Diana Shipping (NYSE: DSX): 2018 Reboot Aids Diana Towards Steady Course

Diana Shipping (NYSE:DSX):Risk Averse Approach Leads to a Stronger Balance Sheet

Diana Shipping ( DSX US) - Earnings Weakness to Persist on Lower Charter Rates

Diana Shipping ( DSX US) - The Rally Unlikley to Rub on the Earnings

2Q17 Result Update – Diana Shipping – Higher Charter Rates Help to Narrow Losses, but Risks Persist

Lead Analyst, Drewry Maritime Financial Research

Victoria Saraglis

Lead Analyst

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Equity Bottom-Up

<p><strong>Recovery in dry bulk market evident as losses shrink to three-year low:</strong> Diana Shipping reported a net loss of USD 3.1m in the first quarter of 2018. This marks a considerable improvement from the loss of USD ~26.5m incurred in the first quarter of 2017 and the loss of ~USD 14.4m in the fourth quarter of 2017 (adjusted for the impairment loss of USD 422.5m incurred in relation to 20 vessels owned by the company). The losses subsided as a result of an increased average vessel count (50 vessels in…</p>

Recovery in dry bulk market evident as losses shrink to three-year low: Diana Shipping reported a net loss of USD 3.1m in the first quarter of 2018. This marks a considerable improvement from the loss of USD ~26.5m incurred in the first quarter of 2017 and the loss of ~USD 14.4m in the fourth quarter of 2017 (adjusted for the impairment loss of USD 422.5m incurred in relation to 20 vessels owned by the company). The losses subsided as a result of an increased average vessel count (50 vessels in…

New Dawn on the Horizon for Diana Shipping?