DIANA SHIPPING INC. ANNOUNCES THE COMPLETION OF SALE AND LEASEBACK TRANSACTION OF M/V DSI ANDROMEDA

23 Dec 2022 15:48 CET

ATHENS, GREECE, December 23, 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 completed the previously announced sale and leaseback
agreement with
an unaffiliated Japanese third party for the 2016-built Ultramax dry bulk
vessel, m/v DSI
Andromeda. The Company’s gross proceeds are US$29.85 million. As part of the
agreement, the Company will bareboat charter-in the vessel for a period of ten
years plus
30 days at the charterer’s option at US$8,950 per day and have purchase options
beginning at the end of the third year of the bareboat charter period.
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). 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 10.23 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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579165_DSX_Press_Release_Sale_and_Leaseback_DSI_Andromeda_231222.pdf