Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Myrto with NYK

23 Mar 2026 14:40 CET

ATHENS, GREECE, March 23, 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 extended the time charter contract with Nippon
Yusen Kabushiki Kaisha, Tokyo, for one of its Kamsarmax dry bulk vessels, the
m/v Myrto. The gross charter rate is US$16,650 per day, minus a 5.00% commission
paid to third parties, for a period until minimum September 20, 2027 up to
maximum November 20, 2027. The new charter period is expected to commence on
April 7, 2026. The m/v Myrto is currently chartered, as previously announced, at
a gross charter rate of US$12,000 per day, minus a 5.00% commission paid to
third parties.

The “Myrto” is an 82,131 dwt Kamsarmax dry bulk vessel built in 2013.

The employment extension of “Myrto” is anticipated to generate approximately
US$8.71 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 12.33 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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