The company, Semiramis Paliou interests, announced net profits of 7.2 million dollars and profits of 5.7 million dollars attributable to common shareholders for the third quarter, nearly double the 2024 levels, when the corresponding figures were 3.7 and 2.3 million dollars.
For the nine-month period, the picture is even more impressive: profits amounted to 14.7 million dollars compared to 3 million dollars in 2024, while profits attributable to shareholders reached 10.4 million dollars, reversing last year’s loss of 1.3 million dollars.
Despite the decrease in time charter revenues to 51.9 million dollars, compared to 57.5 million dollars last year -due to vessel sales- margins remained strong.
The company achieved a TCE of $15,178 per day for the third quarter and $15,473 for the nine-month period, maintaining steady performance despite the reduction of the fleet from 38 to 36 vessels.
Operating revenues for the third quarter were 10.9 million dollars, while the net result was boosted by gains on equity securities, while absorbing losses from affiliated companies.
The corporate presentation also includes a balanced analysis of the forces that will determine the freight market in the coming months.
Specifically, according to the listed company, positive factors include strong grain exports from South America and upgraded soybean exports from the
USA, enhanced coal exports from Indonesia, the gradual de-escalation of tariffs between the USA and other markets, the continuation of Red Sea bypasses in 2025-2026, high steel product exports from China and the commencement of iron ore shipments from Simandou in Guinea.
Conversely, negative factors are considered to be the decline in global steel production (excluding India), the fleet growth rate exceeding demand growth, the strengthening of Renewable Energy Sources (wind, nuclear, solar) in China, limiting coal demand, the long-term reduction of coal imports by China and the risk of failure of trade negotiations between the USA and partners.
Diana Shipping continues to focus on maintaining a quality fleet and securing revenues through medium to long-term time charters.
The company currently has 36 vessels in the water, with an average age of 11.97 years, with an impressive fleet utilization of 99.5% for the nine months of 2025.
As noted, the company’s strategy remains focused on ensuring stable cash flows through targeted chartering agreements with reputable charterers of international standing.
Recent moves include: The sale of the m/v Selina for $11.8 million in July 2025, the signing of a new $55 million loan with the National Bank of Greece in September, strengthening liquidity and capital flexibility.
At the same time, continuous energy and environmental investments are recorded, with two newly built dual-fuel methanol vessels joining the delivery plan for the coming years, while the ownership of 14.93% of Genco Shipping & Trading, which provides strategic influence in the dry bulk market, is also of particular importance.
In terms of revenues, the company has already “locked in” $25.4 million for the remainder of 2025 and $118.3 million for 2026, ensuring high predictability of cash flows.
The company continues its policy of returning value to shareholders, announcing a dividend of $/share for the third quarter of 2025, as part of the consistent distribution it has maintained since 2021.
It is worth noting that with a strong balance sheet ($133.9 million in cash and cash equivalents and 54% net debt-to-market value) and a consistent risk management strategy, Diana Shipping declares itself ready to navigate a market characterized by geopolitical tensions, but also by a structural strengthening of demand for bulk cargoes.
