18 Dec 2024 15:40 CET

Issuer

Diana Shipping Inc

ATHENS, GREECE, December 18, 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 Mitsui
O.S.K. Lines, Ltd., for one of its Capesize dry bulk vessels, the m/v Santa
Barbara. The gross charter rate is US$22,000 per day, minus a 5.00% commission
paid to third parties, for a period until minimum October 20, 2025 up to maximum
December 20, 2025. The charter is expected to commence on December 28, 2024. The
m/v Santa Barbara was chartered, as previously announced, to Smart Gain Shipping
Co., Limited, at a gross charter rate of US$21,250 per day, minus a 5.00%
commission paid to third parties.

The “Santa Barbara” is a 179,426 dwt Capesize dry bulk vessel built in 2015.

The employment of “Santa Barbara” is anticipated to generate approximately
US$6.42 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 11.22 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...


635113_DSX_Press_Release_Santa_Barbara_181224_final.pdf

Source

Diana Shipping Inc

Provider

Oslo Børs Newspoint

Company Name

Diana Shipping Inc. 24/29 8,75% USD C

ISIN

NO0013265835

Market

Oslo Børs