Diana Shipping (DSX) 6-K 12 Sep 24 2024 Q2 Current report (foreign) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2024
Entity Listings [Line Items]
Document type	6-K
Document period end date	Jun. 30, 2024
Current fiscal year end date	--12-31
Entity registrant name	DIANA SHIPPING INC.
Entity central index key	0001318885
Document fiscal year focus	2024
Document fiscal period focus	Q2
Amendment flag	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 100,541	$ 101,592
Time deposits (Note 2)	20,000	40,000
Accounts receivable, trade	7,278	5,870
Inventories	4,715	5,056
Prepaid expenses and other assets	18,520	8,696
Investments in equity securities	0	20,729
Vessel held for sale	18,425	0
Fair value of derivatives	148	129
Total Current Assets	169,735	182,221
Fixed Assets:
Advances for vessels under construction (Note 6)	16,583	0
Vessels, net (Note 6)	851,898	900,192
Property and equipment, net (Note 7)	26,658	24,282
Total fixed assets	895,139	924,474
Other Noncurrent Assets
Restricted cash, non-current (Note 8)	19,500	20,000
Equity method investments (Note 4)	42,209	15,769
Other non-current assets	31	31
Deferred costs	14,721	15,278
Total Non-current Assets	978,764	984,189
Total assets	1,148,499	1,166,410
Current Liabilities
Current portion of long-term debt, net of deferred financing costs (Note 8)	47,277	49,512
Current portion of finance liabilities, net of deferred financing costs (Note 9)	9,398	9,221
Accounts payable	10,171	9,663
Accrued liabilities	10,766	12,416
Deferred revenue	3,147	3,563
Total Current Liabilities	80,978	85,134
Non-current Liabilities
Long-term debt, net of current portion and deferred financing costs (Note 8)	438,619	461,131
Finance liabilities, net of current portion and deferred financing costs (Note 9)	118,193	122,908
Fair value of derivatives	226	568
Warrant liability (Note 11(e))	9,286	6,332
Other non-current liabilities	1,335	1,316
Total Noncurrent Liabilities	567,659	592,255
Commitments and contingencies (Note 10)
Stockholders' Equity
Preferred stock (Note 11)	26	26
Common stock, $0.01 par value; 1,000,000,000 shares authorized and 125,089,231 and 113,065,725 issued and outstanding on June 30, 2024 and December 31, 2023, respectively (Note 11)	1,251	1,131
Additional paid in capital	1,134,104	1,101,425
Accumulated other comprehensive income	308	308
Accumulated deficit	(635,827)	(613,869)
Total Stockholders' Equity	499,862	489,021
Total Liabilities and Stockholders' Equity	1,148,499	1,166,410
Related Party [Member]
Current Assets
Accounts receivable, trade	108	149
Other Noncurrent Assets
Due from related parties, non-current (Note 4)	196	319
Investments in related party (Note 5(a))	6,968	8,318
Current Liabilities
Accounts payable	$ 219	$ 759

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
CONSOLIDATED BALANCE SHEETS
Common stock, par value per share	$ 0.01	$ 0.01
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	125,089,231	113,065,725
Common stock, shares outstanding	125,089,231	113,065,725

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
REVENUES:
Time charter revenues	$ 113,648	$ 140,021
OPERATING EXPENSES
Voyage expenses	6,413	7,364
Vessel operating expenses	42,133	42,763
Depreciation and amortization of deferred charges	22,106	26,661
General and administrative expenses	16,729	15,695
Management fees to a related party (Note 4(a))	666	647
Gain on sale of vessels (Note 6)	(1,572)	(4,995)
Other operating income	(389)	(189)
Operating income, total	27,562	52,075
OTHER INCOME / (EXPENSES):
Interest expense and finance costs (Note 12)	(23,650)	(23,845)
Interest and other income	3,776	3,746
Gain on derivative instruments (Note 8)	361	0
Loss on extinguishment of debt	0	(748)
Gain on deconsolidation of subsidiary	0	844
Gain/(loss) on investments (Note 5)	(1,751)	761
Loss on warrants (Note 11(e))	(6,773)	0
Gain/(loss) from equity method investments (Note 4)	(231)	244
Total other expenses, net	(28,268)	(18,998)
Net comprehensive income/(loss)	(706)	33,077
Dividends on series B preferred shares (Notes 11(b) and 13)	(2,884)	(2,884)
Net comprehensive income/(loss) attributable to common stockholders	$ (3,590)	$ 30,193
Earnings/(loss) per common share, basic (Note 13)	$ (0.03)	$ 0.31
Earnings/(loss) per common share, diluted (Note 13)	$ (0.03)	$ 0.30
Weighted average number of common shares outstanding, basic (Note 13)	112,818,414	98,489,613
Weighted average number of common shares outstanding, diluted (Note 13)	112,818,414	99,762,411

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Preferred Stock [Member] Series B Preferred Stock [Member]	Preferred Stock [Member] Series C Preferred Stock [Member]	Preferred Stock [Member] Series D Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Other Comprehensive Income [Member]	Accumulated Deficit [Member]
Balance, shares at Dec. 31, 2022		2,600,000	10,675	400	102,653,619
Balance at Dec. 31, 2022	$ 487,328	$ 26	$ 0	$ 0	$ 1,027	$ 1,061,015	$ 253	$ (574,993)
Net income/(loss)	33,077							33,077
Issuance of Common Stock, shares					2,033,613
Issuance of Common Stock	7,733				$ 20	7,713
Issuance of Restricted Stock and Compensation Cost, shares (Note 11(g))					1,750,000
Issuance of Restricted Stock and Compensation Cost (Note 11(g))	4,826				$ 18	4,808
Dividends on Preferred Stock	(2,884)							(2,884)
Dividends on Common Stock (Note 11(f))	(31,931)							(31,931)
Dividends in Kind	(10,761)							(10,761)
Balance, shares at Jun. 30, 2023		2,600,000	10,675	400	106,437,232
Balance at Jun. 30, 2023	487,388	$ 26	$ 0	$ 0	$ 1,065	1,073,536	253	(587,492)
Balance, shares at Dec. 31, 2023		2,600,000	10,675	400	113,065,725
Balance at Dec. 31, 2023	489,021	$ 26	$ 0	$ 0	$ 1,131	1,101,425	308	(613,869)
Net income/(loss)	(706)							(706)
Issuance of Common Stock, shares					9,723,506
Issuance of Common Stock	27,792				$ 97	27,695
Issuance of Restricted Stock and Compensation Cost, shares (Note 11(g))					2,300,000
Issuance of Restricted Stock and Compensation Cost (Note 11(g))	5,007				$ 23	4,984
Dividends on Preferred Stock	(2,884)							(2,884)
Dividends on Common Stock (Note 11(f))	(18,368)							(18,368)
Balance, shares at Jun. 30, 2024		2,600,000	10,675	400	125,089,231
Balance at Jun. 30, 2024	$ 499,862	$ 26	$ 0	$ 0	$ 1,251	$ 1,134,104	$ 308	$ (635,827)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows from Operating Activities:
Net income/(loss)	$ (706)	$ 33,077
Adjustments to reconcile net income/(loss) to cash provided by operating activities
Depreciation and amortization of deferred charges	22,106	26,661
Amortization of debt issuance costs (Note 12)	1,253	1,293
Compensation cost on restricted stock (Note 11(g))	5,007	4,826
Gain on derivative instruments (Note 8)	(361)	0
Gain on sale of vessels (Note 6)	(1,572)	(4,995)
Gain/(loss) on investments (Note 5)	1,751	(761)
Loss on extinguishment of debt	0	748
Gain on deconsolidation of subsidiary	0	(844)
(Gain) /loss from equity method investments (Note 4)	231	(244)
Loss on warrants (Note 11(e))	6,773	0
(Increase) / Decrease
Accounts receivable, trade	(1,408)	2,832
Due from related parties	164	35
Inventories	341	(95)
Prepaid expenses and other assets	(43)	(2,833)
Other non-current assets	0	(409)
Investments in equity securities	20,329	0
Increase / (Decrease)
Accounts payable, trade and other	508	(960)
Due to related parties	(540)	59
Accrued liabilities	(2,139)	(987)
Deferred revenue	(416)	(1,978)
Other non-current liabilities	19	77
Drydock cost	(2,114)	(2,947)
Net Cash Provided by Operating Activities	49,183	52,555
Cash Flows from Investing Activities:
Payments for vessels under construction and vessel improvements (Note 6)	(16,702)	(29,125)
Proceeds from sale of vessels, net of expenses (Note 6)	12,504	18,603
Payments to acquire investments (Note 4)	(26,671)	0
Time deposits (Note 2)	20,000	(7,500)
Payments to acquire other assets	0	216
Cash divested from deconsolidation	0	(771)
Proceeds from convertible loan with limited partnership	0	25,189
Payments to acquire property, furniture and fixture (Note 7)	(2,755)	(308)
Net Cash Provided by/(Used in) Investing Activities	(13,624)	5,872
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt and finance liabilities	0	57,696
Proceeds from issuance of common stock, net of expenses (Note 11(e))	14,681	(76)
Payments of dividends, preferred stock (Note 11(b))	(2,884)	(2,884)
Payments of dividends, common stock (Note 11(f))	(18,368)	(15,965)
Payments of financing costs (Notes 8 and 9)	0	(1,656)
Repayments of long-term debt and finance liabilities (Notes 8 and 9)	(30,539)	(49,353)
Net Cash Used In Financing Activities	(37,110)	(12,238)
Cash, Cash Equivalents and Restricted Cash, Period Increase/(Decrease)	(1,551)	46,189
Cash, Cash Equivalents and Restricted Cash, Beginning Balance	121,592	97,428
Cash, Cash Equivalents and Restricted Cash, Ending Balance	120,041	143,617
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents	100,541	123,117
Restricted cash, non-current	19,500	20,500
Cash, Cash Equivalents and Restricted Cash, Total	120,041	143,617
SUPPLEMENTAL CASH FLOW INFORMATION
Non-cash acquisition of assets	0	7,809
Stock issued in noncash financing activities (Note 11(e))	13,111	7,809
Non-cash investments acquired	0	10,000
Noncash dividend	0	10,761
Interest paid, net of amounts capitalised	$ 22,677	$ 22,523

