DIANA SHIPPING INC. ANNOUNCES DELIVERY OF THE ULTRAMAX DRY BULK VESSEL M/V DSI PHOENIX

03 Nov 2022 14:48 CET

ATHENS, GREECE, November 3, 2022 – Diana Shipping Inc. (NYSE: DSX), (the
“Company”), a global shipping company specializing in the ownership and bareboat
charter-in of dry bulk vessels, today announced that, through a separate
wholly-owned subsidiary, it has taken delivery of the m/v DSI Phoenix (formerly
“STH Chiba”), a 2017 built Ultramax dry bulk vessel of 60,456 dwt. The vessel is
one of nine modern Ultramax dry bulk vessels that the Company entered into an
agreement to purchase in August 2022.

Including the newly delivered m/v DSI Phoenix, Diana Shipping Inc.’s fleet
currently consists of 37 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5
Post-Panamax, 6 Kamsarmax, 8 Panamax and 3 Ultramax). The Company also expects
to take delivery of 6 Ultramax dry bulk vessels in the fourth quarter of 2022.
As of today, the combined carrying capacity of our fleet, excluding the 6
Ultramax dry bulk vessels not yet delivered, is approximately 4.6 million dwt
with a weighted average age of 10.29 years. A table describing the current Diana
Shipping Inc. fleet can be found on the Company’s website,
www.dianashippinginc.com. Information contained on the Company’s website does
not constitute a part of this press release...

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