Diana Shipping Inc. Announces Time Charter Contracts for m/v DSI Pyxis with ASL and m/v Maia with ST Shipping

25 Sep 2023 17:10 CEST

ATHENS, GREECE, September 25, 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 ASL
Bulk Marine Limited for one of its Ultramax dry bulk vessels, the m/v DSI Pyxis.
The gross charter rate is US$14,250 per day, minus a 5% commission paid to third
parties, for a period until minimum October 10, 2024 up to maximum December 10,
2024. The charter commenced on September 24, 2023.

The “DSI Pyxis” is a 60,362 dwt Ultramax dry bulk vessel built in 2018.

The Company also announced that, through a separate wholly-owned subsidiary, it
has entered into a time charter contract with ST Shipping and Transport Pte.
Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Maia. The gross charter
rate is US$13,500 per day, minus a 5% commission paid to third parties, for a
period until minimum June 15, 2024 up to maximum August 20, 2024. The charter
commenced on September 23, 2023.

The “Maia” is a 82,193 dwt Kamsarmax dry bulk vessel built in 2009.

The employments of “DSI Pyxis” and “Maia” are anticipated to generate
approximately US$8.91 million of gross revenue for the minimum scheduled periods
of the time charters.

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 10.48 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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