Basis of Presentation and Gener

Basis of Presentation and General Information and Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2024
Basis of Presentation and General Information and Recent Accounting Pronouncements [Abstract]
Basis of Presentation and General Information and Recent Accounting Pronouncements	1. Pronouncements The Shipping Inc., or DSI and its March 8, 1999 as Diana Shipping Investment Corp. under the laws of the Republic of Liberia. In February 2005, incorporation, the Company was renamed Diana Shipping Inc. and was re-domiciled from the Republic of Liberia to the Republic of the Marshall Islands. The accordance information. complete prepared on the ended Securities adjustments, presentation presented. the results that might be expected for the fiscal year ending December The consolidated required by U.S. GAAP for complete financial statements. The Company ownership through Wilhelmsen Management Limited, or DWM, a 50 % owned joint venture (Note 4(a)). The fees paid to DSS are eliminated on consolidation.

Short-Term Investments

Short-Term Investments	6 Months Ended
	Jun. 30, 2024
Short-Term Investments [Abstract]
Short-Term Investments	2. The December 20,000 40,000 , presented ended June nil and $ 20,000 , respectively, and during the same periods, deposits of $ 20,000 12,500

Transactions with Related Parti

Transactions with Related Parties	6 Months Ended
	Jun. 30, 2024
Transactions/Investments with Related Parties and Other [Abstract]
Transactions with Related Parties	3. a) agent, Altair, six months ended June 30, 2024 and 2023 1,288 1,311 , respectively, included unaudited December 219 62 , related parties in the accompanying consolidated balance sheets. b) our CEO plus dated February 23, to 1,950 1,950 , accompanying months ended of vessels which amounted 195 226 , respectively, accompanying 30, 0 697 , included in due to related parties in the accompanying consolidated

Equity Method Investments

Equity Method Investments	6 Months Ended
	Jun. 30, 2024
Equity Method Investments [Abstract]
Equity Method Investments	4. a) Management Inc., a unaffiliated 50 % investment 743 734 accompanying investment 8 202 , method income/(loss). DWM monthly fee and 30, 666 647 , management comprehensive amounted to 185 194 , unaudited December 31, 9 25 , respectively, from related parties in the accompanying consolidated balance b) purpose partnership 25 %. Bergen resulted in gain of $ 195 42 , respectively and is included in accompanying 30, 4,895 4,700 , respectively, sheets. The services commission of 0.8 % per annum on six months ended June 30, 2024 8 and $ 3 , respectively, included in time charter revenues and income from the commission paid on the loan guarantee 17 22 , accompanying unaudited interim consolidated statement of 2024, and 295 443 , respectively, included in due from related parties, current and non-current. c) wholly owned subsidiary Diana with two Germany, for becoming a leading provider vessels. Diana Energize agreed to 50,000,000 45.87 % of the capital 36,231 $ 10,063 , respectively, mainly four capital. For 434 and accompanying unaudited interim consolidated statement of comprehensive d) wholly 24 % organized in the Republic of the Philippines for the purpose of engaging in the manning agency business. As 340 and $ 272 , respectively, engage in the manning agency business.

Investments in Related Parties

Investments in Related Parties and Other	6 Months Ended
	Jun. 30, 2024
Transactions/Investments with Related Parties and Other [Abstract]
Investments in Related Parties and Other	5. a) holder 500,000 207 OceanPal and 3,649,474 49 % of OceanPal’s common stock. Series 2,000 stockholders of the 34 % of the common stock or any 49 % of the total Preferred Shares have no dividend or distribution rights. Series Incorporation that adversely alter issue preference equal to 1,000 option commencing upon the of 6.5 10 -trading Dividends on 8 % per annum. Dividends are payable in cash or, at OceanPal’s election, in kind. As OceanPal 6,788 8,138 , shares recorded 1,351 , accompanying unaudited interim consolidated statements of comprehensive As and 180 180 , related parties in the accompanying consolidated balance sheets. For OceanPal preferred shares amounted to $ 8 567 , respectively, included in in the accompanying unaudited interim consolidated statements b) additional amount of $ 6,561 2023 had a fair value of $ 20,729 . The Company sold all securities during the first quarter resulting in of 400 statements of comprehensive income/(loss).

Advances for Vessels Under Cons

Advances for Vessels Under Construction and Vessels, net	6 Months Ended
	Jun. 30, 2024
Advances for Vessels Under Construction and Vessels, net [Abstract]
Advances for Vessels Under Construction and Vessels, net	6. It Accordingly, for the six months ended June 30, 2024, the Company entered into the below transactions. Vessels under construction On guaranteed two Kamsarmax dry bulk vessels, 46,000 Shipbuilding Inc., China. The vessels 2027 and the first half of 2028 respectively. On February 15, 2024, the Company paid the first instalment, which 8,050 17.5 % 2024, 16,583 , 472 interest. Vessel Disposals On January 19, an unrelated third party to sell the vessel Artemis for the sale price of $ 12,990 , resulted in gain amounting to $ 1,572 . The vessel was delivered to the new owners on March 5, 2024. On February 22, 2024, the Company, through a wholly owned subsidiary, an unrelated third party to sell the vessel Houston for the sale price of $ 23,300 . The vessel was delivered to the new owners on September 4, 2024 (Note 15). The follows: Vessel Cost Accumulated Depreciation Net Book Value Balance, December 31, 2023 $ 1,114,247 $ (214,055) $ 900,192 - Additions for vessel improvements 118 - 118 - Vessel disposals (20,993) 10,266 (10,727) - Depreciation for the period - (19,260) (19,260) - Vessel held for sale (25,008) 6,583 (18,425) Balance, June 30, 2024 $ 1,068,364 $ (216,466) $ 851,898

