Diana Shipping Inc. Announces Time Charter Contract for m/v Astarte

28 Jul 2025 15:34 CEST

ATHENS, GREECE, July 28, 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 Propel
Shipping Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Astarte.
The gross charter rate is US$12,500, minus a 5.00% commission paid to third
parties, for a period until minimum August 16, 2026 up to maximum October 16,
2026. The charter is expected to commence on August 2, 2025.

The “Astarte” is an 81,513 dwt Kamsarmax dry bulk vessel built in 2013.

The employment of “Astarte” is anticipated to generate approximately US$4.68
million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists 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, excluding the two vessels not yet delivered, is approximately
4.1 million dwt, with a weighted average age of 11.68 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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