Diana Shipping Inc. Announces Time Charter Contract for m/v Atalandi with Stone Shipping

06 Jun 2025 15:37 CEST

ATHENS, GREECE, June 6, 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 Stone Shipping Ltd,
for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The gross
charter rate is US$9,000 per day for the first thirty-five (35) days of the
charter period and US$10,100 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 June 15, 2026 up to maximum August 15, 2026. The charter is expected to
commence on June 9, 2025.

The “Atalandi” is a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014.

The employment of “Atalandi” is anticipated to generate approximately US$3.62
million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 37 dry bulk vessels (4
Newcastlemax, 8 Capesize, 4 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
4.1 million dwt, with a weighted average age of 11.60 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 part of this press release...

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