Diana Shipping Inc. is a global provider of seaborne transportation focused on dry bulk commodities. The company is incorporated in the Republic of the Marshall Islands and operates from Athens, Greece, reflecting its roots in one of the world’s major maritime hubs. Its business is built around owning and commercially managing oceangoing bulk carriers that move essential raw materials across international trade routes.
The core activity is the ownership (and selective bareboat charter-in) of dry bulk vessels that are typically employed on short- to medium-term time charters. These ships carry staple cargoes such as iron ore, coal, grain, and related materials for industrial and energy supply chains worldwide. By emphasizing time charters, the company aligns capacity with shipper demand while keeping operational control of its fleet.
Diana Shipping’s fleet spans multiple size classes—Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax—allowing it to match vessel capabilities to a wide range of port constraints and voyage profiles. This mix supports global coverage, from long-haul movements of iron ore and coal to grain trades and other bulks, with deployment adjusted across the major Atlantic and Pacific basins.
A notable structural milestone was the 2021 spin-off of OceanPal Inc., which separated certain assets into a distinct publicly listed entity. The transaction distributed OceanPal shares to Diana Shipping shareholders and formalized the split through related subsidiary contributions and documentation. The move refined the corporate structure while maintaining Diana Shipping’s focus on dry bulk transportation services.