Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Altair with Bunge

12 Jan 2026 15:37 CET

ATHENS, GREECE, January 12, 2026 – 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 Bunge
SA, Geneva, for one of its Ultramax dry bulk vessels, the m/v DSI Altair. The
gross charter rate is US$14,750 per day, minus a 5.00% commission paid to third
parties, for a period until minimum January 15, 2027 up to maximum March 30,
2027. The charter is expected to commence on January 17, 2026.

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

The employment of “DSI Altair” is anticipated to generate a total of
approximately US$5.30 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 12.14 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

663488_DSX_Press_Release_DSI_Altair_120126.pdf