Diana Shipping Q3 2023

Announced earlier today

  • Revenue of $62.1M
  • Net income of $7.4M
  • Fleet TCE avg of $15,891
  • Div of 15c/sh maintained

Quite impressed with Diana’s TCE average. When initially scanning DSX’s rates for the Ultramax and Panamax, I was thinking more like a $14.5K avg. Probably the Cape category (Cape, Newcastlemax) end up bailing DSX out this quarter. Need to delve into those vessel stats.