\nP. S. PALIOS<\/td>\nH<\/td>\n$12,050<\/td>\n5.00%<\/td>\nC Transport Maritime Ltd., Bermuda<\/td>\n28-Apr-20<\/td>\n9-Apr-21 – 24-Jun-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2013 179,134<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
34<\/td>\nG. P. ZAFIRAKIS<\/td>\nI<\/td>\n$13,200<\/td>\n5.00%<\/td>\nKoch Shipping Pte. Ltd., Singapore<\/td>\n31-May-20<\/td>\n1-Oct-21 – 31-Dec-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2014 179,492<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
35<\/td>\nSANTA BARBARA<\/td>\nI<\/td>\n$17,250<\/td>\n5.00%<\/td>\nPacbulk Shipping Pte. Ltd., Singapore<\/td>\n28-Dec-19<\/td>\n28-Dec-20 – 28-Feb-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2015 179,426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
36<\/td>\nNEW ORLEANS<\/td>\n\u00a0<\/td>\n$15,000<\/td>\n4.75%<\/td>\nCargill International S.A., Geneva<\/td>\n10-Apr-19<\/td>\n12-Nov-20<\/td>\n8<\/td>\n<\/tr>\n
\u00a0<\/td>\n2015 180,960<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 4 Newcastlemax Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
37<\/td>\nLOS ANGELES<\/td>\nJ<\/td>\n$14,250<\/td>\n5.00%<\/td>\nEngelhart CTP Freight (Switzerland) SA<\/td>\n6-Jun-20<\/td>\n1-Oct-21 – 31-Dec-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2012 206,104<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
38<\/td>\nPHILADELPHIA<\/td>\nJ<\/td>\n$14,500<\/td>\n5.00%<\/td>\nBHP Billiton Freight Singapore Pte. Ltd<\/td>\n5-Feb-20<\/td>\n5-Apr-21 – 5-Jul-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2012 206,040<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
39<\/td>\nSAN FRANCISCO<\/td>\nK<\/td>\n$16,000<\/td>\n5.00%<\/td>\nKoch Shipping Pte. Ltd., Singapore<\/td>\n5-Mar-19<\/td>\n10-Dec-20 – 20-Jan-21<\/td>\n3<\/td>\n<\/tr>\n
\u00a0<\/td>\n2017 208,006<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
40<\/td>\nNEWPORT NEWS<\/td>\nK<\/td>\n$16,500<\/td>\n5.00%<\/td>\nSwissMarine Services S.A., Geneva<\/td>\n25-Feb-19<\/td>\n8-Sep-20<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$18,400<\/td>\n5.00%<\/td>\nKoch Shipping Pte. Ltd., Singapore<\/td>\n8-Sep-20<\/td>\n16-Oct-21 – 30-Dec-21<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2017 208,021<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
* Each dry bulk carrier is a “sister ship”, or closely similar, to other dry bulk carriers that have the same letter.<\/td>\n<\/tr>\n
** Total commission percentage paid to third parties.<\/td>\n<\/tr>\n
*** In case of newly acquired vessel with time charter attached, this date refers to the expected\/actual date of delivery of the vessel to the Company.<\/td>\n<\/tr>\n
**** Range of redelivery dates, with the actual date of redelivery being at the Charterers\u2019 option, but subject to the terms, conditions, and exceptions of the particular charterparty.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
1 Vessel off hire from June 11, 2020 to July 10, 2020.<\/td>\n<\/tr>\n
2 Vessel off hire for unscheduled maintenance from August 28, 2020 to September 4, 2020.<\/td>\n<\/tr>\n
3 Based on latest information.<\/td>\n<\/tr>\n
4 “Arethusa” sold and delivered to her new owners on August 8, 2020.<\/td>\n<\/tr>\n
5 Vessel sold and expected to be delivered to her new Owners at the latest by January 20, 2021.<\/td>\n<\/tr>\n
6 Vessel on scheduled drydocking from April 28, 2020 to July 17, 2020.<\/td>\n<\/tr>\n
7 Charter includes a one time ballast bonus payment of US$500,000.<\/td>\n<\/tr>\n
8 Currently without an active charterparty. Vessel on scheduled drydocking.<\/td>\n<\/tr>\n
9 Vessel off hire for unscheduled maintenance from July 2, 2020 to July 4, 2020.<\/td>\n<\/tr>\n
10 Vessel off hire for drydocking from June 24, 2020 to August 1, 2020.<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Summary of Selected Financial & Other Data (unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Three months ended September 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Nine months ended September 30,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n STATEMENT OF OPERATIONS DATA (in thousands of US Dollars)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\nTime charter revenues<\/td>\n$<\/td>\n42,341<\/td>\n\u00a0<\/td>\n$<\/td>\n53,534<\/td>\n\u00a0<\/td>\n$<\/td>\n127,076<\/td>\n\u00a0<\/td>\n$<\/td>\n169,220<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nVoyage expenses<\/td>\n\u00a0<\/td>\n2,944<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,315<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,505<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,054<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nVessel operating expenses<\/td>\n\u00a0<\/td>\n21,318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,981<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63,441<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,232<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNet income\/(loss)<\/td>\n\u00a0<\/td>\n(13,151<\/td>\n)<\/td>\n\u00a0<\/td>\n1,770<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(126,767<\/td>\n)<\/td>\n\u00a0<\/td>\n3,446<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNet income\/(loss) attributed to common stockholders<\/td>\n\u00a0<\/td>\n(14,593<\/td>\n)<\/td>\n\u00a0<\/td>\n328<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(131,094<\/td>\n)<\/td>\n\u00a0<\/td>\n(880<\/td>\n)<\/td>\n<\/tr>\n
\n FLEET DATA <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\nAverage number of vessels<\/td>\n\u00a0<\/td>\n40.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45.9<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNumber of vessels<\/td>\n\u00a0<\/td>\n40.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nWeighted average age of vessels<\/td>\n\u00a0<\/td>\n10.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOwnership days<\/td>\n\u00a0<\/td>\n3,719<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,027<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,251<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,526<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAvailable days<\/td>\n\u00a0<\/td>\n3,670<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,960<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,695<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,358<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOperating days<\/td>\n\u00a0<\/td>\n3,572<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,938<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,410<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,255<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nFleet utilization<\/td>\n\u00a0<\/td>\n97.3<\/td>\n%<\/td>\n\u00a0<\/td>\n99.4<\/td>\n%<\/td>\n\u00a0<\/td>\n97.3<\/td>\n%<\/td>\n\u00a0<\/td>\n99.2<\/td>\n%<\/td>\n<\/tr>\n
\n AVERAGE DAILY RESULTS <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\nTime charter equivalent (TCE) rate (1)<\/td>\n$<\/td>\n10,735<\/td>\n\u00a0<\/td>\n$<\/td>\n12,682<\/td>\n\u00a0<\/td>\n$<\/td>\n10,900<\/td>\n\u00a0<\/td>\n$<\/td>\n12,961<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDaily vessel operating expenses (2)<\/td>\n$<\/td>\n5,732<\/td>\n\u00a0<\/td>\n$<\/td>\n5,458<\/td>\n\u00a0<\/td>\n$<\/td>\n5,639<\/td>\n\u00a0<\/td>\n$<\/td>\n5,367<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Non-GAAP Measures<\/strong>\u00a0 \u00a0 \u00a0 \u00a0<\/p>\n\n\n\n\n
(1)<\/td>\nTime charter equivalent rates, or TCE rates, are defined as our time charter revenues less voyage expenses during a period divided by the number of our available days during the period, which is consistent with industry standards. Voyage expenses include port charges, bunker (fuel) expenses, canal charges and commissions. TCE is a non-GAAP measure. TCE rate is a standard shipping industry performance measure used primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day amounts while charter hire rates for vessels on time charters are generally expressed in such amounts.<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
(2)<\/td>\nDaily vessel operating expenses, which include crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the costs of spares and consumable stores, tonnage taxes and other miscellaneous expenses, are calculated by dividing vessel operating expenses by ownership days for the relevant period.<\/td>\n<\/tr>\n<\/table>\n

