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

03 Oct 2024 15:38 CEST

ATHENS, GREECE, October 3, 2024 – 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 extended the time charter contract with Aquavita
International S.A., for one of its Post-Panamax dry bulk vessels, the m/v
Phaidra. The gross charter rate is US$12,000 per day, minus a 4.75% commission
paid to third parties, for a period until minimum May 1, 2025 up to maximum July
15, 2025. The new charter period is expected to commence on October 11, 2024.

The “Phaidra” is a 87,146 dwt Post-Panamax dry bulk vessel built in 2013.

The employment of “Phaidra” is anticipated to generate approximately US$2.4
million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 38 dry bulk vessels: 4
Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax.
The Company also expects to take delivery of two methanol dual fuel new-building
Kamsarmax dry bulk vessels by the second half of 2027 and the first half of
2028, respectively. As of today, the combined carrying capacity of the Company’s
fleet, excluding the two vessels not yet delivered, is approximately 4.2 million
dwt with a weighted average age of 11.01 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

628999_DSX_Press_Release_Phaidra_031024_pdf.pdf