{"id":817581,"date":"2025-02-25T08:50:59","date_gmt":"2025-02-25T13:50:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/diana-shipping-inc-reports-financial-results-for-the-fourth-quarter-and-year-ended-december-31-2024-declares-cash-dividend-of-0-01-per-common-share-for-the-fourth-quarter-2024\/"},"modified":"2025-02-25T08:50:59","modified_gmt":"2025-02-25T13:50:59","slug":"diana-shipping-inc-reports-financial-results-for-the-fourth-quarter-and-year-ended-december-31-2024-declares-cash-dividend-of-0-01-per-common-share-for-the-fourth-quarter-2024","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/diana-shipping-inc-reports-financial-results-for-the-fourth-quarter-and-year-ended-december-31-2024-declares-cash-dividend-of-0-01-per-common-share-for-the-fourth-quarter-2024\/","title":{"rendered":"Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2024; Declares Cash Dividend of $0.01 per Common Share for the Fourth Quarter 2024"},"content":{"rendered":"
\n

ATHENS, Greece, Feb. 25, 2025 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the \u201cCompany\u201d), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $9.7 million and a net income attributed to common stockholders of $8.3 million for the fourth quarter of 2024. This compares to net income of $9.4 million and net income attributed to common stockholders of $7.9 million for the fourth quarter of 2023. Earnings per share for the fourth quarter of 2024 were $0.07 basic and $0.02 diluted, compared to earnings per share of $0.08 basic and $0.06 diluted in the same quarter of 2023.<\/p>\n

Time charter revenues were $57.1 million for the fourth quarter of 2024, compared to $60.0 million for the same quarter of 2023. The decrease in time charter revenues, compared to the same quarter last year, was due to decreased ownership days.<\/p>\n

Net income for 2024 amounted to $12.7 million and net income attributed to common stockholders amounted to $7.0 million. This compares to net income of $49.8 million and net income attributed to common stockholders of $44.1 million for 2023. Time charter revenues for 2024 were $228.2 million, compared to $262.1 million for 2023. Earnings per share for 2024 were $0.06 basic and $0.05 diluted, compared to earnings per share of $0.44 basic and $0.42 diluted for 2023.<\/p>\n

\n Dividend Declaration<\/strong>\n <\/p>\n

The Company has declared a cash dividend on its common stock of $0.01 per share, based on the Company\u2019s results of operations during the fourth quarter ended December 31, 2024. The cash dividend will be payable on March 21, 2025 to all common shareholders of record as of March 12, 2025. As of February 24, 2025, the Company has 113,763,924 common shares issued and outstanding and there were 6,394,709 warrants exercised.<\/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 Fleet Employment (As of February 24, 2025)<\/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\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n VESSEL<\/strong>\n <\/td>\n\u00a0<\/td>\n\n SISTER SHIPS*<\/strong>\n <\/td>\n\n GROSS RATE (USD PER DAY)<\/strong>\n <\/td>\n\n COM**<\/strong>\n <\/td>\n\n CHARTERERS<\/strong>\n <\/td>\n\n DELIVERY DATE TO CHARTERERS***<\/strong>\n <\/td>\n\n REDELIVERY DATE TO OWNERS****<\/strong>\n <\/td>\n\n NOTES<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\n BUILT DWT<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 9 Ultramax Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
1<\/td>\nDSI Phoenix<\/td>\n\u00a0<\/td>\nA<\/td>\n16,500<\/td>\n5.00<\/td>\n%<\/td>\nBulk Trading SA<\/td>\n6-May-24<\/td>\n1\/Aug\/2025 – 30\/Sep\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2017 60,456<\/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>\nDSI Pollux<\/td>\n\u00a0<\/td>\nA<\/td>\n14,000<\/td>\n4.75<\/td>\n%<\/td>\nCargill Ocean Transportation (Singapore) Pte. Ltd.<\/td>\n28-Dec-23<\/td>\n20\/Aug\/2025 – 20\/Oct\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2015 60,446<\/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>\nDSI Pyxis<\/td>\n\u00a0<\/td>\nA<\/td>\n14,250<\/td>\n5.00<\/td>\n%<\/td>\nASL Bulk Marine Limited<\/td>\n24-Sep-23<\/td>\n8-Nov-24<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2018 60,362<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,100<\/td>\n5.00<\/td>\n%<\/td>\nStone Shipping Ltd<\/td>\n8-Nov-24<\/td>\n20\/Feb\/2026 – 20\/Apr\/2026<\/td>\n\u00a0<\/td>\n<\/tr>\n
