Diana Shipping Inc. (DSX) news stock charts
Diana Shipping Inc. (DSX) Investment Summary:
Diana Shipping Inc., through its subsidiaries, provides shipping transportation services. The company focuses on the transportation of dry bulk cargoes, such as iron ore, coal, grain, and other materials along worldwide shipping routes. As of December 31, 2008, its shipping fleet consisted of 13 Panamax dry bulk carriers and 6 Capesize dry bulk carriers with a combined carrying capacity of approximately 2 million deadweight tonnage. Diana Shipping charters its vessels to various national, regional, and international chartering companies. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping was founded in 1999 and is based in Athens, Greece.www.dianashippinginc.com
Founded in 1999
DIANA SHIPPING INC (DSX:NYSE)
LAST $14.24 USD
CHANGE TODAY -0.24 -1.66%
VOLUME 1.2M
As of 8:04 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of DIANA SHIPPING INC (DSX)
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OPEN
$14.37
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PREVIOUS CLOSE
$14.48
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DAY HIGH
$14.45
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DAY LOW
$13.95
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52 WEEK HIGH
06/1/09 - $19.00
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52 WEEK LOW
03/30/09 - $11.27
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MARKET CAP
1.2B
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AVERAGE VOLUME 10 D
1.2M
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EPS TTM
$1.56
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SHARES OUTSTANDING
81.4M
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EX-DATE
12/12/08
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P/E TTM
9.1x
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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Key developments for DIANA SHIPPING INC (DSX)
Diana Shipping Inc. Announces Delivery of Capesize Bulk Carrier m/v New York; Commencement of Time Charter Contract with Nippon Yusen Kaisha
03/3/2010
Diana Shipping Inc. announced that the company took delivery of the newly-built m/v New York, a 177,773 dwt Capesize dry bulk carrier built by Shanghai Waigaoqiao Shipbuilding Co. Ltd, on March 1, 2010. As previously announced, the New York is chartered to Nippon Yusen Kaisha for a minimum fifty eight (58) to a maximum sixty two (62) month period at a gross rate of USD 48,000 per day. The charter commenced March 3, 2010. During the minimum period, this employment is expected to generate gross revenues of approximately USD 84 million.
Diana Shipping Inc. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on February 23, 2010).
02/23/2010
Diana Shipping Inc. expected to Report Q1 2010 Results on April 26, 2010. This event was calculated by Capital IQ (Created on February 23, 2010).
Diana Shipping Inc. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2009
02/23/2010
Diana Shipping Inc. reported consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2009. For the quarter, the company reported net income of $27.6 million or $0.34 per share. This compared to net income of $54.2 million or $0.72 per share reported in the fourth quarter of 2008. Voyage and time charter revenues were $58.6 million for the fourth quarter of 2009, compared to $84.3 million for the same period of 2008, due to a decrease in prevailing time charter rates and increased off-hire and drydock days. Operating income for the quarter was $28.09 million against $55.547 million for the same quarter last year. Net cash from operating activities for the quarter of 2009 was $40.473 million against $63.024 million for the same quarter of 2008. Net income for the year ended December 31, 2009 amounted to $121.5 million or $1.55 per share, compared to net income of $221.7 million or $2.97 per share for 2008. Voyage and time charter revenues were $239.3 million for the year ended December 31, 2009, compared to $337.4 million for 2008. Operating income for the year was $124.336 million against $225.837 million for the year 2008. Net cash from operating activities for the year 2009 was $151.903 million against $261.151 million for the year 2008.
Diana Shipping Inc. financial resources
DSX Competitors
| Company | Last | Change |
| Danaos Corp | $4.90 USD | +0.34 |
| Eagle Bulk Shipping Inc | $5.23 USD | -0.14 |
| Paragon Shipping Inc | $4.62 USD | -0.08 |
| Safe Bulkers Inc | $6.97 USD | -0.39 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | DSX | Industry Range |
| Price/Earnings | 9.2x |
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| Price/Sales | 4.8x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 7.0x |
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| TEV/Sales | 2.5x |
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DSX |
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DSX transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Diana Shipping Inc.
