DIANA SHIPPING INC. ANNOUNCES DIRECT CONTINUATION OF TIME CHARTER CONTRACT FOR M/V AMPHITRITE

24 Dec 2024 15:36 CET

ATHENS, GREECE, December 24, 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
Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the
m/v Amphitrite. The gross charter rate is US$8,750 per day for the first fifty
(50) days of the charter period and US$12,100 per day for the balance period of
the time charter, in each case minus a 5.00% commission paid to third parties,
for a period until minimum January 1, 2026 up to maximum March 15, 2026. The new
charter period is expected to commence on December 31, 2024.

The “Amphitrite” is a 98,697 dwt Post-Panamax dry bulk vessel built in 2012.

The employment extension of “Amphitrite” is anticipated to generate
approximately US$4.22 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 11.23 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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