4<\/td>\nDSI Polaris<\/td>\n\u00a0<\/td>\nA<\/td>\n15,400<\/td>\n5.00<\/td>\n%<\/td>\nStone Shipping Ltd<\/td>\n20-Jul-24<\/td>\n1\/Jun\/2025 – 15\/Aug\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2018 60,404<\/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>\nDSI Pegasus<\/td>\n\u00a0<\/td>\nA<\/td>\n15,250<\/td>\n4.75<\/td>\n%<\/td>\nCargill Ocean Transportation (Singapore) Pte. Ltd<\/td>\n5-Sep-24<\/td>\n1\/Jun\/2025 – 1\/Aug\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2015 60,508<\/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>\nDSI Aquarius<\/td>\n\u00a0<\/td>\nB<\/td>\n14,500<\/td>\n5.00<\/td>\n%<\/td>\nStone Shipping Ltd<\/td>\n18-Jan-24<\/td>\n6-Dec-24<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2016 60,309<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,300<\/td>\n5.00<\/td>\n%<\/td>\nBunge SA, Geneva<\/td>\n6-Dec-24<\/td>\n6\/Oct\/2025 – 21\/Dec\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
7<\/td>\nDSI Aquila<\/td>\n\u00a0<\/td>\nB<\/td>\n12,500<\/td>\n5.00<\/td>\n%<\/td>\nWestern Bulk Carriers AS<\/td>\n11-Nov-23<\/td>\n23-Jan-25<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2015 60,309<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,250<\/td>\n5.00<\/td>\n%<\/td>\n23-Jan-25<\/td>\n23\/Jun\/2025 – 8\/Aug\/2025<\/td>\n1<\/td>\n<\/tr>\n
8<\/td>\nDSI Altair<\/td>\n\u00a0<\/td>\nB<\/td>\n15,750<\/td>\n5.00<\/td>\n%<\/td>\nPropel Shipping Pte. Ltd.<\/td>\n28-Sep-24<\/td>\n1\/Nov\/2025 – 31\/Dec\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2016 60,309<\/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>\nDSI Andromeda<\/td>\n\u00a0<\/td>\nB<\/td>\n13,500<\/td>\n5.00<\/td>\n%<\/td>\nBunge SA, Geneva<\/td>\n27-Nov-23<\/td>\n28\/Feb\/2025 – 20\/Apr\/2025<\/td>\n2<\/td>\n<\/tr>\n
\u00a0<\/td>\n2016 60,309<\/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 6 Panamax Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
10<\/td>\nLETO<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,000<\/td>\n5.00<\/td>\n%<\/td>\nASL Bulk Shipping Limited<\/td>\n3-May-24<\/td>\n6-Mar-25<\/td>\n3<\/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
11<\/td>\nSELINA<\/td>\n\u00a0<\/td>\nC<\/td>\n12,000<\/td>\n4.75<\/td>\n%<\/td>\nCargill International S.A., Geneva<\/td>\n20-May-23<\/td>\n17-Oct-24<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2010 75,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,500<\/td>\n5.00<\/td>\n%<\/td>\nRaffles Shipping International Pte. Ltd.<\/td>\n17-Oct-24<\/td>\n1\/Mar\/2025 – 20\/Apr\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
12<\/td>\nMAERA<\/td>\n\u00a0<\/td>\nC<\/td>\n13,750<\/td>\n5.00<\/td>\n%<\/td>\nST Shipping and Transport Pte. Ltd.<\/td>\n29-Jan-24<\/td>\n15-Dec-24<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2013 75,403<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,400<\/td>\n5.00<\/td>\n%<\/td>\nChina Resource Chartering Limited<\/td>\n15-Dec-24<\/td>\n20\/Sep\/2025-20\/Nov\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
13<\/td>\nISMENE<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,650<\/td>\n5.00<\/td>\n%<\/td>\nParalos Shipping Pte., Ltd.<\/td>\n13-Sep-23<\/td>\n15\/Apr\/2025 – 30\/Jun\/2025<\/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
14<\/td>\nCRYSTALIA<\/td>\n\u00a0<\/td>\nD<\/td>\n13,900<\/td>\n5.00<\/td>\n%<\/td>\nLouis Dreyfus Company Freight Asia Pte. Ltd.<\/td>\n4-May-24<\/td>\n4\/Feb\/2026 – 4\/Jun\/2026<\/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
15<\/td>\nATALANDI<\/td>\n\u00a0<\/td>\nD<\/td>\n14,600<\/td>\n4.75<\/td>\n%<\/td>\nCargill International SA, Geveva<\/td>\n20-Jul-24<\/td>\n1\/Jun\/2025 – 31\/Jul\/2025<\/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
\n 6 Kamsarmax Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
16<\/td>\nMAIA<\/td>\n\u00a0<\/td>\nE<\/td>\n13,000<\/td>\n5.00<\/td>\n%<\/td>\nViterra Chartering B.V.<\/td>\n16-Sep-24<\/td>\n9-Dec-24<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2009 82,193<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,600<\/td>\n5.00<\/td>\n%<\/td>\nParalos Shipping Pte. Ltd.<\/td>\n9-Dec-24<\/td>\n1\/Nov\/2025 – 31\/Dec\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
17<\/td>\nMYRSINI<\/td>\n\u00a0<\/td>\nE<\/td>\n17,100<\/td>\n5.00<\/td>\n%<\/td>\nCobelfret S.A. Luxembourg<\/td>\n25-Jun-24<\/td>\n11-Feb-25<\/td>\n4<\/td>\n<\/tr>\n
\u00a0<\/td>\n2010 82,117<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,000<\/td>\n4.75<\/td>\n%<\/td>\nCargill International SA, Geneva<\/td>\n26-Feb-25<\/td>\n1\/Jan\/2026 – 28\/Feb\/2026<\/td>\n5<\/td>\n<\/tr>\n
18<\/td>\nMEDUSA<\/td>\n\u00a0<\/td>\nE<\/td>\n14,250<\/td>\n5.00<\/td>\n%<\/td>\nASL Bulk Shipping Limited<\/td>\n14-May-23<\/td>\n21-Feb-25<\/td>\n4<\/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
