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

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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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Management said the institution sold 2 vessels for astir $23.7 cardinal and drew down a $55 cardinal word indebtedness installation with the National Bank of Greece, secured by 5 vessels. The institution besides published its 2024 ESG study and maintained consistency successful its dividend payout during 2025.

Separately, absorption said Diana Shipping acquired 14.8% of Genco Shipping & Trading Limited’s issued and outstanding communal shares and aboriginal submitted a connection to get the remaining shares. Zafirakis added that Diana Shipping secured $154.4 cardinal of contracted revenues covering 71% of remaining ownership days for 2026, positive $14.5 cardinal representing 6% of ownership days for 2027. He besides said that “since yesterday” the institution had secured much than $168 cardinal successful revenues.