Property and Equipment, net

Property and Equipment, net	6 Months Ended
	Jun. 30, 2024
Property and Equipment, net [Abstract]
Property and Equipment, net	7. The Company owns the land and building of its principal corporate offices in Athens, Greece and a plot of a land. During the first quarter of 2024, the Company acquired from unaffiliated third for the purchase price of Euro 310,000 1,300,000 . Other The amount reflected in “Property and equipment, net” is analyzed as Property and Equipment Accumulated Depreciation Net Book Value Balance, December 31, 2023 $ 30,942 $ (6,660) $ 24,282 - Additions in property and equipment 2,755 - 2,755 - Depreciation for the period - (379) (379) Balance, June 30, 2024 $ 33,697 $ (7,039) $ 26,658

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2024
Long-term Debt [Abstract]
Long-term Debt	8. The follows: 2024 2023 Senior unsecured bond 119,100 119,100 Secured long-term debt 371,966 397,857 Total long-term $ 491,066 $ 516,957 Less: Deferred financing costs (5,170) (6,314) Long-term debt, net of deferred financing costs $ 485,896 $ 510,643 Less: Current long-term debt, net of deferred financing current (47,277) (49,512) Long-term debt, excluding current maturities $ 438,619 $ 461,131 Senior Unsecured Bond : On June 22, 2021 , the 125,000 bond ranks ahead of subordinated capital and ranks the of executive officers 21,000 the 8.375 % annually in 2024 103.35 % equal to 101.675 % of nominal value and after December 2025 at a price equal to 100 % of nominal value. On 5,900 5,851 . includes “DIASH02”. In June 2024, the 150 maturing in 2029 at a fixed rate coupon of 8.75 % (Note 15). Secured Term Loans: Under 32 mortgaged $ 673,431 . insurances, shares either (where applicable), financial covenants, as well as operating account assignments. The lenders may also require loan and ownership cover ratio and minimum liquidity per vessel owned by the borrowers, or the Guarantor, bank accounts of the borrowers, or the Guarantor. As times 19,500 20,000 , included in the secured term loans pay any dividends following the occurrence of an event of default. As of June 30, 2024, the Company had the following agreements with banks, either as a borrower or as a guarantor, to guarantee the loans of its subsidiaries: Nordea Bank $ 200 9 down $ 197,236 $ 21,937 equal quarterly 3,719 , 100,912 together October 11, 2027 . margin of 2.25 %. On June 27, 2023, the Company drew down $ 22,500 bank. twenty quarterly 1,125 SOFR plus a margin of 2.25 %. The loan matures on June 27, 2028 . Export-Import Bank of China: 57,240 loan quarterly 954 , January 4, 2032 2.45 %. DNB 100,000 which was above 26 quarterly $ 3,846 December 27, 2029 , and 2.2 %, subject margin adjustment. and the lenders margin, the loan 6, 30,000 , being 30 % 1,154 . Company pays a 4.268 % and receives 27, 2027, prepaid. As of to 78 439 , For 361 separately consolidated statement of comprehensive income/(loss). Danish Ship Danish, for 100,000 and $ 100,000 twenty quarterly 3,301 balloon of $ 33,972 SOFR plus a margin of 2.2 %. As covenants. As of shown two agreements (Note 15(b)). The table below does not include related debt issuance Period Principal Repayment Year 1 $ 49,487 Year 2 50,221 Year 3 50,221 Year 4 84,193 Year 5 156,116 Year 6 and 100,828 Total $ 491,066

Finance Liabilities

Finance Liabilities	6 Months Ended
	Jun. 30, 2024
Finance Liabilities [Abstract]
Finance Liabilities	9. The amount follows: June 30, 2024 December 31, 2023 Finance liabilities 128,690 133,337 Less: Deferred financing costs (1,099) (1,208) Finance liabilities, net of deferred financing costs $ 127,591 $ 132,129 Less: Current finance liabilities, net of deferred financing current (9,398) (9,221) Finance liabilities, excluding current maturities $ 118,193 $ 122,908 On March Florida 50,000 the vessel ten years , under monthly in after lease, at specific prices, subject to the Company 16,350 , on the tenth year. On August 17, 2022, the two Japanese New Santa for 66,400 . vessels were delivered the Company eight years , each, and has purchase options beginning at the end of the or written notice to the vessels for $ 13,000 , each, on the expiration of each lease on the eighth year. On DSI 29,850 leased back the vessel under a bareboat agreement, for a period of ten years , under which the Company pays hire, the termination repurchased 8,050 , expiration of the lease on the tenth year. Under the bareboat charter parties, the Company is responsible for the operation and maintenance of the vessels and the during the charter period. The are the proceeds from the the weighted average remaining 7.20 interest 4.83 % $ 14,678 , included in time charter revenues. As of as shown in the table below: Period Principal Repayment Year 1 $ 9,606 Year 2 10,012 Year 3 10,438 Year 4 10,916 Year 5 11,358 Year 6 and 76,360 Total $ 128,690

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	10. a) liability, disputes with of when management becomes probable exposure. 1 vessel per incident, by the P&I Association in which the Company’s vessels b) counterparties, Florida, Barbara, New and upon expiration Note 9. c) Company maturity of the to make any pledge earnings, partnership interests the Company did not record a provision for losses under the guarantee of Bergen’s loan amounting to $ 14,155 d) $ 75,900 e) agreements, considered operating to and until their expiration was as follows: Period Amount Year 1 $ 125,272 Year 2 21,070 Year 3 5,491 $ 151,833

Capital Stock and Changes in Ca

Capital Stock and Changes in Capital Accounts	6 Months Ended
	Jun. 30, 2024
Capital Stock and Changes in Capital Accounts [Abstract]
Capital Stock and Changes in Capital Accounts	11. a) : preferred stock 50,000,000 0.01 share, of 1,000,000 5,000,000 shares 10,675 Preferred Shares and 400 December zero outstanding. b) 2,600,000 0.01 25.00 per share and with liquidation preference at $ 25.00 Holders of Series B Preferred Shares have no voting rights other than the ability, subject to certain exceptions, to elect one director if dividends for six quarterly dividend periods (whether or not consecutive) are in arrears and certain other limited protective voting rights. shares with respect to of the existing and future indebtedness. Dividends payable on the 8.875 % per 2.21875 dividends 2,884 2,884 , 14, 2019, the price of 25.00 date of redemption, whether or not declared. c) : 10,675 0.01 owned by an affiliate The Series C Preferred Stock votes with the common shares of the Company, and each share entitles the holder thereof to 1,000 votes on all matters submitted to a vote of the shareholders of the Company. no dividend or liquidation the holder’s affiliates and immediate family members. d) : As of June 400 shares of Series D Preferred Stock, issued and outstanding, with par value $ 0.01 affiliate redeemable no The Series D Preferred Stock vote with the common shares of the Company, and each share of the Series D Preferred Stock entitles the holder thereof to up to 200,000 votes, provided however, that, designation, to the extent that is shares of date hereof or Company would 36.0 % of number Preferred beneficially owned by such holder, 36 % of the total number of votes that on such matter submitted to a vote of stockholders. e) On 2,033,613 shares, at 3.84 , to vessel. The no t receive any the exercise price During the first half 9,723,506 27,792 , expenses, or $ 2.86 6,321,891 dividend, 14,681 proceeds, net of fees, from the exercise of the warrants. If all warrants were exercised as of June 30, 2024, the Company would have issued 35,434,896 shares with 101,327 90,452 were being the the value, 9,286 6,332 , from 6,773 comprehensive income/(loss). f) On common stock 0.075 8,989 18, 0.075 9,379 , shareholders of record as of June 12, 2024. g) As 11,144,759 according to the Company’s incentive plan. Restricted stock for the six months ended June 30, 2024 and 2023 is analyzed Number of Shares Weighted Average Grant Date Price Outstanding as of December 31, 2022 7,866,589 $ 3.07 Granted 1,750,000 4.54 Vested (2,822,753) 3.05 Outstanding as of June 30, 2023 6,793,836 $ 3.45 Outstanding as of December 31, 2023 6,793,836 $ 3.45 Granted 2,300,000 2.96 Vested (2,996,334) 3.38 Outstanding as of June 30, 2024 6,097,502 $ 3.30 The Company’s aggregate compensation the amounted to $ 5,007 4,826 , respectively, the accompanying unaudited interim consolidated statements of comprehensive As awards was 16,679 14,880 , respectively. which recognized is 1.93

