Diana Shipping Details Buybacks, Genco Bid, and Decarbonization Plan at Capital Link Conference

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MarketBeat

Sat, January 31, 2026 astatine 5:39 PM CST 9 min read

Diana Shipping logo

Diana Shipping logo
  • Corporate actions and Genco bid: Diana repurchased astir 11.5 cardinal shares for $22.9 cardinal successful 2025, bought a 14.8% involvement successful Genco and submitted an all-cash $20.60-per-share takeover connection (rejected by Genco’s board), past announced plans to nominate six directors to Genco’s 2026 board; the connection is backed by shipping-bank financing letters for up to $1.1 billion.

  • Revenue visibility and fiscal position: Management has locked successful astir 71% of remaining 2026 ownership days with mean fixed revenues adjacent $17,700/day, reports currency of $133 cardinal and a loan-to-value rising to 53%, and estimates a currency break-even astir $16,800/day with implied affirmative publication for 2026 utilizing existent FFA curves.

  • Decarbonization and fleet renewal: Diana has a ceremonial decarbonization program (operational measures and retrofits that improved ratio by ~15%) and is renewing the fleet with 2 methanol dual-fuel Kamsarmax newbuilds owed end-2027/early-2028 to enactment alternative-fuel capability.

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Diana Shipping (NYSE:DSX) outlined its fleet profile, superior allocation activity, chartering strategy, and views connected marketplace conditions and decarbonization during a Capital Link firm presumption webinar featuring members of the company’s elder absorption team.

Ioannis Zafirakis, speaking for the company, said Diana Shipping’s predecessors were founded successful 1972 and that Diana Shipping Inc. went nationalist successful 2005. He described the institution arsenic a planetary supplier of adust bulk shipping proscription services done vas ownership and bareboat chartering, with vessels employed chiefly connected short- to medium-term clip charters carrying cargos specified arsenic robust ore, coal, grain, and different adust bulk materials.

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Management said that successful the archetypal 9 months of 2025, the institution carried much than 17.5 cardinal tons and employed much than 950 radical crossed enactment and sea-based roles. As of Jan. 26, 2026, Diana Shipping owned 36 vessels and had 2 methanol dual-fuel propulsion Kamsarmax newbuildings connected order, with expected transportation astatine the extremity of 2027 and opening of 2028. The institution reported an mean fleet property of 12.17 years, a carrying capableness supra 4 cardinal deadweight tons, and mean utilization of 99.5% arsenic of September 2025.

In reviewing 2025 highlights, Zafirakis said the institution repurchased adjacent to 11.5 cardinal communal shares for an aggregate $22.9 million. He besides said Diana Shipping became a strategical spouse successful 27,500 cubic metre semi-refrigerated LPG newbuildings during the year, and noted the institution held a 20-year NYSE listing day lawsuit that included a closing doorbell ceremonial and capitalist day.


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