DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V DSI AQUARIUS WITH BUNGE

02 Dec 2024 15:42 CET

ATHENS, GREECE, December 2, 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 entered into a time charter contract with Bunge
SA, Geneva, for one of its Ultramax dry bulk vessels, the m/v DSI Aquarius. The
gross charter rate is US$13,300 per day, minus a 5.00% commission paid to third
parties, for a period of minimum ten (10) months to about twelve (12) months.
The charter is expected to commence on December 6, 2024.

The “DSI Aquarius” is a 60,309 dwt Ultramax dry bulk vessel built in 2016.

The employment of “DSI Aquarius” is anticipated to generate approximately
US$3.99 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 11.17 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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