\n Conference Call and Webcast Information<\/strong>\n <\/p>\n

The Company\u2019s management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. (Eastern Time) on Monday, November 23, 2020.<\/p>\n

Investors may access the webcast by visiting the Company\u2019s website at www.dianashippinginc.com<\/a><\/u>, and clicking on the webcast link. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for international callers), and asking the operator for the Diana Shipping Inc. conference call.<\/p>\n

A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on www.dianashippinginc.com<\/a><\/u>. A telephone replay also will be available for 30 days by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers), and providing the Replay ID number 13712525.<\/p>\n

\n About the Company<\/strong>\n <\/p>\n

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company\u2019s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.<\/p>\n

\n Cautionary Statement Regarding Forward-Looking Statements<\/strong>\n <\/p>\n

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.<\/p>\n

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintends,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cpending\u201d and similar expressions identify forward-looking statements.<\/p>\n

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management\u2019s examination of historical operating trends, data contained in the Company\u2019s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company\u2019s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.<\/p>\n

In addition to these important factors, other important factors that, in the Company\u2019s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses\u2019 and governments\u2019 responses to the pandemic on our operations, personnel, and on the demand for seaborne transportation of bulk products; the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company\u2019s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company\u2019s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of off-hires and other factors. Please see the Company\u2019s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n