19<\/td>\nMYRTO<\/td>\n\u00a0<\/td>\nE<\/td>\n12,650<\/td>\n5.00<\/td>\n%<\/td>\nCobelfret S.A., Luxemburg<\/td>\n15-Jul-23<\/td>\n23-Dec-24<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2013 82,131<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,000<\/td>\n5.00<\/td>\n%<\/td>\nNippon Yusen Kabushiki Kaisha, Tokyo<\/td>\n23-Dec-24<\/td>\n1\/Mar\/2026 – 15\/May\/2026<\/td>\n\u00a0<\/td>\n<\/tr>\n
20<\/td>\nASTARTE<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,000<\/td>\n5.00<\/td>\n%<\/td>\nParalos Shipping Pte. Ltd.<\/td>\n19-Aug-24<\/td>\n15\/Jul\/2025 – 15\/Sep\/2025<\/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
21<\/td>\nLEONIDAS P. C.<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,000<\/td>\n5.00<\/td>\n%<\/td>\nMing Wah International Shipping Company Limited<\/td>\n22-Feb-24<\/td>\n20\/Aug\/2025 – 20\/Oct\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2011 82,165<\/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 5 Post-Panamax Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
22<\/td>\nALCMENE<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,000<\/td>\n5.00<\/td>\n%<\/td>\nChina Steel Express Corporation<\/td>\n30-Sep-24<\/td>\n19-Nov-24<\/td>\n6<\/td>\n<\/tr>\n
\u00a0<\/td>\n2010 93,193<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,000<\/td>\n5.00<\/td>\n%<\/td>\nLestari Shipping Pte Ltd<\/td>\n28-Dec-24<\/td>\n16-Jan-25<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,000<\/td>\n5.00<\/td>\n%<\/td>\nPan Ocean Co., Ltd.<\/td>\n16-Jan-25<\/td>\n6-Mar-25<\/td>\n7,8<\/td>\n<\/tr>\n
23<\/td>\nAMPHITRITE<\/td>\n\u00a0<\/td>\nF<\/td>\n15,000<\/td>\n5.00<\/td>\n%<\/td>\nCobelfret S.A., Luxembourg<\/td>\n13-Jan-24<\/td>\n8-Jan-25<\/td>\n9<\/td>\n<\/tr>\n
\u00a0<\/td>\n2012 98,697<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,100<\/td>\n5.00<\/td>\n%<\/td>\n8-Jan-25<\/td>\n1\/Jan\/2026 – 15\/Mar\/2026<\/td>\n10<\/td>\n<\/tr>\n
24<\/td>\nPOLYMNIA<\/td>\n\u00a0<\/td>\nF<\/td>\n17,500<\/td>\n5.00<\/td>\n%<\/td>\nReachy Shipping (SGP) Pte. Ltd.<\/td>\n8-Jun-24<\/td>\n1\/Aug\/2025 – 30\/Sept\/2025<\/td>\n\u00a0<\/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<\/tr>\n
25<\/td>\nELECTRA<\/td>\n\u00a0<\/td>\nG<\/td>\n14,000<\/td>\n4.75<\/td>\n%<\/td>\nAquavita International S.A.<\/td>\n3-Jun-24<\/td>\n15\/Oct\/2025 – 31\/Dec\/2025<\/td>\n\u00a0<\/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
26<\/td>\nPHAIDRA<\/td>\n\u00a0<\/td>\nG<\/td>\n12,250<\/td>\n4.75<\/td>\n%<\/td>\nAquavita International S.A.<\/td>\n9-May-23<\/td>\n12-Oct-24<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2013 87,146<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,000<\/td>\n4.75<\/td>\n%<\/td>\n12-Oct-24<\/td>\n1\/May\/2025 – 15\/Jul\/2025<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n 8 Capesize Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
27<\/td>\nSEMIRIO<\/td>\n\u00a0<\/td>\nH<\/td>\n14,150<\/td>\n5.00<\/td>\n%<\/td>\nSolebay Shipping Cape Company Limited, Hong Kong<\/td>\n18-Aug-23<\/td>\n11-Feb-25<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2007 174,261<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,650<\/td>\n5.00<\/td>\n%<\/td>\n11-Feb-25<\/td>\n15\/Feb\/2026 – 15\/Apr\/2026<\/td>\n\u00a0<\/td>\n<\/tr>\n
28<\/td>\nNEW YORK<\/td>\n\u00a0<\/td>\nH<\/td>\n16,000<\/td>\n5.00<\/td>\n%<\/td>\nSwissMarine Pte. Ltd., Singapore<\/td>\n11-Jun-23<\/td>\n30-Nov-24<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2010 177,773<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,000<\/td>\n5.00<\/td>\n%<\/td>\nSTX Green Logis Ltd<\/td>\n30-Nov-24<\/td>\n11-Jan-25<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,600<\/td>\n5.00<\/td>\n%<\/td>\nSwissMarine Pte. Ltd., Singapore<\/td>\n11-Jan-25<\/td>\n15\/Jan\/2026 – 30\/Mar\/2026<\/td>\n11,12<\/td>\n<\/tr>\n
29<\/td>\nSEATTLE<\/td>\n\u00a0<\/td>\nI<\/td>\n17,500<\/td>\n5.00<\/td>\n%<\/td>\nSolebay Shipping Cape Company Limited, Hong Kong<\/td>\n1-Oct-23<\/td>\n15\/Jul\/2025 – 30\/Sep\/2025<\/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
30<\/td>\nP. S. PALIOS<\/td>\n\u00a0<\/td>\nI<\/td>\n27,150<\/td>\n5.00<\/td>\n%<\/td>\nBohai Shipping (HEBEI) Co., Ltd<\/td>\n7-May-24<\/td>\n1\/Nov\/2025 – 31\/Dec\/2025<\/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
31<\/td>\nG. P. ZAFIRAKIS<\/td>\n\u00a0<\/td>\nJ<\/td>\n26,800<\/td>\n5.00<\/td>\n%<\/td>\nNippon Yusen Kabushiki Kaisha, Tokyo<\/td>\n16-Sep-24<\/td>\n16\/Aug\/2026 – 16\/Nov\/2026<\/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<\/tr>\n
