Business

Stock News Alert: Diana Shipping Inc. (NYSE:DSX)

On March 26, 2020, Diana Shipping Inc. (NYSE:DSX) a global shipping company specializing in the ownership of dry bulk vessels, released that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v P. S. Palios, for a period of about thirteen (13) months to maximum fifteen (15) months. The gross charter rate is US$6,000 per day for the first thirty five (35) days of the charter period and US$12,050 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties. The charter commenced on March 24, 2020.

The P. S. Palios is a 179,134 dwt Capesize dry bulk vessel built in 2013.

This employment is anticipated to generate approximately US$4.31 million of gross revenue for the minimum scheduled period of the time charter.

The Greece based company Diana Shipping Inc. moved with change of -7.28% to $1.4 with the total traded volume of 253787 shares in recent session versus to an average volume of 361.64K. The stock was observed in the 5 days activity at 7.69%. The one month performance of stock was -33.33%. DSX’s shares are at -54.40% for the quarter and driving a -50.70% return over the course of the past year and is now at -54.98% since this point in 2018.  Right now the stock beta is 1.22. The average volatility for the week and month was at 8.91% and 8.98% respectively. There are 114.07M shares outstanding and 85.57M shares are floated in market.

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