Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Semirio with Solebay and Time Charter Contract for m/v Maera with CRC Shipping

22 Oct 2025 15:52 CEST

ATHENS, GREECE, October 22, 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 extended the time charter contract with Solebay
Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk
vessels, the m/v Semirio. The gross charter rate is US$21,650 minus a 5.00%
commission paid to third parties, for a period until minimum January 31, 2027 up
to maximum April 15, 2027. The new charter period is expected to commence on
March 15, 2026. The m/v Semirio is currently chartered, as previously announced,
at a gross charter rate of US$16,650 per day, minus a 5.00% commission paid to
third parties.

The “Semirio” is an 174,261 dwt Capesize dry bulk vessel built in 2007.

The Company also announced that, through a separate wholly-owned subsidiary, it
has entered into a time charter contract with CRC Shipping Pte. Ltd., Singapore,
for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate
is US$11,750, minus a 5.00% commission paid to third parties, for a period until
minimum October 20, 2026 up to maximum December 20, 2026. The new charter period
is expected to commence on November 2, 2025. The m/v Maera is currently
chartered, as previously announced, to China Resource Chartering Limited, Hong
Kong, at a gross charter rate of US$8,400 per day, minus a 5.00% commission paid
to third parties.

The “Maera” is a 75,403 dwt Panamax bulk vessel built in 2013.


The employments of “Semirio” and “Maera” are anticipated to generate a total of
approximately US$10.93 million of gross revenue for the minimum scheduled period
of the time charters.

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 11.91 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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657722_DSX_Press_Release_Semirio_Maera_221025.pdf