(See financial tables attached)<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n DIANA SHIPPING INC.<\/strong>\n <\/td>\n<\/tr>\n
\n FINANCIAL TABLES<\/strong>\n <\/td>\n<\/tr>\n
Expressed in thousands of U.S. Dollars, except share and per share data<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/td>\n<\/tr>\n
\n UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME\/(LOSS)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Three months ended September 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Nine months ended September 30, <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n REVENUES:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nTime charter revenues<\/td>\n$<\/td>\n42,341<\/td>\n\u00a0<\/td>\n$<\/td>\n53,534<\/td>\n\u00a0<\/td>\n$<\/td>\n127,076<\/td>\n\u00a0<\/td>\n$<\/td>\n169,220<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n EXPENSES:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nVoyage expenses<\/td>\n\u00a0<\/td>\n2,944<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,315<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,505<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,054<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nVessel operating expenses<\/td>\n\u00a0<\/td>\n21,318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,981<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n63,441<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,232<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDepreciation and amortization of deferred charges<\/td>\n\u00a0<\/td>\n9,399<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,113<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,682<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,841<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGeneral and administrative expenses<\/td>\n\u00a0<\/td>\n9,463<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,137<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,748<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,782<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nManagement fees to related party<\/td>\n\u00a0<\/td>\n497<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n537<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,511<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,567<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nVessel impairment charges<\/td>\n\u00a0<\/td>\n6,832<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n102,525<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,519<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLoss on sale of vessels<\/td>\n\u00a0<\/td>\n7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n716<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,085<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,835<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther loss\/(gain)<\/td>\n\u00a0<\/td>\n271<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(489<\/td>\n)<\/td>\n\u00a0<\/td>\n129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(556<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Operating income\/(loss)<\/strong>\n <\/td>\n$<\/td>\n(8,390<\/td>\n)<\/td>\n$<\/td>\n8,224<\/td>\n\u00a0<\/td>\n$<\/td>\n(110,550<\/td>\n)<\/td>\n$<\/td>\n23,946<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n OTHER INCOME \/ (EXPENSES):<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest expense and finance costs<\/td>\n\u00a0<\/td>\n(4,874<\/td>\n)<\/td>\n\u00a0<\/td>\n(7,206<\/td>\n)<\/td>\n\u00a0<\/td>\n(16,883<\/td>\n)<\/td>\n\u00a0<\/td>\n(22,709<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest income<\/td>\n\u00a0<\/td>\n55<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n754<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n694<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,255<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGain on extinguishment of debt<\/td>\n\u00a0<\/td>\n374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nLoss from equity method investment<\/td>\n\u00a0<\/td>\n(316<\/td>\n)<\/td>\n\u00a0<\/td>\n(2<\/td>\n)<\/td>\n\u00a0<\/td>\n(402<\/td>\n)<\/td>\n\u00a0<\/td>\n(46<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total other expenses, net<\/strong>\n <\/td>\n$<\/td>\n(4,761<\/td>\n)<\/td>\n$<\/td>\n(6,454<\/td>\n)<\/td>\n$<\/td>\n(16,217<\/td>\n)<\/td>\n$<\/td>\n(20,500<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income\/(loss)<\/strong>\n <\/td>\n$<\/td>\n(13,151<\/td>\n)<\/td>\n$<\/td>\n1,770<\/td>\n\u00a0<\/td>\n$<\/td>\n(126,767<\/td>\n)<\/td>\n$<\/td>\n3,446<\/td>\n\u00a0<\/td>\n<\/tr>\n
Dividends on series B preferred shares<\/td>\n\u00a0<\/td>\n(1,442<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,442<\/td>\n)<\/td>\n\u00a0<\/td>\n(4,327<\/td>\n)<\/td>\n\u00a0<\/td>\n(4,326<\/td>\n)<\/td>\n<\/tr>\n
