Diana Shipping Inc. Announces Time Charter Contract for m/v Phaidra with NYK

12 Feb 2026 15:43 CET

ATHENS, GREECE, February 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 Nippon
Yusen Kabushiki Kaisha, Tokyo, for one of its Post-Panamax dry bulk vessels, the
m/v Phaidra. The gross charter rate is US$14,500 per day, minus a 5.00%
commission paid to third parties, for a period until minimum February 20, 2027
up to maximum April 20, 2027. The charter is expected to commence on February
24, 2026. The m/v Phaidra is currently chartered, as previously announced, at a
gross charter rate of US$9,750 per day, minus a 5.00% commission paid to third
parties.

The “Phaidra” is an 87,146 dwt Post-Panamax dry bulk vessel built in 2013.

The employment of “Phaidra” is anticipated to generate a total of approximately
US$5.18 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 12.22 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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