Diana Shipping inc. DSX

Competitive advantage analysis · industrials

Corporate Default
Overall moat score
54/100
Moderate

About Diana Shipping inc.

Diana Shipping Inc. provides shipping transportation services worldwide. It also engages in the ownership and bareboat charter-in of dry bulk carriers. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes. As of March 24, 2025, it operated a fleet of 37 dry bulk vessels, including 4 … Full DSX analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.84), suggesting sticky customer base.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.78), providing operational cushion.

Key risks

  • Elevated Debt Risk Debt serviceability is weak (score 0.17), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
67

Where DSX ranks in Marine Shipping

Diana Shipping inc. ranks #16 of 34 scored companies in Marine Shipping by moat score — the top 47%. The widest moat in the group is Euroseas Ltd. (ESEA) at 86/100.

Moat scores for companies ranked near DSX in Marine Shipping
# Company Moat score Rating
12 BW LPG Limited BWLP 59/100 Moderate
13 Hafnia Limited HAFN 56/100 Moderate
14 Matson, Inc. MATX 56/100 Moderate
15 Safe Bulkers, Inc SB 55/100 Moderate
16 Diana Shipping inc. DSX 54/100 Moderate
17 Ardmore Shipping Corporation ASC 54/100 Moderate
18 SFL Corporation Ltd SFL 52/100 Moderate
19 Seanergy Maritime Holdings Corp SHIP 52/100 Moderate
20 ZIM Integrated Shipping Service ZIM 47/100 Developing

See every General Corporate company ranked by moat score →

How DSX scores on the Corporate Default defenses

Pricing Power

Score 67 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 39 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 69 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 44 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 44 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 58 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding DSX's moat

What is Diana Shipping inc.'s moat score?

Diana Shipping inc. (DSX) scores 54 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #16 of 34 scored companies in Marine Shipping, the top 47%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 33 companies in Marine Shipping. Its strongest defense is Customer Stickiness (69/100) and its weakest is Cost Advantage (39/100).

How does Diana Shipping inc. compare with other Marine Shipping companies?

Diana Shipping inc. ranks #16 of 34 scored companies in Marine Shipping by moat score. The widest moat in Marine Shipping is Euroseas Ltd. (ESEA) at 86/100. The companies ranked closest are Safe Bulkers, Inc (SB) at 55 just above it and Ardmore Shipping Corporation (ASC) at 54 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 33 companies in Marine Shipping. The defenses are then weighted to produce the overall score out of 100.

Why is Diana Shipping inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Diana Shipping inc.?

The Corporate Default template measures 6 defenses, and DSX scores: Pricing Power (67), Cost Advantage (39), Customer Stickiness (69), Capital Efficiency (44), Resilience (44), Scale & Market Position (58). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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