Key Developments: Diana Shipping Inc (DSX)

DSX on New York Consolidated

10.88USD
22 Aug 2014
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Latest Key Developments (Source: Significant Developments)

Diana Shipping Inc announces equity investment in Diana Containerships Inc
Monday, 28 Jul 2014 08:55am EDT 

Diana Shipping Inc:Entered into an agreement to purchase shares of the common stock of Diana Containerships Inc for an aggregate purchase price of $40 million.Concurrently with the company's investment, two institutional investors not affiliated with the company or Diana Containerships together purchased $40 million of common shares, and Simeon Palios, Chairman and Chief Executive Officer of the company.Transaction is subject to customary closing conditions and is expected to close on or prior to July 29.  Full Article

Diana Shipping Inc announces time charter contract
Monday, 7 Jul 2014 08:00am EDT 

Diana Shipping Inc:Through separate wholly owned subsidiary, it entered into time charter contract with RWE Supply & Trading GmbH, Essen, Germany.For one of its Capesize dry bulk vessels, Hull No. BC18.0-50.Gross charter rate is $25,250 per day, minus 5 pct commission paid to third parties, for period of minimum eighteen (18) months to maximum twenty-two (22) months.Charter is expected to commence upon delivery of vessel to company.  Full Article

Diana Shipping Inc announces acquisition of new-building Capesize Dry Bulk Vessel
Friday, 27 Jun 2014 08:51am EDT 

Diana Shipping Inc:Signed through separate wholly-owned subsidiary, memorandum of agreement to acquire from an unaffiliated third party seller.To acquire new-building Capesize dry bulk vessel of about 180,000 dwt, built by Qingdao Beihai Shipbuilding Heavy Industry Co., Ltd., Qingdao, People's Republic of China.Acquire for a purchase price of $58 mln.Vessel (Hull No. BC18.0-50) is expected to be delivered to buyer by mid-Aug. 2014.  Full Article

Diana Shipping Inc announces time charter contract for m/v Oceanis With Glencore
Friday, 13 Jun 2014 08:34am EDT 

Diana Shipping Inc:Enters into a time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the m/v Oceanis.Gross charter rate is $9,000 per day, minus a 5 pct commission paid to third parties, for a period of minimum seven (7) months to maximum ten (10) months.New charter period is expected to commence on June 19, 2014.  Full Article

Diana Shipping Inc announces partial exercise of over-allotment option to purchase additional 8.875 pct Series B cumulative redeemable perpetual preferred shares
Tuesday, 25 Feb 2014 08:10am EST 

Diana Shipping Inc:In connection with its previously announced underwritten public offering of 2,400,000 shares of its 8.875 pct Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share at $25.00 per share.Company has sold additional 200,000 Series B Preferred Shares on the same terms on which the 2,400,000 Series B Preferred Shares were sold to underwriters pursuant to the underwriters partial exercise of their over-allotment option.Net proceeds from the sale of additional Series B Preferred Shares pursuant to the over-allotment option were about $4.8 mln.Plans to use the net proceeds of the offering for general corporate purposes, which may include the repayment of debt and the acquisition of vessels.  Full Article

Diana Shipping Inc prices public offering of $60.0 million of its 8.875pct series B cumulative redeemable perpetual preferred shares
Monday, 10 Feb 2014 06:30pm EST 

Diana Shipping Inc:Says it priced its public offering of 2,400,000 shares of its 8.875pct Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share in an underwritten public offering at $25.00 per share.Says the gross proceeds from the offering before the underwriting discount and other offering expenses payable by the company are expected to be $60.0 million.It has granted the underwriters a 30-day option to purchase up to an additional 360,000 Series B Preferred Shares on the same terms and conditions to cover over-allotments, if any.Offering is expected to close on Feb. 14, 2014.Plans to use the net proceeds of the offering for general corporate purposes, which may include the repayment of debt and the acquisition of vessels.  Full Article

Diana Shipping Inc announces offering of preferred shares
Monday, 10 Feb 2014 09:32am EST 

Diana Shipping Inc:Says it intends to offer shares of its newly designated Series B Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share, liquidation preference $25.00 per share in an underwritten public offering.Says it intends to grant the underwriters a 30-day option to purchase additional Series B Preferred Shares.Says the company has applied to list the Series B Preferred Shares on the New York Stock Exchange under the symbol "DSXPRB".Says it plans to use the net proceeds of the offering for general corporate purposes, which may include the repayment of debt and the acquisition of vessels.Says Morgan Stanley & Co. LLC, UBS Securities LLC and Deutsche Bank Securities Inc. are acting as the joint bookrunning managers for the offering.  Full Article

Diana Shipping Inc announces direct continuation of time charter agreement for m/v Myrsini with Clearlake
Monday, 27 Jan 2014 08:40am EST 

Diana Shipping Inc:Says it has agreed to extend the present time charter contract with Clearlake Shipping Pte. Ltd., Singapore, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini.Says the gross charter rate will remain $15,500 per day, minus a 4.75 pct commission paid to third parties, for a period of up to minimum Feb. 15, 2015 to maximum May 10, 2015.  Full Article

Diana Shipping Inc Announces Acquisition Of Kamsarmax Dry Bulk Vessel
Monday, 23 Sep 2013 08:39am EDT 

Diana Shipping Inc announced that, through a separate wholly-owned subsidiary, the Company was the successful bidder at an auction that took place in Italy, on September 3, 2013, for the m/v "Stefania Lembo," a 2010 built Kamsarmax dry bulk vessel of 82,117 dwt, built by Tsuneishi Shipbuilding Co. Ltd., Japan, for a purchase price of USD22.7 million. On September 19, 2013, the judge authorized the liquidators to arrange the issuance of the Bill of Sale in favor of the Buyer. The vessel, to be renamed "Myrsini," is expected to be delivered to the Buyer at the beginning of October 2013.  Full Article

Diana Shipping Inc Announces Time Charter Contract For m/v Thetis With EDF
Friday, 16 Aug 2013 08:15am EDT 

Diana Shipping Inc announced that it has entered into a time charter contract with EDF Trading Limited, UK, through a separate wholly owned subsidiary, for one of Panamax dry bulk vessels, the m/v Thetis. The gross charter rate is USD8,300 per day, minus a 5% commission paid to third parties, for a period of minimum 22 months to maximum 27 months. The charter is expected commence by the end of August 2013.  Full Article

Symrise CFO says capital increase should happen in 12 months

FRANKFURT, May 6 - Symrise expects to raise capital in the next 12 months to help finance its acquisition of France's Diana Group, the flavour and fragrance maker's chief financial officer said on Tuesday.

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