Diana Shipping Inc. Announces the Acquisition of an Ultramax Dry Bulk Vessel

14 Feb 2023 17:39 CET

ATHENS, GREECE, February 14, 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 it has signed a Memorandum
of Agreement to acquire from an unaffiliated third party the m/v Nord Potomac, a
2016 built Ultramax dry bulk vessel of 63,379 dwt, for a purchase price of
US$27.9 million. The Company anticipates to take delivery of the vessel by the
beginning of April 2023.

Excluding the newly acquired vessel, Diana Shipping Inc.’s fleet currently
consists of 41 dry bulk vessels (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6
Kamsarmax and 7 Panamax and 9 Ultramax). As of today, the combined carrying
capacity of the Company’s fleet, excluding the vessel not yet delivered, is
approximately 4.7 million dwt with a weighted average age of 9.87 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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