Diana Shipping (DSX) Capital Link’s 2026 Virtual Corporate Presentation Series summary

Executive team and company overview

• Senior management introduced, each with over 20 years of industry experience, highlighting expertise in finance, technical operations, commercial strategy, and governance.

• Company operates a global dry bulk fleet of 36 vessels, with two methanol dual-fuel Kamsarmax newbuilds expected by 2027-2028.

• Fleet has an average age of 12.17 years and a carrying capacity above 4 million DWT, with high utilization rates and a strong focus on ESG.

2025 highlights and financial performance

• Repurchased 11.5 million shares for $22.9 million and sold two vessels for $23.7 million.

• Drew down a $55 million term loan, secured by five vessels, and maintained consistent dividend payouts.

• Acquired 14.8% of Genco Shipping & Trading and proposed to acquire the remaining shares at $20.6 per share, offering a significant premium.

• Secured $154.4 million in contracted revenues for 2026 and $14.5 million for 2027.

Chartering strategy and market outlook

• Maintains a disciplined, non-speculative chartering approach with medium to long-term contracts, securing $17,700/day for 2026 and 71% of days fixed.

• No debt maturities before 2029, supporting financial stability.

• Cash break-even for 2026 is $16,800/day, with projected revenues above this level, ensuring positive cash flow.