32<\/td>\nSANTA BARBARA<\/td>\n\u00a0<\/td>\nJ<\/td>\n21,250<\/td>\n5.00<\/td>\n%<\/td>\nSmart Gain Shipping Co., Limited<\/td>\n7-May-23<\/td>\n3-Dec-24<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n2015 179,426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22,000<\/td>\n5.00<\/td>\n%<\/td>\nMitsui O.S.K. Lines, Ltd.<\/td>\n27-Dec-24<\/td>\n20\/Oct\/2025 – 20\/Dec\/2025<\/td>\n13,14<\/td>\n<\/tr>\n
33<\/td>\nNEW ORLEANS<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,000<\/td>\n5.00<\/td>\n%<\/td>\nKawasaki Kisen Kaisha, Ltd.<\/td>\n7-Dec-23<\/td>\n15\/Aug\/2025 – 31\/Oct\/2025<\/td>\n14<\/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
34<\/td>\nFLORIDA<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,900<\/td>\n5.00<\/td>\n%<\/td>\nBunge S.A., Geneva<\/td>\n29-Mar-22<\/td>\n29\/Jan\/2027 – 29\/May\/2027<\/td>\n2<\/td>\n<\/tr>\n
\u00a0<\/td>\n2022 182,063<\/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 4 Newcastlemax Bulk Carriers<\/strong>\n <\/td>\n<\/tr>\n
35<\/td>\nLOS ANGELES<\/td>\n\u00a0<\/td>\nK<\/td>\n28,700<\/td>\n5.00<\/td>\n%<\/td>\nNippon Yusen Kabushiki Kaisha, Tokyo<\/td>\n20-Jul-24<\/td>\n1\/Oct\/2025 – 15\/Dec\/2025<\/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
36<\/td>\nPHILADELPHIA<\/td>\n\u00a0<\/td>\nK<\/td>\n22,500<\/td>\n5.00<\/td>\n%<\/td>\nNippon Yusen Kabushiki Kaisha, Tokyo<\/td>\n4-Feb-24<\/td>\n20\/Apr\/2025 – 20\/Jul\/2025<\/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
37<\/td>\nSAN FRANCISCO<\/td>\n\u00a0<\/td>\nL<\/td>\n22,000<\/td>\n5.00<\/td>\n%<\/td>\nSwissMarine Pte. Ltd., Singapore<\/td>\n18-Feb-23<\/td>\n28-Feb-25<\/td>\n15<\/td>\n<\/tr>\n
\u00a0<\/td>\n2017 208,006<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,000<\/td>\n5.00<\/td>\n%<\/td>\n28-Feb-25<\/td>\n25\/Oct\/2026 – 25\/Dec\/2026<\/td>\n5<\/td>\n<\/tr>\n
38<\/td>\nNEWPORT NEWS<\/td>\n\u00a0<\/td>\nL<\/td>\n20,000<\/td>\n5.00<\/td>\n%<\/td>\nNippon Yusen Kabushiki Kaisha, Tokyo<\/td>\n20-Sep-23<\/td>\n10\/Mar\/2025 – 10\/Jun\/2025<\/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
\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 * Each dry bulk carrier is a \u201csister ship\u201d, or closely similar, to other dry bulk carriers that have the same letter.<\/sup>\n <\/td>\n<\/tr>\n
\n ** Total commission percentage paid to third parties.<\/sup>\n <\/td>\n<\/tr>\n
\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.<\/sup>\n <\/td>\n<\/tr>\n
\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.<\/sup>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n 1 Charterers will compensate the Owners at a rate of 115% of the average Baltic Tess 58 Supramax Index as published by the Baltic Exchange on a daily basis or double the vessel\u2019s present charter party rate, whichever is higher, for the excess period commencing from January 10, 2025 until the actual redelivery date.<\/sup>\n <\/td>\n<\/tr>\n
\n 2 Bareboat chartered-in for a period of ten years.<\/sup>\n <\/td>\n<\/tr>\n
\n 3 Based on latest information.<\/sup>\n <\/td>\n<\/tr>\n
\n 4 Currently without an active charterparty. Vessel on scheduled drydocking.<\/sup>\n <\/td>\n<\/tr>\n
\n 5 Estimated delivery date to the Charterers.<\/sup>\n <\/td>\n<\/tr>\n
\n 6 Vessel on scheduled drydocking from November 19, 2024 until December 17, 2024.<\/sup>\n <\/td>\n<\/tr>\n
\n 7 Redelivery date based on an estimated time charter trip duration of about 40 days.<\/sup>\n <\/td>\n<\/tr>\n
\n 8 Vessel has been sold and it is expected to be delivered to her new Owners by latest March 7, 2025.<\/sup>\n <\/td>\n<\/tr>\n
\n 9 The charter rate was US$12,250 per day for the first thirty (30) days of the charter period.<\/sup>\n <\/td>\n<\/tr>\n
\n 10 The charter rate will be US$8,750 per day for the first fifty (50) days of the charter period.<\/sup>\n <\/td>\n<\/tr>\n
\n 11 The charter rate will be US$6,300 per day for the first trip of the charter period.<\/sup>\n <\/td>\n<\/tr>\n
\n 12 Vessel currently off hire for drydocking.<\/sup>\n <\/td>\n<\/tr>\n
\n 13 Vessel on scheduled drydocking from December 3, 2024 until December 27, 2024.<\/sup>\n <\/td>\n<\/tr>\n
\n 14 Bareboat chartered-in\u00a0for a period of eight years.<\/sup>\n <\/td>\n<\/tr>\n
\n 15 Estimated redelivery date from the Charterers.<\/sup>\n <\/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 Summary of Selected Financial & Other Data (unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Three months ended December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Year ended December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2023<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2024<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2023<\/strong>