Interest and Finance Costs

Interest and Finance Costs	6 Months Ended
	Jun. 30, 2024
Interest and Finance Costs [Abstract]
Interest and Finance Costs	12. The analyzed as follows: For the six months ended June 30, 2024 2023 Interest expense, debt $ 19,074 $ 18,929 Finance liabilities interest expense 3,217 3,420 Amortization of debt and finance liabilities issuance costs 1,253 1,293 Loan and other expenses 106 203 Interest expense and finance costs $ 23,650 $ 23,845

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2024
Earnings per Share [Abstract]
Earnings per Share	13. All common are calculation of basic earnings per share does not treat the non-vested shares (not considered participating securities) The on assumes that the proceeds upon exercise of these warrants are average market price for the period. Incremental shares are the number of shares assumed issued under the treasury six months 1,272,798 of shares were no t included losses and the effect of such shares would be anti-dilutive. Net Series further adjusted by per share because it would have an anti-dilutive effect. For the six months ended June 30, 2024 2023 Net comprehensive income/(loss) $ (706) $ 33,077 Dividends on series B preferred shares (2,884) (2,884) Net comprehensive income/(loss) attributable to common stockholders $ (3,590) $ 30,193 Weighted average number of common shares, basic 112,818,414 98,489,613 Earnings/(loss) per share, basic $ (0.03) $ 0.31 Weighted average number of common shares, basic 112,818,414 98,489,613 Incremental shares - 1,272,798 Weighted average number of common shares, diluted 112,818,414 99,762,411 Earnings/(loss) per share, diluted $ (0.03) $ 0.30

Financial Instruments and Fair

Financial Instruments and Fair Value Disclosures	6 Months Ended
	Jun. 30, 2024
Financial Instruments and Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Disclosures	14. Interest rate risk and concentration of credit risk Financial instruments, consist Company’s counterparties to perform their that conditions, rates. The Company’s credit risk with financial institutions is limited as it has temporary cash investments, consisting evaluations of the relative credit with and by receiving payments of hire in accounts receivable and does not have any agreements to For the six months ended June 30, 2024 and 2023 charterers that individually 10 % or more of the Company’s time charter revenues were as follows: For the six months ended June 30, Charterer 2024 2023 Cargill International SA * 16% *Less than 10% The July 6, exposure. Fair value of assets and liabilities The approximate their fair generally due to their variable interest rates. Fair value measurements disclosed As of June 30, 2024, 119,100 a 123,090 FASB guidance for Fair Value Measurements. Other Fair value measurements December 31, 2023 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) Assets Recurring fair value measurements Investments in equity securities $ 20,729 $ 20,729 $ $ Investments in related party 8,315 8,138 177 Interest rate swap, asset 129 129 Total $ 29,173 $ 28,867 $ 129 $ 177 Non-recurring fair value measurements Equity method investments $ 4,519 $ $ 4,519 Long-lived assets held for use 7,809 7,809 Total $ 12,328 $ 7,809 $ 4,519 Liabilities Recurring fair value measurements Warrant liability $ 6,332 $ 6,332 $ Interest rate swap, liability 568 568 Total $ 6,900 $ 6,332 $ 568 June 30, 2024 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) Assets Recurring fair value measurements Investments in equity securities Investments in related party $ 6,968 $ 6,788 $ - $ 180 Interest rate swap, asset 148 148 Total $ 7,116 $ 6,788 $ 148 $ 180 Liabilities Recurring fair value measurements Warrant liability $ 9,286 $ 9,286 $ - Interest rate swap, liability 226 226 Total $ 9,512 $ 9,286 $ 226

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	15. a) Exercise Since 65,715 164 41,085 warrants. b) Bond Issue: On July 150 2029 125 bond 3,990 , from the call premium. c) Series B : On on its series B preferred stock, 0.5546875 1,442 , to its stockholders of record as of July 12, 2024. d) Loan On Nordea two balance of 167,263 . The six years 2.00 % over term SOFR. e) Delivery of Vessel: On September 4, 2024, the vessel Houston was delivered to her new owners (Note 6).

Basis of Presentation and Gen_2

Basis of Presentation and General Information and Recent Accounting Pronouncements (Policy)	6 Months Ended
	Jun. 30, 2024
Basis of Presentation and General Information and Recent Accounting Pronouncements [Abstract]
Principles of Consolidation	The Shipping Inc., or DSI and its March 8, 1999 as Diana Shipping Investment Corp. under the laws of the Republic of Liberia. In February 2005, incorporation, the Company was renamed Diana Shipping Inc. and was re-domiciled from the Republic of Liberia to the Republic of the Marshall Islands.
Basis of Presentation	The accordance information. complete prepared on the ended Securities adjustments, presentation presented. the results that might be expected for the fiscal year ending December The consolidated required by U.S. GAAP for complete financial statements.
Nature of Operations	The Company ownership through Wilhelmsen Management Limited, or DWM, a 50 % owned joint venture (Note 4(a)). The fees paid to DSS are eliminated on consolidation.

Advances for Vessels Under Co_2

Advances for Vessels Under Construction and Vessels, net (Tables)	6 Months Ended
	Jun. 30, 2024
Advances for Vessels Under Construction and Vessels, net [Abstract]
Schedule of Vessels, Net in the Accompanying Consolidated Balance Sheets	Vessel Cost Accumulated Depreciation Net Book Value Balance, December 31, 2023 $ 1,114,247 $ (214,055) $ 900,192 - Additions for vessel improvements 118 - 118 - Vessel disposals (20,993) 10,266 (10,727) - Depreciation for the period - (19,260) (19,260) - Vessel held for sale (25,008) 6,583 (18,425) Balance, June 30, 2024 $ 1,068,364 $ (216,466) $ 851,898

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	6 Months Ended
	Jun. 30, 2024
Property and Equipment, net [Abstract]
Schedule of Property and Equipment	Property and Equipment Accumulated Depreciation Net Book Value Balance, December 31, 2023 $ 30,942 $ (6,660) $ 24,282 - Additions in property and equipment 2,755 - 2,755 - Depreciation for the period - (379) (379) Balance, June 30, 2024 $ 33,697 $ (7,039) $ 26,658

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2024
Long-term Debt [Abstract]
Schedule of Long-term Debt Instruments	2024 2023 Senior unsecured bond 119,100 119,100 Secured long-term debt 371,966 397,857 Total long-term $ 491,066 $ 516,957 Less: Deferred financing costs (5,170) (6,314) Long-term debt, net of deferred financing costs $ 485,896 $ 510,643 Less: Current long-term debt, net of deferred financing current (47,277) (49,512) Long-term debt, excluding current maturities $ 438,619 $ 461,131
Schedule of Maturities of Long-term Debt	Period Principal Repayment Year 1 $ 49,487 Year 2 50,221 Year 3 50,221 Year 4 84,193 Year 5 156,116 Year 6 and 100,828 Total $ 491,066

Finance Liabilities (Tables)

Finance Liabilities (Tables)	6 Months Ended
	Jun. 30, 2024
Finance Liabilities [Abstract]
Analysis of Finance Liabilities on Balance Sheets	June 30, 2024 December 31, 2023 Finance liabilities 128,690 133,337 Less: Deferred financing costs (1,099) (1,208) Finance liabilities, net of deferred financing costs $ 127,591 $ 132,129 Less: Current finance liabilities, net of deferred financing current (9,398) (9,221) Finance liabilities, excluding current maturities $ 118,193 $ 122,908
Annual Lease Liabilities	Period Principal Repayment Year 1 $ 9,606 Year 2 10,012 Year 3 10,438 Year 4 10,916 Year 5 11,358 Year 6 and 76,360 Total $ 128,690

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies [Abstract]
Schedule of Fixed Non Cancelable Time Charter Contracts	Period Amount Year 1 $ 125,272 Year 2 21,070 Year 3 5,491 $ 151,833

