Diana Shipping Inc. Announces the Sale of a Panamax Dry Bulk Vessel, the m/v Selina

16 Jun 2025 15:48 CEST

ATHENS, GREECE, June 16, 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 it has signed, through a
separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an
unaffiliated third party, the 2010-built Panamax vessel “Selina”, with delivery
to the buyer latest by August 15, 2025, for a sale price of approximately
US$11.8 million before commissions.

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will
consist of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6
Kamsarmax, 5 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, including the m/v Selina and excluding
the two vessels not yet delivered, is approximately 4.1 million dwt with a
weighted average age of 11.63 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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649316_DSX_Press_Release_Selina_Sale_160625.pdf