Diana Shipping Inc. Announces Time Charter Contract for m/v Electra with Cobelfret S.A.

12 Apr 2023 15:26 CEST

ATHENS, GREECE, April 12, 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
Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the
m/v Electra. The gross charter rate is US$14,500 per day, minus a 5% commission
paid to third parties, for a period until minimum June 1, 2024 up to maximum
August 1, 2024. The charter is expected to commence tomorrow.

The “Electra” is a 87,150 dwt Post-Panamax dry bulk vessel built in 2013.

The employment of “Electra” is anticipated to generate approximately US$5.93
million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 42 dry bulk vessels (4
Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10
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 9.98 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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