Capital Stock and Changes in _2

Capital Stock and Changes in Capital Accounts (Tables)	6 Months Ended
	Jun. 30, 2024
Capital Stock and Changes in Capital Accounts [Abstract]
Schedule of Share-based Compensation Restricted Stock and Restricted Stock Units Activity	Number of Shares Weighted Average Grant Date Price Outstanding as of December 31, 2022 7,866,589 $ 3.07 Granted 1,750,000 4.54 Vested (2,822,753) 3.05 Outstanding as of June 30, 2023 6,793,836 $ 3.45 Outstanding as of December 31, 2023 6,793,836 $ 3.45 Granted 2,300,000 2.96 Vested (2,996,334) 3.38 Outstanding as of June 30, 2024 6,097,502 $ 3.30

Interest and Finance Costs (Tab

Interest and Finance Costs (Tables)	6 Months Ended
	Jun. 30, 2024
Interest and Finance Costs [Abstract]
Schedule of Interest and Finance Costs	For the six months ended June 30, 2024 2023 Interest expense, debt $ 19,074 $ 18,929 Finance liabilities interest expense 3,217 3,420 Amortization of debt and finance liabilities issuance costs 1,253 1,293 Loan and other expenses 106 203 Interest expense and finance costs $ 23,650 $ 23,845

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings per Share [Abstract]
Schedule of Earnings per Share, Basic and Diluted	For the six months ended June 30, 2024 2023 Net comprehensive income/(loss) $ (706) $ 33,077 Dividends on series B preferred shares (2,884) (2,884) Net comprehensive income/(loss) attributable to common stockholders $ (3,590) $ 30,193 Weighted average number of common shares, basic 112,818,414 98,489,613 Earnings/(loss) per share, basic $ (0.03) $ 0.31 Weighted average number of common shares, basic 112,818,414 98,489,613 Incremental shares - 1,272,798 Weighted average number of common shares, diluted 112,818,414 99,762,411 Earnings/(loss) per share, diluted $ (0.03) $ 0.30

Financial Instruments and Fai_2

Financial Instruments and Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2024
Financial Instruments and Fair Value Disclosures [Abstract]
Schedule of Company's Charter Revenues	For the six months ended June 30, Charterer 2024 2023 Cargill International SA * 16% *Less than 10%
Schedule of Other Fair Value Measurements	December 31, 2023 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) Assets Recurring fair value measurements Investments in equity securities $ 20,729 $ 20,729 $ $ Investments in related party 8,315 8,138 177 Interest rate swap, asset 129 129 Total $ 29,173 $ 28,867 $ 129 $ 177 Non-recurring fair value measurements Equity method investments $ 4,519 $ $ 4,519 Long-lived assets held for use 7,809 7,809 Total $ 12,328 $ 7,809 $ 4,519 Liabilities Recurring fair value measurements Warrant liability $ 6,332 $ 6,332 $ Interest rate swap, liability 568 568 Total $ 6,900 $ 6,332 $ 568 June 30, 2024 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Other Observable Inputs (Level 3) Assets Recurring fair value measurements Investments in equity securities Investments in related party $ 6,968 $ 6,788 $ - $ 180 Interest rate swap, asset 148 148 Total $ 7,116 $ 6,788 $ 148 $ 180 Liabilities Recurring fair value measurements Warrant liability $ 9,286 $ 9,286 $ - Interest rate swap, liability 226 226 Total $ 9,512 $ 9,286 $ 226

Basis of Presentation and Gen_3

Basis of Presentation and General Information (Narrative) (Details)	Jun. 30, 2024
Diana Wilhelmsen Management Limited [Member]
Entity Information [Line Items]
Equity method investment, ownership percentage	50%

Short-Term Investment (Narrativ

Short-Term Investment (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Short-Term Investments [Abstract]
Time deposits	$ 20,000		$ 40,000
Short-term investment placements		$ 20,000
Maturities of time deposits	$ 20,000	$ 12,500

Transactions with Related Par_2

Transactions with Related Parties (Altair and Steamship) (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Due to related parties, current	$ 10,171		$ 9,663
Altair Travel Agency S.A. [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	1,288	$ 1,311
Due to related parties, current	219		62
Steamship Shipbroking Enterprises [Member]
Related Party Transaction [Line Items]
Related Party Transaction, Amounts of Transaction	1,950	1,950
Due to related parties, current	0		$ 697
Commission paid	$ 195	$ 226

Equity Method Investments (DWM)

Equity Method Investments (DWM) (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Related Party Transaction [Line Items]
Equity method investments	$ 42,209		$ 15,769
Gain/(loss) from equity method investments	(231)	$ 244
Management fees	666	647
Accounts receivable, trade	$ 7,278		5,870
Diana Wilhelmsen Management Limited [Member]
Related Party Transaction [Line Items]
Equity method investment, ownership percentage	50%
Equity method investments	$ 743		734
Gain/(loss) from equity method investments	8	202
Management fees	666	647
Diana Wilhelmsen Management Limited [Member] | Management Agreements [Member]
Related Party Transaction [Line Items]
Commission paid	185	$ 194
Accounts receivable, trade	$ 9		$ 25

Equity Method Investments (Berg

Equity Method Investments (Bergen Ultra LP) (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 42,209		$ 15,769
Gain/(loss) from equity method investments	(231)	$ 244
Revenues	113,648	140,021
Proceeds from convertible loan with limited partnership	0	25,189
Berger Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Due from related parties	$ 295		443
Commission On Loan Guarantee [Member] | Berger Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Related party transaction, rate	0.80%
Bergen Joint Venture [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 4,895		$ 4,700
Gain/(loss) from equity method investments	$ 195	42
Ownership interest percent	25%
Bergen Joint Venture [Member] | Commission On Loan Guarantee [Member]
Schedule Of Equity Method Investments [Line Items]
Interest and other income	$ 17	22
Bergen Joint Venture [Member] | Administrative Service Agreement [Member]
Schedule Of Equity Method Investments [Line Items]
Revenues	$ 8	$ 3

Equity Method Investments (Wind

Equity Method Investments (Windward) (Narrative) (Details) $ in Thousands		6 Months Ended
	Feb. 08, 2024 USD ($)	Jun. 30, 2024 EUR (€) Vessels Item	Jun. 30, 2024 USD ($) Vessels Item	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Schedule Of Equity Method Investments [Line Items]
Equity Method Investments			$ 42,209		$ 15,769
Gain/(loss) from equity method investments (Note 4)			$ (231)	$ 244
Commitment amount	$ 46,000
Windward [Member]
Schedule Of Equity Method Investments [Line Items]
Ownership interest percent		45.87%	45.87%
Windward [Member]
Schedule Of Equity Method Investments [Line Items]
Number of unrelated companies entered into joint venture with | Item		2	2
Equity Method Investments			$ 36,231		$ 10,063
Number of vessels to be constructed | Vessels		4	4
Gain/(loss) from equity method investments (Note 4)			$ (434)
Commitment amount | €		€ 50,000,000

Equity Method Investments (Cohe

Equity Method Investments (Cohen) (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule Of Equity Method Investments [Line Items]
Equity method investments	$ 42,209	$ 15,769
Cohen [Member] | Cebu [Member]
Schedule Of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	24%
Equity method investments	$ 340	$ 272

Investments in Related Partie_2

Investments in Related Parties and Other (OceanPal) (Narrative) (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) Item $ / shares shares	Jun. 30, 2023 USD ($)	Feb. 22, 2024 USD ($)	Jan. 19, 2024 USD ($)	Dec. 31, 2023 USD ($) shares
Related Party Transaction [Line Items]
Issuance of Common Stock	$ 27,792	$ 7,733
Cash And Cash Equivalents At Carrying Value	100,541	123,117			$ 101,592
Vessels	1,068,364				$ 1,114,247
Purchase price of vessel			$ 23,300	$ 12,990
Gain/(loss) from equity method investments	$ (231)	244
Common stock, shares issued | shares	125,089,231				113,065,725
OceanPal [Member]
Related Party Transaction [Line Items]
Percent of common stock owned	49%
Common stock, shares issued | shares	3,649,474				3,649,474
OceanPal [Member]
Related Party Transaction [Line Items]
Investments in related party (Note 5(a))	$ 6,788				$ 8,138
Unrealized loss on investments	$ 1,351
Series B Preferred Stock [Member] | OceanPal [Member]
Related Party Transaction [Line Items]
Number of votes of stockholders | Item	2,000
Maximum percentage of votes as a percentage of total votes	49%
Maximum total number of votes entitled to vote, including common stock or any other voting security	34%
Issuance of preferred stock, shares | shares	500,000				500,000
Series C Convertible Preferred Stock [Member] | OceanPal [Member]
Related Party Transaction [Line Items]
Conversion price | $ / shares	$ 6.5
Cumulative preferred dividend accruing rate	8%
Preferred stock liquidation preference per share | $ / shares	$ 1,000
Issuance of preferred stock, shares | shares	207				207
Trading days, term in convertible shares agreement	10 days
Series C and Series D [Member] | OceanPal [Member]
Related Party Transaction [Line Items]
Dividend income	$ 8	$ 567
Series B and Series C Preferred Shares [Member] | OceanPal [Member]
Related Party Transaction [Line Items]
Investments in related party (Note 5(a))	$ 180				$ 180

