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Fleet data: Why focus on Diana Shipping’s most important asset?

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Nov. 26 2019, Updated 10:28 p.m. ET

Fleet composition

As of January 14, 2014, Diana Shipping’s fleet consists of 36 vessels, including two Newcastlemax, ten Capesize, three Post-Panamax, three Kamsarmax, and eighteen Panamax. As of the same date, the combined carrying capacity of Diana Shipping is approximately 4.1 million dwt (deadweight tonnage) with a weighted average age of 6.63 years. Diana Shipping’s fleets are managed by the company’s fully owned subsidiary, Diana Shipping Service S.A.

The importance of managing vessels

Dry bulk vessels are shipping companies’ most important assets. Companies rely on these vessels to generate revenue, but operating vessels incur a significant expenses, such as depreciation and possibly impairment. Efficient vessel management can help a company stand out among its peers.

So analyzing the company’s buying or selling vessel activities under certain conditions can help investors understand the company’s strategy and outlook, since top management will be fairly prudent when making decisions that will have a huge impact on the company.

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