Dry bulk shipper Diana Shipping (DSX) reported their Q2 2024 results recently.
- Rev of $56M
- Net Loss of $2.8M (Adjusted Net Loss of $4.2M)
- Declared div of 7.5c.sh
With the second generation of Palios family in the top spot, this is a family-run business. Fleet age is somewhere in the middle - generally not too old, not the youngest. My biggest beef with DSX mgmt is they seem to lock into TCs very quickly, and thus end up with lots of “below-average” chartered vessels.
Owner of DSX warrants (slightly underwater)