Investments in Related Partie_3

Investments in Related Parties and Other (Investment in Equity Securities) (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Acquired equity securities in period		$ 6,561
Acquired equity securities		0		$ 20,729
Gain/(loss) on investments	$ (400)	$ (1,751)	$ 761

Advances for Vessels Under Co_3

Advances for Vessels Under Construction and Vessels, net (Narrative) (Details) $ in Thousands			6 Months Ended
	Feb. 15, 2024 USD ($)	Feb. 08, 2024 USD ($) Vessels	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Feb. 22, 2024 USD ($)	Jan. 19, 2024 USD ($)	Dec. 31, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Additions for vessel improvements			$ 25,008
Asset Acquisition [Line Items]
Number of vessels in agreement to acquire | Vessels		2
Commitment amount		$ 46,000
Purchase price of vessels	$ 8,050
Percent of paid in advance of purchase price	17.50%
Advances for vessels under construction			16,583				$ 0
Vessels under construction, capitalized interest			472
Disposal Groups, Including Discontinued Operations [Line Items]
Sale price of vessel					$ 23,300	$ 12,990
Gain (loss) from sale of vessels			1,572	$ 4,995
Deferred costs			$ 14,721				$ 15,278

Advances for Vessels Under Co_4

Advances for Vessels Under Construction and Vessels, net (Schedule of Vessels, Net in the Accompanying Consolidated Balance Sheets) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Vessel Cost
Beginning balance	$ 1,114,247
Additions for vessel acquisitions and improvements	118
Additions for vessel improvements	25,008
Vessel disposals	(20,993)
Vessel held for sale	(25,008)
Ending balance	1,068,364
Accumulated Depreciation
Beginning balance	(214,055)
Vessel disposals	10,266
Vessel held for sale	6,583
Depreciation for the period	(19,260)
Ending balance	(216,466)
Net Book Value
Beginning balance	900,192
Additions for vessel acquisitions and improvements	118
Additions for vessel improvements	25,008
Vessel disposal	(10,727)
Vessel held for sale	(18,425)	$ 0
Depreciation for the period	(19,260)
Ending balance	$ 851,898

Property and Equipment, net (Na

Property and Equipment, net (Narrative) (Details) € in Thousands	3 Months Ended
	Mar. 31, 2024 EUR (€)
Plot Of Land 1 [Member]
Property, Plant and Equipment [Line Items]
Payment to acquire plot of land	€ 310,000
Plot Of Land 2 [Member]
Property, Plant and Equipment [Line Items]
Payment to acquire plot of land	€ 1,300,000

Property and Equipment, net (Sc

Property and Equipment, net (Schedule of Property and Equipment) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Movement in Property, Plant and Equipment [Roll Forward]
Property and Equipment, Beginning Balance	$ 30,942
Additions in property and equipment	2,755
Property and Equipment, Ending Balance	33,697
Movement in Accumulated Depreciation, Depletion and Amortization, Property, Plant and Equipment [Roll Forward]
Accumulated Depreciation, Property and Equipment, Beginning Balance	(6,660)
Depreciation for the period	(379)
Accumulated Depreciation, Property and Equipment, Ending Balance	(7,039)
Property, Plant and Equipment, Net, by Type [Abstract]
Property And Equipment Net, Beginning Balance	24,282
Additions in property and equipment	2,755
Depreciation for the period	(379)
Property And Equipment Net, Ending Balance	$ 26,658

Long-term Debt (Narrative I) (D

Long-term Debt (Narrative I) (Details) $ in Thousands		6 Months Ended
	Jun. 22, 2021 USD ($)	Jun. 30, 2024 USD ($) Vessels	Dec. 31, 2023 USD ($)	Jun. 30, 2023 USD ($)	Jun. 29, 2023 USD ($)
Debt Instrument [Line Items]
Minimum cash deposits required to be maintained		$ 19,500	$ 20,000	$ 20,500
Secured Debt [Member]
Debt Instrument [Line Items]
Number of vessels collateral for debt | Vessels		32
Debt, collateral amount		$ 673,431
Minimum cash deposits required to be maintained		$ 19,500	$ 20,000
8.375% Senior Unsecured Bond [Member]
Debt Instrument [Line Items]
Debt, issuance date		Jun. 22, 2021
Loan amount	$ 125,000	$ 125,000
Debt Instrument, Interest Rate, Stated Percentage	8.375%
Repurchased bonds					$ 5,851
Nominal value of bond repurchased					$ 5,900
8.375% Senior Unsecured Bond [Member] | Officers And Directors
Debt Instrument [Line Items]
Proceeds from Issuance of Unsecured Debt	$ 21,000
8.375% Senior Unsecured Bond [Member] | June 2024 to May 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage		103.35%
8.375% Senior Unsecured Bond [Member] | June 2025 to December 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage		101.675%
8.375% Senior Unsecured Bond [Member] | After December 2025 [Member]
Debt Instrument [Line Items]
Debt Instrument, Redemption Price, Percentage		100%
8.75% Senior Unsecured Bond [Member]
Debt Instrument [Line Items]
Loan amount		$ 150,000
Debt Instrument, Interest Rate, Stated Percentage		8.75%

Long-term Debt (Narrative II) (

Long-term Debt (Narrative II) (Details) $ in Thousands			1 Months Ended	6 Months Ended
	Jun. 27, 2023 USD ($)	Sep. 30, 2022 USD ($) Vessels	Dec. 31, 2022 USD ($)	Jun. 30, 2024 USD ($) Item	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Debt Instrument [Line Items]
Loan expenses and other				$ 106	$ 203
Outstanding balance				491,066		$ 516,957
Gain on extinguishment of Debt				$ 0	$ (748)
Nordea Bank AB, London Branch [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Proceeds from issuance of secured debt	$ 22,500
Debt, number of installments | Item				20
Frequency period				quarterly
Debt, principal payments				$ 1,125
Debt instrument, maturity date				Jun. 27, 2028
Nordea Bank AB, London Branch [Member] | Secured Debt [Member] | SOFR [Member]
Debt Instrument [Line Items]
Loan margin percentage				2.25%
Nordea Bank AB, London Branch [Member] | Secured Debt [Member] | Loan Agreement - 9 Ultramax Vessels [Member]
Debt Instrument [Line Items]
Proceeds from issuance of secured debt		$ 197,236
Frequency period				quarterly
Debt, principal payments				$ 3,719
Debt Instrument, Balloon Payment				$ 100,912
Debt instrument, maturity date				Oct. 11, 2027
Repayment of secured loan agreement			$ 21,937
Debt Instrument, Face Amount		$ 200,000
Number of vessels acquired | Vessels		9
Nordea Bank AB, London Branch [Member] | Secured Debt [Member] | Loan Agreement - 9 Ultramax Vessels [Member] | SOFR [Member]
Debt Instrument [Line Items]
Loan margin percentage				2.25%

Long-term Debt (Narrative III)

