Diana Shipping Inc. Announces Time Charter Contract for m/v Los Angeles with MOL and Direct Continuation of Time Charter Contract for m/v DSI Aquarius with Bunge

03 Nov 2025 15:32 CET

ATHENS, GREECE, November 3, 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 MOL
Ocean Bulk Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels,
the m/v Los Angeles. The gross charter rate is US$24,000, minus a 5.00%
commission paid to third parties, for a period until minimum September 10, 2026
up to maximum November 1, 2026. The charter commenced on November 1, 2025.

The “Los Angeles” is a 206,104 dwt Newcastlemax bulk vessel built in 2012.

The Company also announced that, through a separate wholly-owned subsidiary, it
has extended the time charter contract with Bunge SA, Geneva, for one of its
Ultramax dry bulk vessels, the m/v DSI Aquarius. The gross charter rate is
US$14,500, minus a 5.00% commission paid to third parties, for a period until
minimum November 1, 2026 up to maximum December 31, 2026. The new charter period
is expected to commence on November 8, 2025.

The “DSI Aquarius” is a 60,309 dwt Ultramax bulk vessel built in 2016.

The employments of “Los Angeles” and “DSI Aquarius” are anticipated to generate
a total of approximately US$12.55 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 11.94 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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