The creation of a new company of OceanPal Inc., which will operate as a portfolio company with three bulk cargo ships spin-off from Diana Shipping’s fleet, was carried out by Diana Shipping Inc., the Nyse-listed shipping company of the Palios family. The new company has applied for the listing of its common shares on the Nasdaq Capital Market.
The three ships are the oldest in Diana Shipping’s fleet. Along with the ships in the new company, Diana Shipping will contribute $ 1 million in working capital and will sell all of OceanPal shares to Diana Shipping shareholders, who will also receive preferred shares of OceanPal Inc. Diana Shipping also announced that in parallel with the completion of the spin-off transaction, it will distribute a dividend of $ 0.10 per share.
Commenting on the spin-off transaction, the CEO of Diana Shipping, Ms. Semiramis Paliou, stated that the divestment of 100% of the common shares of OceanPal Inc., “represents a significant return on value to our shareholders, reflecting the company’s ability to Diana Shipping’s management also believes that the creation of “a separate listed bulk carrier company focusing on older ships with shorter charter times will further enhance shareholder value by providing greater exposure to the short-term charter market.” while allowing Diana Shipping to continue to focus on long-term growth. Finally, the dividend of $ 0.10 per share for the current quarter represents a good indication of the Company’s ability to pay dividends on a quarterly basis at current market levels.
Diana Shipping Inc., the Nyse-listed shipping company of the Palios family, announced that it has set up a new company, OceanPal Inc., which will operate as a portfolio company with three bulk dry cargo ships detached from Diana Shipping’s fleet. The new company has applied for the listing of its common shares on the Nasdaq Capital Market.
The three ships are the oldest in Diana Shipping’s fleet. Along with the ships in the new company, Diana Shipping will contribute a working capital of $ 1 million while it will sell all OceanPal shares to Diana Shipping shareholders. The CEO of Diana Shipng, Semiramis Paliou, stated that the divestment of 100% of the common shares of OceanPal Inc. represents a significant return on value to its shareholders, reflecting the company’s ability to take advantage of the strong dry bulk market.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
New Electricity Subsidies for 1 Million Greek Businesses
Ministry of Environment and Energy has officially announced the framework for electricity subsidies targeting approximately one million businesses across Greece.
Eurostat: Women and Youth Most Underpaid in Greece
In the EU 18.2% of women are low-paid compared to men, against 23% in Greece. A staggering 43% of young Greeks are low-paid—the second-worst rate in Europe.
Public Services in Greece to Go Under Review with New Rating Tool
Public services will receive their evaluation scores and feedback directly, fostering a system of accountability and continuous improvement.
Istanbul Earthquake – Greek Prof. Concerned Major Quake Yet to Strike
Responding to concerns over whether a potential major quake in Istanbul could affect Greece, Papazachos was reassuring: “The fault extends as far as Lemnos and the Northern Sporades, but it doesn’t rupture all at once. An earthquake in Istanbul doesn’t have the capacity to directly affect Greek territory.”
Greece 4th Most Popular Summer Destination for Europeans
Southern Europe remains the top choice for Europeans at 41%, though down 8% from last year, likely due to rising temperatures and climate concerns.
Easter Sales Performance and the Source of €4–5 Million in Losses
Easter retail sales were relatively weak this year, with the only "real winners" being the livestock farmers who had lambs to sell.
Hotel Foreclosures Continue to Plague Greece’s Islands
A surge in hotel foreclosures across Greece’s islands threatens small tourism businesses, despite booming visitor numbers and record-breaking travel in 2024.
Athens Launches Task Force to Safeguard Historic City Center
The new municipal unit will ensure compliance to zoning laws, curb noise, and address tourist rental issues starting from the Plaka district.
WTTC: Travel & Tourism to Create 4.5M New Jobs in EU by 2035
This year, international visitor spending is set to reach 573 billion euros, up by more than 11% year-on-year
IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock
![Accor: Η βιωσιμότητα «κλειδί» για την ανάπτυξη και ανθεκτικότητα του ελληνικού τουρισμού [έρευνα]](https://www.ot.gr/wp-content/uploads/2025/04/thumbnail-90x90.jpg)
![Οι αλλαγές που υπάρχουν στα φορολογικά έντυπα για τα εισοδήματα του φορολογικού έτους 2024 από ακίνητα [Γ’ Μέρος]](https://www.ot.gr/wp-content/uploads/2025/03/akinita-600x400.jpeg)