Buzz on the Street: Research in Motion Breaks Above Resistance
2010-03-15 07:01:13
Keywords: rimm,buzz,banter,trading,finance,markets,BUSINESS & MARKETS ,RIMM,BAC,C,AAPL,BIDU
Quote: The only blight on this session for me is the nick that Diana ShippingDSX) decided to give me as I played stubborn and didn’t cut all of my position early on. Another lesson learned that when a momentum name does not get up and go immediately, get out. They’re not big movers, or at least they weren’t, but I’ve added both BAC and General ElectricGE) today, with day low stops. I guess bid is in.Positions in GE, BACWednesday, March 10, 2010Treasury Outlook for Mar 10, 2010Mi...Read article
A Pair of Pro Favorites In Dry Bulk Shipping
2010-03-12 03:09:21
Quote: At the end of the fourth quarter, a number of Pros had big bets in the dry bulk sector, and despite mixed opinions in the lower ranks a pair of clear favorites emerged.The largely commodity-tied dry bulk shipping sector got beat up when the global economy slowed in 2008, and unlike some other industries, it hasn't been a quick rebound.The Baltic Dry Index, which serves as an industry pricing benchmark, surged higher towards the end of 2009, only to pare most of its gains in December and into ear...Read article
Diana Shipping Inc. Announces Delivery of the Capesize Bulk Carrier m/v New York and Commencement of Time Charter Contract With Nippon Yusen Kaisha
2010-03-11 08:22:12
Quote: The charter commenced today.During the minimum period, this employment is expected to generate gross revenues of approximately US$84 million.About the CompanyDiana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may ...Read article
DryShips Soars on Buyout Rumors
2010-03-11 08:22:11
Quote: As of this writing, KirbyNYSEKEXNews) remains the largest component of the Dry Bulk Shipping Stocks Index, weighing in at $1.8 billion.DryShips is the runner-up in this category, followed by Diana ShippingNYSEDSXNews).It will be interesting to see how traders react to any subsequent developments related to the confirmation or denial of the buyout rumors.Given that no official reports have surfaced, investors can attribute today's spike to pure speculation.30 cheapest tickerspy Indexes by P/E rat...Read article
Diana Shipping Inc. Announces Delivery of the Capesize Bulk Carrier m/v New York and Commencement of Time Charter Contract With Nippon Yusen Kaisha
2010-03-04 07:51:31
Quote: The charter commenced today.During the minimum period, this employment is expected to generate gross revenues of approximately US$84 million.About the CompanyDiana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may ...Read article
Diana Shipping 4Q profit plunges
2010-02-25 08:56:25
Quote: NEW YORK (AP) -- Diana Shipping said Tuesday its fourth-quarter earnings plunged as demand for the commodities it carries stayed weak.The Greek drybulk shipper, which hauls items including iron ore, grain and cement, earned $27.6 million, or 34 cents per share, compared with $54.2 million, or 72 cents per share, a year earlier.Voyage and time charter revenue fell to $58.6 million from $84.3 million in the fourth-quarter of 2008.Analysts polled by Thomson Reuters expected profit of 34 cents per s...Read article
Diana Shipping: 'We Fear a Glut'
2010-02-24 01:46:49
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Scott Eden ,Earnings
Quote: (Updated to provide analyst commentary and for stock-price movement.)TheStreet) -- Diana ShippingDSX Quote) reported a steady-as-she-goes fourth quarter Tuesday, matching analysts' profit estimates, even as the company once again sounded its bearish view of the industry's supply-demand balance.Diana has made no secret of its fear that a glut of newly built ships could spark another downcycle -- if not a full-scale bust -- in the dry-bulk shipping industry.This time, the company's chief, Simeon P...Read article
Diana Shipping 4Q profit plunges
2010-02-24 01:46:49
Quote: NEW YORK (AP) -- Diana Shipping said Tuesday its fourth-quarter earnings plunged as demand for the commodities it carries stayed weak.The Greek drybulk shipper, which hauls items including iron ore, grain and cement, earned $27.6 million, or 34 cents per share, compared with $54.2 million, or 72 cents per share, a year earlier.Voyage and time charter revenue fell to $58.6 million from $84.3 million in the fourth-quarter of 2008.Analysts polled by Thomson Reuters expected profit of 34 cents per s...Read article
Diana Shipping Inc. Q4 2009 Earnings Call Transcript
2010-02-24 01:46:48
Quote: Diana Shipping Inc. (DSX)
Q4 2009 Earnings Call Transcript
February 23, 2010 9:00 am ET
Executives
Edward Nebb – IR Advisor
Simeon Palios – Chairman and CEO
Anastassis Margaronis – President
Andreas Michalopoulos – CFO and Treasurer
Ioannis Zafirakis – EVP and Secretary
Analysts
Jon Chappell – J.P. Morgan Chase
Gregory Lewis – Credit Suisse
Scott Burk – Oppenheimer & Company
Michael Weber – Deutsche Bank
Rob MacKenzie –...Read article
Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2009
2010-02-23 08:24:44
Quote: Voyage and time charter revenues were $239.3 million for the year ended December 31, 2009, compared to $337.4 million for 2008.Chairman and Chief Executive Officer's Comments"Diana Shipping Inc. has delivered another profitable quarter while at the same time implementing our strategy to build the company in a consistent and disciplined manner. It is our view that the actual deliveries of dry bulk vessels in the next two years will not be easily absorbed by the growth in demand, although demand i...Read article
Diana Shipping Inc. Agrees to Invest US$50 Million for a 38% Stake in Previously Announced New Containership Project