\n \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 STATEMENT OF INCOME DATA (in thousands of US Dollars)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\nTime charter revenues<\/td>\n$<\/td>\n57,073<\/td>\n\u00a0<\/td>\n$<\/td>\n60,016<\/td>\n\u00a0<\/td>\n$<\/td>\n228,209<\/td>\n\u00a0<\/td>\n$<\/td>\n262,098<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nVoyage expenses<\/td>\n\u00a0<\/td>\n3,540<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,326<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,607<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,621<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nVessel operating expenses<\/td>\n\u00a0<\/td>\n19,215<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,520<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82,587<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,486<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNet income<\/td>\n\u00a0<\/td>\n9,737<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,382<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,746<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49,844<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNet income attributable to common stockholders<\/td>\n\u00a0<\/td>\n8,295<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,940<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,977<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44,075<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n FLEET DATA<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAverage number of vessels<\/td>\n\u00a0<\/td>\n38.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nNumber of vessels<\/td>\n\u00a0<\/td>\n38.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n38.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nWeighted average age of vessels<\/td>\n\u00a0<\/td>\n11.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOwnership days<\/td>\n\u00a0<\/td>\n3,496<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,746<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,219<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,986<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nAvailable days<\/td>\n\u00a0<\/td>\n3,434<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,739<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,057<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,867<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nOperating days<\/td>\n\u00a0<\/td>\n3,423<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,727<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,009<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,824<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nFleet utilization<\/td>\n\u00a0<\/td>\n99.7<\/td>\n%<\/td>\n\u00a0<\/td>\n99.7<\/td>\n%<\/td>\n\u00a0<\/td>\n99.7<\/td>\n%<\/td>\n\u00a0<\/td>\n99.7<\/td>\n%<\/td>\n<\/tr>\n
\n AVERAGE DAILY RESULTS<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nTime charter equivalent (TCE) rate (1)<\/td>\n$<\/td>\n15,589<\/td>\n\u00a0<\/td>\n$<\/td>\n15,162<\/td>\n\u00a0<\/td>\n$<\/td>\n15,267<\/td>\n\u00a0<\/td>\n$<\/td>\n16,713<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDaily vessel operating expenses (2)<\/td>\n$<\/td>\n5,496<\/td>\n\u00a0<\/td>\n$<\/td>\n5,745<\/td>\n\u00a0<\/td>\n$<\/td>\n5,808<\/td>\n\u00a0<\/td>\n$<\/td>\n5,704<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
Non-GAAP Measures<\/strong>\n <\/p>\n\n\n\n\n
(1)<\/td>\nTime charter equivalent rate, or TCE, is 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. TCE is a non-GAAP measure, and management believes it is useful to investors because it 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. TCE is used by management to assess and compare the vessels\u2019 profitability.<\/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
\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 Tuesday, February 25, 2025.<\/p>\n

Investors may access the webcast by visiting the Company\u2019s website at www.dianashippinginc.com, and clicking on the webcast link. An accompanying investor presentation also will be available via the webcast link and on the Company\u2019s website. 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 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 13751556.<\/p>\n

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

