Recent Updates — DSX-WT
Diana Shipping Inc. and Star Bulk Carriers Corp. mutually terminated their agreement under which Star Bulk would acquire 16 vessels from Genco Shipping & Trading Limited upon completion of Diana's proposed acquisition of Genco. The termination was requested by Star Bulk, citing the Genco Board’s unwillingness to negotiate. Diana’s offer to acquire all outstanding Genco shares remains on the table at $24.80 per share in cash plus one Diana share valued at $2.54 based on a 30-day volume-weighted average price as of June 16, 2026. The termination has no impact on Diana’s fully committed $1.411 billion financing for the proposed transaction from six leading international banks. This filing relates to the global shipping transportation services industry, specifically involving the ownership and bareboat charter-in of dry bulk vessels.
Diana Shipping Inc. reported net income of $20.8 million for the second quarter ended June 30, 2026, compared to $4.5 million in the prior year period. Earnings per share rose to $0.17 basic and $0.16 diluted from $0.03 previously. Time charter revenues increased to $57.3 million from $54.7 million, driven by higher average charter rates despite decreased ownership days following a vessel sale in 2025. For the six months ended June 30, 2026, net income totaled $49.9 million against $7.5 million in 2025. The company declared a quarterly cash dividend of $0.01 per common share, payable on September 11, 2026, to shareholders of record as of August 21, 2026. Diana Shipping Inc. operates in the global dry bulk shipping industry, specializing in the ownership and bareboat charter-in of vessels.
Diana Shipping Inc. announced a time charter contract for its Newcastlemax dry bulk vessel, the m/v Philadelphia, with Classic Maritime Inc. The agreement sets a gross charter rate of US$35,500 per day, net of a 5.00% commission, for a period running from a minimum of March 10, 2027, to a maximum of May 10, 2027, with commencement expected on August 8, 2026. This replaces the vessel's previous charter with Refined Success Limited at US$21,500 per day. The new employment is projected to generate approximately US$7.46 million in gross revenue during the minimum scheduled period. Diana Shipping Inc. operates in the global shipping transportation services industry, specializing in the ownership and bareboat charter-in of dry bulk vessels to transport commodities such as iron ore, coal, and grain.