DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V NEW YORK WITH SWISSMARINE

10 Jan 2025 14:49 CET

ATHENS, GREECE, January 10, 2025 – 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
SwissMarine Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the
m/v New York. The gross charter rate is US$6,300 per day for the first trip of
the charter period and US$17,600 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 15, 2026 up to maximum March 30, 2026. The charter
is expected to commence on January 12, 2025.

The “New York” is a 177,773 dwt Capesize dry bulk vessel built in 2010.

The employment of “New York” is anticipated to generate approximately US$6.03
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 11.28 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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