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Basis of Presentation and General Information and Recent Accounting Pronouncements | 6 Months Ended
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Jun. 30, 2026
Basis of Presentation and General Information and Recent Accounting Pronouncements [Abstract] |
Basis of Presentation and General Information and Recent Accounting Pronouncements | 1. Basis of Presentation and General Information and Recent Accounting Pronouncements The accompanying unaudited interim consolidated financial statements include the accounts of Diana Shipping Inc., or DSI and its wholly owned subsidiaries (collectively, the “Company”). DSI was formed on March 8, 1999, as Diana Shipping Investment Corp. under the laws of the Republic of Liberia. In February 2005, the Company’s articles of incorporation were amended. Under the amended articles of 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 accompanying unaudited interim consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles, or U.S. GAAP, for interim financial information. Accordingly, they do not include all the information and notes required by U.S. GAAP for complete financial statements. These unaudited interim consolidated financial statements have been prepared on the same basis and should be read in conjunction with the financial statements for the year ended December 31, 2025 included in the Company’s Annual Report on Form 20-F filed with the Securities and Exchange Commission on March 13, 2026 and, in the opinion of management, reflect all normal recurring adjustments considered necessary for a fair presentation of the Company's financial position, results of operations and cash flows for the periods presented. Operating results for the six months ended June 30, 2026, are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2026. The consolidated balance sheet as of December 31, 2025, has been derived from the audited consolidated financial statements as of that date, but does not include all information and footnotes required by U.S. GAAP for complete financial statements. The Company is engaged in the ocean transportation of dry bulk cargoes worldwide mainly through the ownership and bareboat charter in of dry bulk carrier vessels. The Company operates its own fleet through Diana Shipping Services S.A. (or “DSS”), a wholly owned subsidiary and through Diana Wilhelmsen Management Limited, or DWM, a 50 % owned joint venture (Note 3(a)). The fees paid to DSS are eliminated on consolidation. The Company has determined that it operates under one reportable segment, that of operating dry bulk vessels, and the assets of such segment are presented under the caption Total assets in the accompanying unaudited interim condensed consolidated balance sheets. The segment's significant expenses regularly provided to chief operating decision maker (“CODM”) are the consolidated expenses as presented on the face of the unaudited interim condensed consolidated statements of income. The accounting policies applied to the reportable segment are the same as those used in the preparation of the Company's consolidated financial statements included in the Company's Annual Report on Form 20- F for the year ended December 31, 2025.

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