About us

We are a global provider of shipping transportation services, owners of a modern, high quality fleet of dry bulk carriers.

Diana Shipping Inc. (NYSE: DSX) is a global provider of shipping transportation services.

We specialize in the ownership and bareboat charter-in of dry bulk vessels. As of April 18, 2024, our fleet consists of 40 dry bulk vessels, excluding the two methanol dual fuel new-building Kamsarmax dry bulk vessels, not yet delivered, and including m/v Houston which has been sold and expected to be delivered to their new Owners latest by September 16, 2024, respectively: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 10 Ultramax (including a partial interest through a joint venture arrangement in one Ultramax). As of the same date, the combined carrying capacity of our fleet (excluding m/v DSI Drammen and the two methanol dual fuel new-building Kamsarmax dry bulk vessels and including m/v Houston) is approximately 4.4 million dwt with a weighted average age of 10.71 years.

Our fleet is managed by our wholly-owned subsidiary Diana Shipping Services S.A. and our established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited.

Our main objective is to manage and expand our fleet in a manner that will enable us to enhance shareholder value.

To accomplish this objective, we intend to pursue highly focused business strategies, including: maintaining a high quality fleet; strategically expanding the size of our fleet; pursuing an appropriate balance of short-term and long-term time charters; maintaining a strong balance sheet; and maintaining low cost, highly efficient operations. In addition, we intend to capitalize on our reputation for high standards of performance, reliability and safety to establish and maintain relationships with major international charterers and financial institutions.

Among the distinguishing strengths that we believe provide us with a competitive advantage in the dry bulk shipping industry are the following:
We own a modern, high quality fleet of dry bulk carriers.
High Quality Fleet
Our fleet includes groups of sister ships, providing operational and scheduling flexibility, as well as cost efficiencies.
Experienced Team
We have an experienced management team.
High reputation
We benefit from the experience and reputation of Diana Shipping Services S.A. and the relationship with Wilhelmsen Ship Management through the Diana Wilhelmsen Management Limited joint venture.
Strong relationships
We benefit from strong relationships with members of the shipping and financial industries.
Solid balance sheet
We have a strong balance sheet and a low level of indebtedness.