\n Net income\/(loss) attributed to common stockholders<\/strong>\n <\/td>\n\u00a0<\/td>\n(14,593<\/td>\n)<\/td>\n\u00a0<\/td>\n328<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(131,094<\/td>\n)<\/td>\n\u00a0<\/td>\n(880<\/td>\n)<\/td>\n<\/tr>\n
\n Loss per common share, basic and diluted<\/strong>\n <\/td>\n$<\/td>\n(0.17<\/td>\n)<\/td>\n$<\/td>\n–<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.53<\/td>\n)<\/td>\n$<\/td>\n(0.01<\/td>\n)<\/td>\n<\/tr>\n
\n Weighted average number of common shares, basic<\/strong>\n <\/td>\n\u00a0<\/td>\n85,745,586<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93,359,239<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,923,171<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n96,934,593<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Weighted average number of common shares, diluted<\/strong>\n <\/td>\n\u00a0<\/td>\n85,745,586<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94,274,398<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,923,171<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n96,934,593<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Three months ended September 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Nine months ended September 30, <\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income\/(loss)<\/strong>\n <\/td>\n$<\/td>\n(13,151<\/td>\n)<\/td>\n$<\/td>\n1,770<\/td>\n\u00a0<\/td>\n$<\/td>\n(126,767<\/td>\n)<\/td>\n$<\/td>\n3,446<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other comprehensive loss (Actuarial loss)<\/td>\n\u00a0<\/td>\n(6<\/td>\n)<\/td>\n\u00a0<\/td>\n(9<\/td>\n)<\/td>\n\u00a0<\/td>\n(20<\/td>\n)<\/td>\n\u00a0<\/td>\n(27<\/td>\n)<\/td>\n<\/tr>\n
\n Comprehensive income\/(loss)<\/strong>\n <\/td>\n$<\/td>\n(13,157<\/td>\n)<\/td>\n$<\/td>\n1,761<\/td>\n\u00a0<\/td>\n$<\/td>\n(126,787<\/td>\n)<\/td>\n$<\/td>\n3,419<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n CONDENSED CONSOLIDATED BALANCE SHEET DATA<\/strong>\n <\/td>\n<\/tr>\n
(in thousands of U.S. Dollars)\u00a0\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n September 30, 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\n December 31, 2019<\/strong>*<\/td>\n<\/tr>\n
\n
\n ASSETS<\/u>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n(unaudited)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash, cash equivalents and restricted cash<\/td>\n$<\/td>\n90,386<\/td>\n$<\/td>\n128,288<\/td>\n<\/tr>\n
Other current assets<\/td>\n\u00a0<\/td>\n35,455<\/td>\n\u00a0<\/td>\n29,751<\/td>\n<\/tr>\n
Vessels, net<\/td>\n\u00a0<\/td>\n731,433<\/td>\n\u00a0<\/td>\n882,297<\/td>\n<\/tr>\n
Other fixed assets, net<\/td>\n\u00a0<\/td>\n21,736<\/td>\n\u00a0<\/td>\n22,077<\/td>\n<\/tr>\n
Investments in related parties<\/td>\n\u00a0<\/td>\n28<\/td>\n\u00a0<\/td>\n1,680<\/td>\n<\/tr>\n
Other non-current assets<\/td>\n\u00a0<\/td>\n9,290<\/td>\n\u00a0<\/td>\n7,187<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total assets <\/strong>\n <\/td>\n$<\/td>\n888,328<\/td>\n$<\/td>\n1,071,280<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n LIABILITIES AND STOCKHOLDERS’ EQUITY<\/u>
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term debt, net of deferred financing costs<\/td>\n$<\/td>\n430,890<\/td>\n$<\/td>\n474,951<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n20,965<\/td>\n\u00a0<\/td>\n26,265<\/td>\n<\/tr>\n
Total stockholders’ equity<\/td>\n\u00a0<\/td>\n436,473<\/td>\n\u00a0<\/td>\n570,064<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total liabilities and stockholders’ equity <\/strong>\n <\/td>\n$<\/td>\n888,328<\/td>\n$<\/td>\n1,071,280<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
*<\/td>\nThe balance sheet data have been derived from the audited consolidated financial statements at that date.<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n
\n OTHER FINANCIAL DATA (unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three months ended September 30, <\/strong>\n <\/td>\n\u00a0<\/td>\n\n Nine months ended September 30,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2020<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2019<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash provided by\/(used in) operating activities<\/td>\n$<\/td>\n(430<\/td>\n)<\/td>\n$<\/td>\n11,523<\/td>\n\u00a0<\/td>\n$<\/td>\n11,307<\/td>\n\u00a0<\/td>\n$<\/td>\n44,475<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash provided by investing activities<\/td>\n\u00a0<\/td>\n13,862<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,244<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,598<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,384<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash used in financing activities<\/td>\n$<\/td>\n(24,736<\/td>\n)<\/td>\n$<\/td>\n(18,914<\/td>\n)<\/td>\n$<\/td>\n(60,807<\/td>\n)<\/td>\n$<\/td>\n(78,912<\/td>\n)<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n


