Diana Shipping Inc. Announces Time Charter Contract for m/v Myrsini with Paralos Shipping

19 Dec 2025 15:41 CET

ATHENS, GREECE, December 19, 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
Paralos Shipping Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v
Myrsini. The gross charter rate is US$13,500 per day, minus a 5.00% commission
paid to third parties, for a period until minimum December 20, 2026 up to
maximum February 20, 2027. The charter is expected to commence on January 1,
2026. The m/v Myrsini is currently chartered, as previously announced, to
Cargill International SA, Geneva, at a gross charter rate of US$13,000 per day,
minus a 4.75% commission paid to third parties.

The “Myrsini” is an 82,117 dwt Kamsarmax bulk vessel built in 2010.

The employment of “Myrsini” is anticipated to generate a total of approximately
US$4.71 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 12.07 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...

More information:
Access the news on Oslo Bors NewsWeb site

662571_DSX_Press_Release_Myrsini_191225.pdf