Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Seattle with Solebay

28 Sep 2023 15:40 CEST

ATHENS, GREECE, September 28, 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
Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry
bulk vessels, the m/v Seattle. The gross charter rate is US$17,500 per day,
minus a 5% commission paid to third parties, for a period until minimum July 15,
2025 up to maximum September 30, 2025. The new charter period is expected to
commence on October 1, 2023.

The “Seattle” is a 179,362 dwt Capesize dry bulk vessel built in 2011.

The employment of “Seattle” is anticipated to generate approximately US$11.27
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 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.

More information:
Access the news on Oslo Bors NewsWeb site

600489_DSX_Press_Release_Seattle_280923.pdf