Diana Shipping Inc. Announces Time Charter Contract for m/v Leonidas P. C. With Cargill

17 Mar 2023 21:08 CET

ATHENS, GREECE, March 17, 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
Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels,
the m/v Leonidas P. C. The gross charter rate is US$17,000 per day, minus a
4.75% commission paid to third parties, for a period of minimum eleven (11)
months to maximum thirteen (13) months. The charter commenced earlier today.

The “Leonidas P. C.” is a 82,165 dwt Kamsarmax dry bulk vessel built in 2011.

The employment of “Leonidas P. C.” is anticipated to generate approximately
US$5.61 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). The Company also expects to take delivery of 1 Ultramax dry bulk
vessel by the beginning of April of 2023. As of today, the combined carrying
capacity of the Company’s fleet, excluding the 1 Ultramax dry bulk vessel not
yet delivered, is approximately 4.7 million dwt with a weighted average age of
9.95 years. A table describing the current Diana Shipping Inc. fleet can be
found on the Company’s website, www.dianashippinginc.com. Information
contained...

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