Diana Shipping Secures Major Loan to Strengthen Growth Strategy

Author: Dylan Bailey Updated: 10-01-2025 09:16 AM

Diana Shipping Inc. Secures $55 Million Loan for Growth

ATHENS, Greece — Diana Shipping Inc. (NYSE: DSX), an innovative global shipping company known for its expertise in the ownership and chartering of dry bulk vessels, is excited to announce a significant financial boost today. The company has successfully locked in a US$55 million six-year secured term loan facility with the National Bank of Greece S.A., with the funds drawn down immediately to strengthen its capital structure.

Strategic Growth and Financial Flexibility

Mr. Ioannis Zafirakis, who holds multiple executive roles within the company, including Director and Co-Chief Financial Officer, expressed enthusiasm about this financial step. He stated: “Through this strategic transaction, the Company reaffirms its commitment to optimizing its capital structure while enhancing its operational and investing flexibility.” This loan is a clear indication of the company's proactive approach to managing its financial resources effectively.

Expanding Fleet and Delivery Expectations

Diana Shipping Inc. boasts a robust fleet of 36 dry bulk vessels, which includes various types such as Newcastlemax, Capesize, and Ultramax vessels. Looking ahead, the company is poised for further growth with the anticipated delivery of two new Kamsarmax dual-fuel vessels expected between 2027 and 2028. This expansion strategy signifies the company’s commitment to modernizing its fleet and improving operational efficiencies.

Company's Fleet Strength and Age

The current carrying capacity of Diana Shipping Inc.'s fleet stands around 4.1 million deadweight tons (dwt), with an average vessel age of 11.85 years, showcasing a well-maintained and high-capacity fleet. The investments and enhancements being made emphasize the company’s dedication to providing dependable services in an ever-evolving market.

About Diana Shipping Inc.

Diana Shipping Inc. is a leading global provider of shipping transportation services, focusing on owning and chartering dry bulk vessels. The vessels operate predominantly on short to medium-term time charters, facilitating the transport of essential bulk commodities such as iron ore, coal, and grains across international waters. This operational model ensures that the company remains a significant player in the global shipping arena.

Corporate Information and Contacts

The corporate team at Diana Shipping Inc. is dedicated to maintaining transparency and open communication. You can reach out to them through the following contact information:

Corporate Contact:
Director, Co-Chief Financial Officer,
Chief Strategy Officer,
Treasurer and Secretary
Telephone: +30-210-9470-100
Email: izafirakis@dianashippinginc.com
Website: www.dianashippinginc.com
X: @Dianaship

Frequently Asked Questions

What is the purpose of the $55 million loan obtained by Diana Shipping?

The loan aims to optimize Diana Shipping’s capital structure and enhance its financial flexibility to support operational needs and future growth.

How many vessels are in Diana Shipping's fleet?

Diana Shipping Inc. currently operates a fleet of 36 dry bulk vessels.

What types of bulk vessels does Diana Shipping operate?

The fleet comprises various types of dry bulk vessels, including Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax ships.

When are the new Kamsarmax vessels expected for delivery?

The company expects to receive two new Kamsarmax dual-fuel vessels between 2027 and 2028.

How can I contact Diana Shipping's corporate office?

You can reach the corporate office via telephone at +30-210-9470-100 or through email at izafirakis@dianashippinginc.com.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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