Diana Shipping inc. (DSX.W) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by, ladies and gentlemen, and welcome to Diana Shipping Inc. conference call on the second quarter 2026 financial results. We are joined by the company's chief executive officer, Ms. Semiramis Palewo. At this time, all participants are in a listen-only mode. There will be a presentation followed by a Q&A session. To ask a question, please press star 1 on your telephone keypad and wait for your name to be announced. Please note that this conference is being recorded. We will now turn the floor over to Ms. Paliu. Please go ahead. Thank you. Good morning, ladies and gentlemen, and welcome to Diana Shipping Inc. Second Quarter 2026 Financial Results Conference Call. I am Samira Ms. Paliu, the CEO of the company, and it's a pleasure to present alongside our esteemed team, Mr. Ioannis Zafirakis, Director and President, Ms. Maria Dede, Co-CFO and Treasurer, Mr. Dave Vanderlinden, Chief Commercial Officer of Diana Shipping Services. Before we begin, I'd like to remind everyone to review the forward-looking statements on page four of the accompanying presentation. The second quarter of 2026 maintains strong momentum, which carried over from the previous quarter. Disruption caused by geopolitical events continues to create significant inefficiencies in the market. Minerals are increasingly shifting from ordinary commodities to strategic national assets. Resource-rich countries are using their leverage to impose export and pricing controls, while import-dependent countries are scrambling to diversify supply chains and energy needs. The result is a dry bulk market supported by near-term trade flow adjustments, but still exposed to longer-term uncertainty, mainly due to considerably supply increases, especially in the sub-cape segments. For now, congestion,...