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company\u2019s vessels are employed primarily on short to medium-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 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, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, 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\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<\/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 CONSOLIDATED STATEMENTS OF INCOME<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Three months ended December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Year ended December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/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$<\/td>\n57,073<\/td>\n\u00a0<\/td>\n$<\/td>\n60,016<\/td>\n\u00a0<\/td>\n$<\/td>\n228,209<\/td>\n\u00a0<\/td>\n$<\/td>\n262,098<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n OPERATING 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>\n3,540<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,326<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,607<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,621<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nVessel operating expenses<\/td>\n\u00a0<\/td>\n19,215<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,520<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n82,587<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,486<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nDepreciation and amortization of deferred charges<\/td>\n\u00a0<\/td>\n11,368<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,508<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44,691<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49,785<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGeneral and administrative expenses<\/td>\n\u00a0<\/td>\n8,322<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,364<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33,435<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,968<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nManagement fees to a related party<\/td>\n\u00a0<\/td>\n333<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n333<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,332<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,313<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGain on sale of vessels<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(329<\/td>\n)<\/td>\n\u00a0<\/td>\n(5,799<\/td>\n)<\/td>\n\u00a0<\/td>\n(5,323<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nOther operating income<\/td>\n\u00a0<\/td>\n(215<\/td>\n)<\/td>\n\u00a0<\/td>\n(572<\/td>\n)<\/td>\n\u00a0<\/td>\n(422<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,464<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Operating income, total<\/strong>\n <\/td>\n$<\/td>\n14,510<\/td>\n\u00a0<\/td>\n$<\/td>\n15,866<\/td>\n\u00a0<\/td>\n$<\/td>\n58,778<\/td>\n\u00a0<\/td>\n$<\/td>\n85,712<\/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\/(EXPENSE)<\/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(11,620<\/td>\n)<\/td>\n\u00a0<\/td>\n(12,649<\/td>\n)<\/td>\n\u00a0<\/td>\n(47,468<\/td>\n)<\/td>\n\u00a0<\/td>\n(49,331<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nInterest and other income<\/td>\n\u00a0<\/td>\n2,361<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,369<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,170<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGain\/(loss) on derivative instruments<\/td>\n\u00a0<\/td>\n461<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(592<\/td>\n)<\/td>\n\u00a0<\/td>\n274<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(439<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nLoss on extinguishment of debt<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,475<\/td>\n)<\/td>\n\u00a0<\/td>\n(748<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\nGain on deconsolidation of subsidiary<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n844<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGain\/(loss) on related party investments<\/td>\n\u00a0<\/td>\n(1,606<\/td>\n)<\/td>\n\u00a0<\/td>\n740<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,905<\/td>\n)<\/td>\n\u00a0<\/td>\n1,502<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGain\/(loss) on equity securities<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,813<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(400<\/td>\n)<\/td>\n\u00a0<\/td>\n2,813<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGain on warrants<\/td>\n\u00a0<\/td>\n5,519<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,583<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n719<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,583<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\nGain\/(loss) from equity method investments<\/td>\n\u00a0<\/td>\n112<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(508<\/td>\n)<\/td>\n\u00a0<\/td>\n(146<\/td>\n)<\/td>\n\u00a0<\/td>\n(262<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total