\n
\n \n <\/div>\n

\n
Corporate Contact:\r\nIoannis Zafirakis\r\nDirector, Interim Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary\r\nTelephone: + 30-210-9470100\r\nEmail: izafirakis@dianashippinginc.com\r\nWebsite: www.dianashippinginc.com\r\n\r\nInvestor and Media Relations:\r\nEdward Nebb\r\nComm-Counsellors, LLC\r\nTelephone: + 1-203-972-8350\r\nEmail: enebb@optonline.net\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
ATHENS, Greece, Nov. 23, 2020 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the \u201cCompany\u201d), a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $13.2 million and a net loss attributed to common stockholders of $14.6 million for the third quarter of 2020, including a $6.8 million impairment loss which resulted from the agreement to sell the vessels Sideris G.S. and Coronis. This compares to net income of $1.8 million and net income attributed to common stockholders of $0.3 million reported in the third quarter of 2019. Time charter revenues were $42.3 million for the third quarter of 2020, compared to $53.5 million for the same period of 2019. The decrease … <\/p>\n
Continue reading “Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-386709","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDiana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/diana-shipping-inc-reports-financial-results-for-the-third-quarter-and-nine-months-ended-september-30-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATHENS, Greece, Nov. 23, 2020 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the \u201cCompany\u201d), a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $13.2 million and a net loss attributed to common stockholders of $14.6 million for the third quarter of 2020, including a $6.8 million impairment loss which resulted from the agreement to sell the vessels Sideris G.S. and Coronis. This compares to net income of $1.8 million and net income attributed to common stockholders of $0.3 million reported in the third quarter of 2019. Time charter revenues were $42.3 million for the third quarter of 2020, compared to $53.5 million for the same period of 2019. The decrease … Continue reading "Diana Shipping Inc. 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Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020 - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/diana-shipping-inc-reports-financial-results-for-the-third-quarter-and-nine-months-ended-september-30-2020\/","og_locale":"en_US","og_type":"article","og_title":"Diana Shipping Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2020 - Market Newsdesk","og_description":"ATHENS, Greece, Nov. 23, 2020 (GLOBE NEWSWIRE) — Diana Shipping Inc. 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