Long-term Debt (Narrative III) (Details)				6 Months Ended
	Jul. 06, 2023 USD ($)	Apr. 19, 2023 USD ($)	Jan. 04, 2017 USD ($)	Jun. 30, 2024 USD ($) Installments Item	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Jun. 26, 2023 USD ($)	Apr. 12, 2023 USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt				$ 0	$ (748,000)
Gain from interest rate swap				$ 361,000	$ 0
Number of loan agreement refinanced | Item				2
Export-Import Bank of China [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Proceeds from issuance of secured debt			$ 57,240,000
Frequency period				quarterly
Debt, principal payments				$ 954,000
Debt instrument, maturity date				Jan. 04, 2032
Export-Import Bank of China [Member] | Secured Debt [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt Instrument Basis Spread On Variable Rate1				2.45%
DNB Bank ASA [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Debt Instrument, Number of installments | Item				26
Frequency period				quarterly
Debt, principal payments				$ 3,846,000
Debt instrument, maturity date				Dec. 27, 2029
Notional amount	$ 30,000,000
Notional amount, percent of loan	30%
Quarterly amortization amount	$ 1,154,000
Fixed interest rate related to the interest rate derivative	4.268%
Interest rate swap, fair value				$ 78,000		$ 439,000
Gain from interest rate swap				$ 361,000
Loan amount							$ 100,000,000
DNB Bank ASA [Member] | Secured Debt [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt Instrument Basis Spread On Variable Rate1				2.20%
Danish Ship Finance A/S
Debt Instrument [Line Items]
Proceeds from issuance of secured debt		$ 100,000,000
Debt Instrument, Number of installments | Installments				20
Frequency period				quarterly
Debt, principal payments				$ 3,301,000
Debt Instrument, Balloon Payment				$ 33,972,000
Loan amount								$ 100,000,000
Danish Ship Finance A/S | Secured Debt [Member] | SOFR [Member]
Debt Instrument [Line Items]
Debt Instrument Basis Spread On Variable Rate1				2.20%

Long-term Debt (Schedule of Lon

Long-term Debt (Schedule of Long-term Debt Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Senior unsecured bond	$ 119,100	$ 119,100
Secured long-term debt	371,966	397,857
Total	491,066	516,957
Less: Deferred financing costs	(5,170)	(6,314)
Total	485,896	510,643
Less: Current long term debt, net of deferred financing costs, current	(47,277)	(49,512)
Long-term debt, excluding current maturities	$ 438,619	$ 461,131

Long-term Debt (Schedule of Mat

Long-term Debt (Schedule of Maturities of Long-term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Maturities of Long-term Debt [Abstract]
Year 1	$ 49,487
Year 2	50,221
Year 3	50,221
Year 4	84,193
Year 5	156,116
Year 6 and thereafter	100,828
Total	$ 491,066	$ 516,957

Finance Liabilities (Narrative)

Finance Liabilities (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 06, 2022 USD ($)	Aug. 17, 2022 USD ($) Vessels	Mar. 29, 2022 USD ($)
Property, Plant and Equipment [Line Items]
Finance lease liability	$ 127,591	$ 132,129
Weighted average remaining lease term	7 years 2 months 12 days
Average interest rate	4.83%
Sublease Income	$ 14,678
Florida 2022 Vessel [Member]
Property, Plant and Equipment [Line Items]
Finance lease liability					$ 50,000
Term for bareboat charter party					10 years
Lease obligation to repurchase vessel					$ 16,350
New Orleans And Santa Barbara Vessels [Member]
Property, Plant and Equipment [Line Items]
Finance lease liability				$ 66,400
Term for bareboat charter party				8 years
Number of sale and leaseback agreements | Vessels				2
New Orleans Vessel [Member]
Property, Plant and Equipment [Line Items]
Lease obligation to repurchase vessel				$ 13,000
Santa Barbara Vessel [Member]
Property, Plant and Equipment [Line Items]
Lease obligation to repurchase vessel				$ 13,000
DSI Andromeda [Member]
Property, Plant and Equipment [Line Items]
Finance lease liability			$ 29,850
Term for bareboat charter party			10 years
Lease obligation to repurchase vessel			$ 8,050

Finance Liabilities (Analysis o

Finance Liabilities (Analysis of Finance Liabilities on Balance Sheets) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finance Liabilities [Abstract]
Finance liabilities, total	$ 128,690	$ 133,337
Finance liabilities, net of deferred financing costs	127,591	132,129
Less: Current finance liabilities, net of deferred financing costs, current	(9,398)	(9,221)
Finance liabilities, excluding current maturities	118,193	122,908
Lessee Lease Description [Line Items]
Less: Deferred financing costs	(5,170)	(6,314)
Finance Liabilities [Member]
Lessee Lease Description [Line Items]
Less: Deferred financing costs	$ (1,099)	$ (1,208)

Finance Liabilities (Annual Lea

Finance Liabilities (Annual Lease Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finance Liabilities [Abstract]
Year 1	$ 9,606
Year 2	10,012
Year 3	10,438
Year 4	10,916
Year 5	11,358
Year 6 and thereafter	76,360
Finance liabilities, total	$ 128,690	$ 133,337

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Related Party Transaction Domain
Loss Contingencies [Line Items]
Insurance maximum amount	$ 1,000,000
Related Party Transaction Domain | Shipbuilding Contracts [Member]
Loss Contingencies [Line Items]
Total obligations	75,900
Bergen [Member] | Loan Agreement With Nordea [Member]
Loss Contingencies [Line Items]
Total debt outstanding	$ 14,155

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Fixed Non Cancelable Time Charter Contracts) (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Lessor, Operating Lease, Payment to be Received, Rolling Maturity [Abstract]
Year 1	$ 125,272
Year 2	21,070
Year 3	5,491
Total	$ 151,833

Capital Stock and Changes in _3

Capital Stock and Changes in Capital Accounts (Narrative stocks) (Details)				6 Months Ended		12 Months Ended
	Jun. 18, 2024 USD ($) $ / shares	Mar. 12, 2024 USD ($) $ / shares	Jan. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2024 USD ($) shares $ / shares	Jun. 30, 2023 USD ($) shares	Dec. 31, 2023 USD ($) $ / shares shares	Jun. 22, 2021 Item
Class Of Stock [Line Items]
Cash dividends on preferred stock | $				$ 2,884,000	$ 2,884,000
Dividend paid on common stock per share | $ / shares	$ 0.075	$ 0.075
Cash dividend | $	$ 9,379,000	$ 8,989,000		18,368,000	31,931,000
Dividends Paid-in-kind | $					10,761,000
Issuance of Common Stock | $				27,792,000	7,733,000
Warrants, fair value | $				9,286,000		$ 6,332,000
Gain (loss) on warrants | $				$ 6,773,000	0
If All Warrants Are Exercised [Member]
Class Of Stock [Line Items]
Issuance of new shares				35,434,896
Issuance of Common Stock | $				$ 101,327,000
Proceeds from warrant exercises | $				90,452,000
Series B Preferred Stock [Member]
Class Of Stock [Line Items]
Cash dividends on preferred stock | $				$ 2,884,000	$ 2,884,000
Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock, shares authorized				50,000,000		50,000,000
Preferred stock, par value | $ / shares				$ 0.01		$ 0.01
Preferred Stock [Member] | Series A Participating Preferred Stock
Class Of Stock [Line Items]
Preferred stock, shares authorized				1,000,000		1,000,000
Issuance of preferred stock, shares				0		0
Preferred stock, shares outstanding				0		0
Preferred Stock [Member] | Series B Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock, shares authorized				5,000,000		5,000,000
Preferred stock, par value | $ / shares				$ 0.01		$ 0.01
Issuance of preferred stock, shares				2,600,000		2,600,000
Preferred stock, shares outstanding				2,600,000		2,600,000
Shares issued price per share | $ / shares				$ 25		$ 25
Preferred stock liquidation preference per share | $ / shares				$ 25		$ 25
Preferred stock voting rights				Holders of Series B Preferred Shares have no voting rights other than the ability, subject to certain exceptions, to elect one director if dividends for six quarterly dividend periods (whether or not consecutive) are in arrears and certain other limited protective voting rights.
Preferred stock dividend rate percentage				8.875%
Preferred stock dividend rate per dollar amount | $ / shares				$ 2.21875
Preferred stock, redemption price per share | $ / shares				$ 25
Preferred Stock [Member] | Series C Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock, shares authorized				10,675		10,675
Issuance of preferred stock, shares				10,675		10,675
Preferred stock, shares outstanding				10,675		10,675
Shares issued price per share | $ / shares				$ 0.01		$ 0.01
Preferred stock voting rights				The Series C Preferred Stock votes with the common shares of the Company, and each share entitles the holder thereof to 1,000 votes on all matters submitted to a vote of the shareholders of the Company.
Preferred stock number of voting rights				1,000
Preferred Stock [Member] | Series D Preferred Stock [Member]
Class Of Stock [Line Items]
Preferred stock, shares authorized				400		400
Preferred Stock [Member] | Series D Preferred Stock [Member] | Mrs. Semiramis Paliou
Class Of Stock [Line Items]
Preferred stock, par value | $ / shares				$ 0.01		$ 0.01
Issuance of preferred stock, shares				400		400
Preferred stock, shares outstanding				400		400
Preferred stock voting rights				The Series D Preferred Stock vote with the common shares of the Company, and each share of the Series D Preferred Stock entitles the holder thereof to up to 200,000 votes,
Cash dividends on preferred stock | $				$ 0
Preferred stock number of voting rights | Item							200,000
Percent of total number of votes entitled to vote on any matter put to shareholders				36%
Percent of total number of votes entitled to be cast on matters out to shareholders				36%
Common Stock [Member]
Class Of Stock [Line Items]
Issuance of new shares				9,723,506	2,033,613
Shares issued price per share | $ / shares			$ 3.84	$ 2.86
Proceeds from issuance of stock, net of expenses | $			$ 0
Issuance of Common Stock | $				$ 97,000	$ 20,000
Issuance of common stock, shares			2,033,613
Number of warrants exercised						6,321,891
Proceeds from warrant exercises | $						$ 14,681,000