other expenses, net<\/strong>\n <\/td>\n$<\/td>\n(4,773<\/td>\n)<\/td>\n$<\/td>\n(6,484<\/td>\n)<\/td>\n$<\/td>\n(46,032<\/td>\n)<\/td>\n$<\/td>\n(35,868<\/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<\/strong>\n <\/td>\n$<\/td>\n9,737<\/td>\n\u00a0<\/td>\n$<\/td>\n9,382<\/td>\n\u00a0<\/td>\n$<\/td>\n12,746<\/td>\n\u00a0<\/td>\n$<\/td>\n49,844<\/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(5,769<\/td>\n)<\/td>\n\u00a0<\/td>\n(5,769<\/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 attributable to common stockholders<\/strong>\n <\/td>\n\u00a0<\/td>\n8,295<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,940<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,977<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n44,075<\/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 Earnings per common share, basic<\/strong>\n <\/td>\n$<\/td>\n0.07<\/td>\n\u00a0<\/td>\n$<\/td>\n0.08<\/td>\n\u00a0<\/td>\n$<\/td>\n0.06<\/td>\n\u00a0<\/td>\n$<\/td>\n0.44<\/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 Earnings per common share, diluted<\/strong>\n <\/td>\n$<\/td>\n0.02<\/td>\n\u00a0<\/td>\n$<\/td>\n0.06<\/td>\n\u00a0<\/td>\n$<\/td>\n0.05<\/td>\n\u00a0<\/td>\n$<\/td>\n0.42<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Weighted average number of common shares outstanding, basic<\/strong>\n <\/td>\n\u00a0<\/td>\n119,087,512<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n102,910,653<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n115,956,249<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100,166,629<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Weighted average number of common shares outstanding, diluted<\/strong>\n <\/td>\n\u00a0<\/td>\n119,685,417<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n105,488,012<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118,655,243<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n101,877,142<\/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 December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Year ended December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2023<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2024<\/strong>
\n \n <\/td>\n		\u00a0<\/td>\n\n 2023<\/strong>
\n \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<\/strong>\n <\/td>\n$<\/td>\n9,737<\/td>\n\u00a0<\/td>\n$<\/td>\n9,382<\/td>\n\u00a0<\/td>\n$<\/td>\n12,746<\/td>\n\u00a0<\/td>\n$<\/td>\n49,844<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other comprehensive income (Defined benefit plan)<\/td>\n\u00a0<\/td>\n4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Comprehensive Income<\/strong>\n <\/td>\n$<\/td>\n9,741<\/td>\n\u00a0<\/td>\n$<\/td>\n9,437<\/td>\n\u00a0<\/td>\n$<\/td>\n12,750<\/td>\n\u00a0<\/td>\n$<\/td>\n49,899<\/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
\n CONDENSED CONSOLIDATED BALANCE SHEET DATA<\/strong>\n <\/td>\n<\/tr>\n
(in thousands of U.S. Dollars)<\/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<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n\n 2023<\/strong>*
<\/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\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\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash, cash equivalents, restricted cash and time deposits<\/td>\n$<\/td>\n207,166**<\/td>\n\u00a0<\/td>\n$<\/td>\n161,592**<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investments in equity securities<\/td>\n\u00a0<\/td>\n–<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,729<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other current assets<\/td>\n\u00a0<\/td>\n18,443<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,900<\/td>\n\u00a0<\/td>\n<\/tr>\n
Fixed assets<\/td>\n\u00a0<\/td>\n880,145<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n924,474<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investments in related parties and equity method investments<\/td>\n\u00a0<\/td>\n47,240<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,087<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other noncurrent assets<\/td>\n\u00a0<\/td>\n18,024<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,628<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total assets<\/strong>\n <\/td>\n$<\/td>\n1,171,018<\/td>\n\u00a0<\/td>\n$<\/td>\n1,166,410<\/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<\/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\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\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term debt and finance liabilities, net of deferred financing costs<\/td>\n$<\/td>\n637,525<\/td>\n\u00a0<\/td>\n$<\/td>\n642,772<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n28,436<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,617<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total stockholders’ equity<\/td>\n\u00a0<\/td>\n505,057<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n489,021<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Total liabilities and stockholders’ equity<\/strong>\n <\/td>\n$<\/td>\n1,171,018<\/td>\n\u00a0<\/td>\n$<\/td>\n1,166,410<\/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<\/tr>\n