2010-02-17 04:40:28
Quote: DSXNews) ("Diana Shipping"), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has agreed to invest US$50 million in the previously announced new project involving a company formed for the purpose of investing in containerships. The investment by Diana Shipping is equivalent to an interest of approximately 38% of the common shares of the new company. The balance of the new company's common shares is being purchased by institutional an...Read article
Diana Shipping Inc. Schedules Fourth Quarter and Year-End 2009 Earnings Release and Conference Call
2010-02-03 01:05:11
Quote: (Eastern Standard Time) on Tuesday, February 23, 2010.www.dianashippinginc.com, 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.www.dianashippinginc.com. A telephone replay will be available by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers),...Read article
Diana Shipping Inc. Announces Delivery of Panamax Bulk Carrier
2010-02-01 03:35:49
Quote: The charter commenced on January 29, 2010.During the minimum period, this employment is expected to generate gross revenues of approximately US$8 million.About the CompanyDiana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press...Read article
Dry Bulk Shipping Losers: Navios, Kirby
2010-01-29 03:34:17
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Scott Eden ,Transportation
Quote: Investors took notice and drove Navios shares higher.Still, Yagerman said that to increase its dividend from here, Navios will need to expand its fleet, and possibly raise capital in the equities markets to do so, heightening the riskiness of a Navios investment.Even though the stock is trading at a steep premium to such names as Diana ShippingDSX Quote) and Genco Shipping & TradingGNK Quote) -- which Yagerman thinks is "warranted" -- "we believe upside to this premium may be limited near-term,"...Read article
Shipping Stocks Earn More Upgrades
2010-01-26 03:47:09
Quote: Torm SteamshipTRMDNews), Navios Maritime HoldingsNMNews), and EuroseasESEANews) were the only stocks to stay positive for the period.Shipping Stocks Index after Cantor upgraded the stock to Hold from Sell.Today's optimism for the shipping segment follows a slew of upgrades from Deutsche Bank earlier this month.DryShips, Diana ShippingDSXNews), Genco ShippingGNKNewsvarious Chinese equity sectors got crushed during last week's sell off, so it will be interesting to see if the thesis holds.the top-...Read article
UPDATE - Diana Shipping says to form new containership company
2010-01-19 03:34:08
Keywords: Marine (sub-industry),United States of America,Seaborne transport of dry bulk freight,Corporate Results Forecasts,Management issues/policy,Mergers and Acquisitions (including Changes of Ownership),Contract between 2 or more corporate entities,
Quote: UPDATE 1-Diana Shipping says to form new containership company
* Says to invest $50 mln for minority stake * Says to exclusively invest in containerships via new co Jan 15 (Reuters) - Greek dry bulk carrier Diana Shipping
Inc (DSX.N) said it intends to participate in the formation of
a new company that will invest in and operate containerships
over the next 12 to 18 months. Diana said it plans to invest about $50 million for a
minority stake in the new company, with balance being raised in
a pri...Read article
Diana Shipping Inc. Announces Intention to Participate in New Containership Project
2010-01-19 03:34:08
Quote: Diana Shipping intends to invest $50 million for a minority stake in the project, with the balance being raised in a private offering to institutional and accredited investors. Diana Shipping's wholly-owned management company would also enter into administrative and vessel management agreements with the new company, and certain Diana Shipping executives would also hold positions as executives of the new company. In addition, Diana Shipping would agree with the new company, as long as the adminis...Read article
Diana Shipping to invest in container co.
2010-01-19 03:34:06
Quote: NEW YORK (AP) -- Greek drybulk shipper Diana Shipping Inc. said Friday it will pay $50 million for a minority stake in a new company that is expected to invest in containerships over the next 12 to 18 months.The company said it will launch a private offering to institutional and accredited investors to raise funds.Diana Shipping's wholly owned management company would also enter into administrative and vessel management agreements with the new company, and certain Diana Shipping executives would...Read article
Diana Shipping Inc. Announces Time Charter Contracts for m/v Melite and m/v Thetis
2010-01-12 01:13:13
Quote: The charter is expected to commence in the middle of March 2010.
These employments are anticipated to generate approximately US$15.5 million of gross revenue for the minimum scheduled period of the charters.
The m/v Melite is a 76,436 dwt Panamax dry bulk carrier built in 2004 and the m/v Thetis a 73,583 dwt Panamax dry bulk carrier built in 2004.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk c...Read article
Diana Shipping Inc. Announces Time Charter Contracts for m/v Nirefs and m/v Erato
2010-01-11 02:34:04
Quote: The charter is expected to commence in the middle of March 2010.
These employments are anticipated to generate approximately US$27.5 million of gross revenue for the minimum scheduled period of the charters.
The m/v Nirefs is a 75,311 dwt Panamax dry bulk carrier built in 2001 and the m/v Erato is a 74,444 dwt Panamax dry bulk carrier built in 2004.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk...Read article
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