Capital Stock and Changes in _4

Capital Stock and Changes in Capital Accounts (Narrative incentive plan) (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock capital shares reserved for future issuance	11,144,759
Compensation cost on restricted stock	$ 5,007	$ 4,826
Unrecognized cost for unvested restricted shares	$ 16,679		$ 14,880
Total compensation cost not yet recognized, Period for recognition			1 year 11 months 4 days

Capital Stock and Changes in _5

Capital Stock and Changes in Capital Accounts (Schedule of Share-based Compensation Restricted Stock and Restricted Stock Units Activity) (Details) - $ / shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Non vested restricted common stock, beginning balance	6,793,836	7,866,589
Granted	2,300,000	1,750,000
Vested	(2,996,334)	(2,822,753)
Non vested restricted common stock, ending balance	6,097,502	6,793,836
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, beginning balance	$ 3.45	$ 3.07
Weighted Average Grant Date Fair Value, Granted	2.96	4.54
Weighted Average Grant Date Fair Value, Vested	3.38	3.05
Weighted Average Grant Date Fair Value, ending balance	$ 3.30	$ 3.45

Interest and Finance Costs (Sch

Interest and Finance Costs (Schedule of Interest and Finance Costs) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Interest and Finance Costs [Abstract]
Interest expense, debt	$ 19,074	$ 18,929
Finance liabilities interest expense	3,217	3,420
Amortization of debt and finance liabilities issuance costs	1,253	1,293
Loan and other expenses	106	203
Interest expense and finance costs	$ 23,650	$ 23,845

Earnings per Share (Narrative)

Earnings per Share (Narrative) (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Abstract]
Incremental shares	0	1,272,798

Earnings per Share (Schedule of

Earnings per Share (Schedule of Earnings per Share, Basic and Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Abstract]
Net comprehensive income/(loss)	$ (706)	$ 33,077
Dividends on series B preferred shares	(2,884)	(2,884)
Net comprehensive income/(loss) attributable to common stockholders	$ (3,590)	$ 30,193
Weighted average number of common shares, basic	112,818,414	98,489,613
Earnings/(loss) per share, basic	$ (0.03)	$ 0.31
Incremental shares	0	1,272,798
Weighted average number of common shares, diluted	112,818,414	99,762,411
Earnings/(loss) per share, diluted	$ (0.03)	$ 0.30

Financial Instruments and Fai_3

Financial Instruments and Fair Value Disclosures (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value	$ 119,100	$ 119,100
8.375% Senior Unsecured Bond [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value	119,100
8.375% Senior Unsecured Bond [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value	$ 123,090

Financial Instruments and Fai_4

Financial Instruments and Fair Value Disclosures (Schedule of Company's Charter Revenues) (Details) - Customer Concentration Risk [Member] - Revenue Benchmark [Member]	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Minimum [Member]
Concentration Risk [Line Items]
Percentage of charter revenues	10%	10%
Cargill International SA [Member]
Concentration Risk [Line Items]
Percentage of charter revenues		0.16%

Financial Instruments and Fai_5

Financial Instruments and Fair Value Disclosures (Schedule of Other Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in equity securities	$ 0	$ 20,729
Equity method investments	42,209	15,769
Warrant liability	9,286	6,332
Recurring fair value measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in equity securities		20,729
Investment in related party	6,968	8,315
Interest rate swap, asset	148	129
Total fair value measurements	7,116	29,173
Warrant liability	9,286	6,332
Interest rate swap, liability	226	568
Total recurring fair value measurements	9,512	6,900
Recurring fair value measurements [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments in equity securities		20,729
Investment in related party	6,788	8,138
Total fair value measurements	6,788	28,867
Warrant liability	9,286	6,332
Total recurring fair value measurements	9,286	6,332
Recurring fair value measurements [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest rate swap, asset	148	129
Total fair value measurements	148	129
Interest rate swap, liability	226	568
Total recurring fair value measurements	226	568
Recurring fair value measurements [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in related party	180	177
Total fair value measurements	$ 180	177
Non recurring fair value measurements [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investments		4,519
Total fair value measurements		12,328
Non recurring fair value measurements [Member] | Long Lived Assets Held For Use [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held for use		7,809
Non recurring fair value measurements [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value measurements		7,809
Non recurring fair value measurements [Member] | Level 1 [Member] | Long Lived Assets Held For Use [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-lived assets held for use		7,809
Non recurring fair value measurements [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity method investments		4,519
Total fair value measurements		$ 4,519

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) $ / shares in Units, $ in Thousands				2 Months Ended	6 Months Ended
	Jul. 25, 2024 USD ($) Item	Jul. 15, 2024 USD ($) $ / shares	Jul. 08, 2024 USD ($)	Sep. 12, 2024 USD ($) shares	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jul. 02, 2024 USD ($)	Feb. 22, 2024 USD ($)	Jan. 19, 2024 USD ($)	Dec. 31, 2023 USD ($)	Jun. 22, 2021 USD ($)
Subsequent Event [Line Items]
Sale price of vessel								$ 23,300	$ 12,990
Additions in property and equipment					$ 2,755	$ 308
Loss on extinguishment of debt					0	$ 748
Outstanding balance					491,066					$ 516,957
8.375% Senior Unsecured Bond [Member]
Subsequent Event [Line Items]
Loan amount					$ 125,000						$ 125,000
Subsequent Events [Member]
Subsequent Event [Line Items]
Number of warrants exercised | shares				41,085
Issuance of new shares | shares				65,715
Proceeds from warrant exercises				$ 164
Subsequent Events [Member] | Bond Maturing July 2029 [Member]
Subsequent Event [Line Items]
Loan amount							$ 150,000
Loss on extinguishment of debt			$ 3,990
Subsequent Events [Member] | Nordea Refinance Of Two Loan Agreements [Member]
Subsequent Event [Line Items]
Number of loans refinanced | Item	2
Outstanding balance	$ 167,263
Subsequent Events [Member] | New Nordea Loan Agreement [Member]
Subsequent Event [Line Items]
Debt instrument term	6 years
Subsequent Events [Member] | New Nordea Loan Agreement [Member] | SOFR [Member]
Subsequent Event [Line Items]
Debt Instrument Basis Spread On Variable Rate1	2%
Series B Preferred Stock [Member] | Subsequent Events [Member]
Subsequent Event [Line Items]
Preferred Stock, Dividends per share | $ / shares		$ 0.5546875
Dividends, Preferred Stock		$ 1,442