Incorporated in the Marshall Islands, Diana Shipping Inc. operates a diverse fleet of dry bulk carriers, including Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax vessels. The company does not trade the underlying cargo but instead sells ocean transport capacity to customers requiring the movement of raw materials. Its business model centers on securing time charters, which provide a stable revenue stream in the cyclical dry bulk market. By maintaining a modern fleet and focusing on high utilization rates, the company serves major global trade routes. Diana Shipping also actively manages its asset portfolio through vessel acquisitions and sales to optimize its carrying capacity.
