Diana Shipping Inc. Announces Time Charter Contract for m/v P. S. Palios with Glencore

05 Dec 2025 15:28 CET

ATHENS, GREECE, December 5, 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
Glencore Freight Pte. Ltd., for one of its Capesize dry bulk vessels, the m/v P.
S. Palios. The gross charter rate is US$25,200, minus a 5.00% commission paid to
third parties, for a period until minimum November 15, 2026 up to maximum
January 15, 2027. The charter is expected to commence on December 14, 2025.

The “P. S. Palios” is a 179,134 dwt Capesize bulk vessel built in 2013.

The employment of “P. S. Palios” is anticipated to generate a total of
approximately US$8.34 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 12.03 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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661395_DSX_Press_Release_P.S. Palios_051225.pdf