Athens, Greece, November 21, 2018 – Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the commencement of a tender offer to purchase up to 4,166,666 shares, or about 3.86%, of its outstanding common stock using funds available from cash and cash equivalents at a price of US$3.60 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on December 20, 2018, unless extended...
Markets
The BDI … “stands” the test of time
John Faraclas – picture credits by Georgina Lazaridis
The BDI (Baltic Dry Index) clinches five much needed points – thanks to the “everlasting” Capes’ volatility and now stands at 1,008 points. Geopolitics in red! John Faraclas’ daily briefing:
The culprit …err the Capes “did it” again and with 54 plus points the BCI – now at 1,056 points, saved the day for all…
Panamaxes, Supras and Handies all fell; the BPI was down 23 points at 1,393 – below the 1,400 points threshold; CAUTION!
The BSI was down...
http://www.allaboutshipping.co.uk/2018/11/21/the-bdi-stands-the-test-of-time/
Daily Overview of Global Markets & the SEE Region (Tuesdasy, November 20 2018)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Taking their lead from Wall Street’s losses overnight, global equity markets were under pressure in early trade today weighed down by worries over a slowing global growth momentum, lingering US/China trade tensions, rising borrowing costs and concerns that a peak in corporate earnings is probably behind us. Global equity markets’ lackluster performance favored the safe-haven appeal of core government bonds. In FX markets, the USD...
Daily Overview of Global Markets & the SEE Region (Monday, November 19, 2018)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Following President Donald Trump’s upbeat comments on Friday that he may not impose additional tariffs on Chinese imported goods as China offered a list of potential measures in order to resolve trade tensions, the majority of global equity indices started the week on a positive tone on Monday. In the government bond markets, US Treasuries firmed with the 10yr respective yield falling a three-week low of 3.06% in European trade on...
Diana fixes on period capesize m/v Sideris GS with Berge Bulk
ATHENS, GREECE, November 19, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Berge Bulk Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Sideris GS, for a period until minimum December 15, 2019 up to maximum March 30, 2020. The gross charter rate is US$8,500 per day...
The BDI@1,023: still unsustainable amid Geopolitical turmoil
John Faraclas
The BDI (Baltic Dry Index) lost eight points earlier on today with all other dry indices in red… Geopolitics more than crucial given the MIGRANTS, BREXIT, Italy et al… John Faraclas’ daily brief:
The Capes’ BCI lost seven and now stand at 1,050 points…
A double digit loss for the Panamaxes’ BPI now at 1,437 minus 16 !!!
Supras and Handies falling too; the BSI lost five and the BHSI just one…now at 964 and 645 respectively…
The Wets still with mixed feelings; the last published BDTI...
Renminbi’s global reserve share rising, US midterms podcast
Commentary: Renminbi’s global reserve share rising
By Gary Smith in London
Asset class diversification continues to be a key theme for central bank foreign exchange reserves managers. Despite a weaker renminbi/dollar rate this year, the Chinese currency has increased its share in global reserves, according to IMF data. The latest report shows a jump in renminbi holdings of around $50bn in the second quarter of 2018. Less than a decade after the launch of the renminbi internationalisation...
Daily Overview of Global Markets & the SEE Region (Friday, November 16, 2018)
HIGHLIGHTS
WORLD ECONOMIC & MARKET DEVELOPMENTS
GLOBAL MARKETS: Mounting political uncertainty in the UK and rising fears over a disorderly, hard Brexit keep the GBP under pressure while UK Gilts and German Bunds remain well supported. In protest over the withdrawal agreement, four conservative MPs resigned, the Democratic Unionist Party (DUP) from Northern Ireland has reportedly threatened to withdraw its support from the government unless Theresa May resigns as Prime Minister and at least 14...
The BDI@1,031: between Scylla and Charybdis…
John Faraclas
The BDI (Baltic Dry Index) clinched another 11 points (like yesterday…) but remains down once again on a weekly basis. Geopolitics: between the devil and the deep blue sea… John Faraclas’ daily and weekly recap:
The weekly loss of the BDI was 116 points – down from 1,147 recorded last Friday the 9th of November. Only the Capes “bounced” back on Thursday and today, all others indices were down…
The …“enigmatic” Capes’ BCI stood at 1,057 – plus 50 points but the BCI was down on a...
http://www.allaboutshipping.co.uk/2018/11/16/the-bdi1031-between-scylla-and-charybdis/
Diana fixes panamax bulker “Thetis” on period to Hudson
ATHENS, GREECE, November 15, 2018 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk vessels, the m/v Thetis. The gross charter rate is US$10,650 per day, minus a 3.75% commission paid to third parties, for a period of minimum fourteen...
http://www.allaboutshipping.co.uk/2018/11/15/diana-fixes-panamax-bulker-thetis-on-period-to-hudson/