Diana Shipping Inc. Announces Signing and Drawdown of a US$55.0 Million Term Loan Facility with National Bank of Greece S.A.

01 Oct 2025 15:25 CEST

ATHENS, GREECE, October 1, 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 the successful signing of a
US$55.0 million six-year secured term loan facility with National Bank of Greece
S.A. on September 29, 2025. The full amount was drawn down immediately. The new
loan maturing in September 2031 is secured by five vessels.

Mr. Ioannis Zafirakis, Director, Co-Chief Financial Officer, Chief Strategy
Officer, Treasurer and Secretary of the Company, stated: “Through this strategic
transaction, the Company reaffirms its commitment to optimizing its capital
structure while enhancing its operational and investing flexibility.”

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 11.85 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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