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The Baltic Dry Index surges to its highest in more than a decade ([[BDRY]] +7.1%), powered by a jump in the capesize vessel segment on increasing iron ore shipments from Brazil.The benchmark sea freight index closed +9.6% to 2,710, its best mark since October 2010, capping six straight days o...
Normally, within each sector, there are some segments that are more attractive while others are less. We struggle to find such a segment within the Industrials sector, but one category does stand out above all others: Shipping. Not only is shipping the most attractive segment...
In early-January, I posted a report calling for 2021 to be "the year for shipping." Despite a phenomenal year of earnings and free cash flow, most shipping stocks struggled during 2020 due to incorrect market perceptions. In 2021, the markets have finally figured out the underlyin...
Just shy of a week after it’s becoming lodged in the Suez Canal, teams have made some progress on the 1,300-foot ship owned by the Taiwanese company Evergreen Marine Corp. This has brought needed hope that the busy trade route could soon reopen. Clearing the stranded ship would help tak...
We’re seeing a massive, synchronized explosion in global trade as economies reopen and fiscal stimulus measures ignite consumption. In 2020, container volume reached 9.2 million 20-foot equivalent units (TEUs), with total cargo handled valued at $259 billion. For the 12-mon...
Dry bulk stocks have surged as leasing rates have soared. SB.PD offers an attractive 8.3% yield. At a recent price of $24.07, SB.PD offers the potential for capital gains as well as income. Preferred dividends were well covered in Q4 and 2021 coverage will be much stronger. ...
Diana Shipping ([[DSX]] +10.5%) signs through a separate wholly-owned subsidiary, an agreement to sell the 2006-built vessel “Naias” to an unaffiliated third party, with delivery to the buyer latest by July 30, 2021.The sale price of $11.25M before commissions.Upon com...
ATHENS, Greece, March 17, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that on March 16, 2021 it signed, through a separate wholly-owned subsidiary, a Mem...
Value Investor's Edge Live continues with this latest episode focused on the small and mid-sized dry bulk segments. Grindrod Shipping is heavily focused on this market niche and has been a key beneficiary of recent rate surges. CEO Martyn Wade and CFO Stephen Griffiths joined us t...
ATHENS, Greece, March 12, 2021 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has filed its 2020 Annual Report on Form 20-F with the United States Securi...
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ATHENS, Greece, July 24, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered i...
ATHENS, Greece, July 11, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered i...
ATHENS, Greece, July 05, 2024 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has extended ...