Diana Shipping (DSX) 2018年年度报告「NYSE」.pdf

1、2 ANNUAL REPORT 2018Diana Shipping Inc.(NYSE:DSX)is a global provider of shipping transportation services.We specialize in the ownership of dry bulk vessels.As of May 6,2019 our fleet consists of 45 dry bulk vessels(4 Newcastlemax,14 Capesize,5 Post-Panamax,5 Kamsarmax and 17 Panamax),as well as one

2、 Panamax dry bulk vessel,the“Erato”,that has been sold and expected to be delivered to her new owners at the latest by June 10,2019.As of the same date,the combined carrying capacity of our fleet,including the m/v Erato,is approximately 5.5 million dwt with a weighted average age of 9.24 years.Our f

3、leet is managed by our wholly-owned subsidiary Diana Shipping Services S.A.,or DSS and our established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited,or DWM.Among the distinguishing strengths that we believe provide us with a competitive advantage in th

4、e dry bulk shipping industry are the following:We own a modern,high quality fleet of dry bulk carriers.Our fleet includes groups of sister ships,providing operational and scheduling flexibility,as well as cost efficiencies.We have an experienced management team.We benefit from the experience and rep

5、utation of Diana Shipping Services S.A.and the relationship with Wilhelmsen Ship Management through the Diana Wilhelmsen Management Limited joint venture.We benefit from strong relationships with members of the shipping and financial industries.We have a strong balance sheet and a low level of indeb

6、tedness.Our main objective is to manage and expand our fleet in a manner that will enable us to enhance shareholder value.To accomplish this objective,we intend to pursue highly focused business strategies,including:maintaining a high quality fleet;strategically expanding the size of our fleet;pursu