*<\/td>\nThe balance sheet data has been derived from the audited consolidated financial statements at that date.<\/td>\n<\/tr>\n
**<\/td>\nIncludes time deposits of $64 million and $40 million as of December 31, 2024 and 2023, respectively.<\/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\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three months ended December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Year ended December 31,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 2023<\/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
Net cash provided by\/(used in) operating activities<\/td>\n$<\/td>\n15,144<\/td>\n\u00a0<\/td>\n$<\/td>\n(2,235<\/td>\n)<\/td>\n$<\/td>\n83,530<\/td>\n\u00a0<\/td>\n$<\/td>\n70,380<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash provided by\/(used in) investing activities<\/td>\n\u00a0<\/td>\n(30,660<\/td>\n)<\/td>\n\u00a0<\/td>\n31,037<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(39,783<\/td>\n)<\/td>\n\u00a0<\/td>\n24,929<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash provided by\/(used in) financing activities<\/td>\n$<\/td>\n7,377<\/td>\n\u00a0<\/td>\n$<\/td>\n(16,762<\/td>\n)<\/td>\n$<\/td>\n(21,673<\/td>\n)<\/td>\n$<\/td>\n(71,145<\/td>\n)<\/td>\n<\/tr>\n<\/table>\n

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

\n
Corporate Contact:\r\nIoannis Zafirakis\r\nDirector, Co-Chief Financial Officer, Chief Strategy Officer, Treasurer\r\nand Secretary\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\r\nTelephone: + 30-210-9470100\r\nEmail: izafirakis@dianashippinginc.com\r\nWebsite: www.dianashippinginc.com\r\nX: @Dianaship\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<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
ATHENS, Greece, Feb. 25, 2025 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the \u201cCompany\u201d), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $9.7 million and a net income attributed to common stockholders of $8.3 million for the fourth quarter of 2024. This compares to net income of $9.4 million and net income attributed to common stockholders of $7.9 million for the fourth quarter of 2023. Earnings per share for the fourth quarter of 2024 were $0.07 basic and $0.02 diluted, compared to earnings per share of $0.08 basic and $0.06 diluted in the same quarter of 2023. Time charter revenues were $57.1 million for the fourth quarter … <\/p>\n
Continue reading “Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2024; Declares Cash Dividend of $0.01 per Common Share for the Fourth Quarter 2024”<\/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-817581","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDiana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2024; Declares Cash Dividend of $0.01 per Common Share for the Fourth Quarter 2024 - 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-fourth-quarter-and-year-ended-december-31-2024-declares-cash-dividend-of-0-01-per-common-share-for-the-fourth-quarter-2024\/\" \/>\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 Fourth Quarter and Year Ended December 31, 2024; Declares Cash Dividend of $0.01 per Common Share for the Fourth Quarter 2024 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATHENS, Greece, Feb. 25, 2025 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX), (the \u201cCompany\u201d), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today reported net income of $9.7 million and a net income attributed to common stockholders of $8.3 million for the fourth quarter of 2024. This compares to net income of $9.4 million and net income attributed to common stockholders of $7.9 million for the fourth quarter of 2023. Earnings per share for the fourth quarter of 2024 were $0.07 basic and $0.02 diluted, compared to earnings per share of $0.08 basic and $0.06 diluted in the same quarter of 2023. Time charter revenues were $57.1 million for the fourth quarter … Continue reading "Diana Shipping Inc. 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