Diana Shipping Inc. Announces Time Charter Contract for m/v Maera with Cargill

16 Dec 2022 16:00 CET

ATHENS, GREECE, December 16, 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 entered into a time charter contract with
Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the
m/v Maera. The gross charter rate is US$12,000 per day, minus a 4.75% commission
paid to third parties, for a period until minimum October 28, 2023 up to maximum
December 28, 2023. The charter commenced earlier today.

The “Maera” is a 75,403 dwt Panamax dry bulk vessel built in 2013.

The employment of “Maera” is anticipated to generate approximately US$3.74
million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels (4
Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax and 7
Ultramax). The Company also expects to take delivery of 2 Ultramax dry bulk
vessels in the fourth quarter of 2022. As of today, the combined carrying
capacity of the Company’s fleet, excluding the 2 Ultramax dry bulk vessels not
yet delivered, is approximately 4.8 million dwt with a weighted average age of
10.21 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...

More information:
Access the news on Oslo Bors NewsWeb site

578487_DSX_Press_Release_Maera_Charter_161222.pdf