Diana Shipping Inc (DSX)
$1.38 0.00 (0.00%)
10:10 EDT DSX Stock Quote Delayed 30 Minutes
Previous Close -
Market Cap 148.94M
PE Ratio -0.27
Volume (Avg. Vol.) 6,233
Day's Range 1.37 - 1.38
52-Week Range 1.25 - 4.15
Dividend & Yield N/A (N/A)
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Why Rite Aid Corporation (RAD), International Business Machines Corp. (IBM) and Diana Shipping Inc. (DSX) Are 3 of Today’s Worst Stocks
International Business Machines (IBM), Rite Aid (RAD) and Diana Shipping (DSX) shareholders couldn't wait to hear Wednesday's closing bell ring.
Through its wholly-owned subsidiary, Diana Shipping (DSX +1.4%) signed a Memorandum of Agreement to sell the 2006-built vessel Sideris GS for $11.5M to an unaffiliated third party.Delivery scheduled latest by January 20, 2021.On sale completion, Diana's fleet consist of 38 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 12 Panamax).Combined carrying capacity, including the m/v Sideris GS and the m/v Coronis, is ~5M dwt with a weighted average age of 9.96 years.Quick look at the company's Fleet Employment Bar Chart here.
Through a separate wholly-owned subsidiary, Diana Shipping (DSX -3.5%) has signed a time charter contract with Koch Shipping, Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Newport News at the gross charter rate of $18,400 per day, minus a 5% commission paid to third parties, for a period until minimum 16 October 2021 up to maximum 30 December 2021.The charter is expected to commence later today.The m/v Newport News is currently chartered to SwissMarine Services S.A., Geneva, at a gross charter rate of $16,500 per day, minus a 5% commission paid to third parties.
From Market News Video
Through a separate wholly-owned subsidiary, Diana Shipping (DSX -2.8%) entered into a time charter contract with Hong Kong-based Ausca Shipping for 2015-built m/v Melia, its Panamax dry bulk vessels of 76,225 dwt.Gross charter rate is $10K/day, plus $500K gross ballast bonus, minus a 5% commission paid to third parties, for eight months to maximum ten months; charter is expected to commence on August 20, 2020.The employment is expected to generate ~$2.75M gross revenue for the minimum scheduled period of the time charter.Currently, Diana's combined carrying capacity (including the m/v Arethusa) is 5.1M dwt with a weighted average age of 9.89 years.
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