Diana Shipping Inc. Announces Time Charter Contract for m/v San Francisco with SwissMarine

10 Feb 2023 15:45 CET

ATHENS, GREECE, February 10, 2023 – 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
SwissMarine Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels,
the m/v San Francisco. The gross charter rate is US$22,000 per day, minus a 5%
commission paid to third parties, for a period until minimum January 5, 2025 up
to maximum March 5, 2025. The charter is expected to commence on February 19,
2023.

The “San Francisco” is a 208,006 dwt Newcastlemax dry bulk vessel built in 2017.

The employment of “San Francisco” is anticipated to generate approximately
US$14.89 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, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9
Ultramax). As of today, the combined carrying capacity of the Company’s fleet,
is approximately 4.7 million dwt with a weighted average age of 9.85 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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