Diana Shipping Inc. Announces Time Charter Contracts for m/v New York with Refined Success and m/v DSI Pyxis with Oldendorff

29 Apr 2026 15:35 CEST

ATHENS, GREECE, April 29, 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
Refined Success Limited, for one of its Capesize dry bulk vessels, the m/v New
York. The gross charter rate is US$27,500 per day, minus a 5.00% commission paid
to third parties, for a period until minimum February 1, 2028 up to maximum
March 31, 2028. The charter is expected to commence on May 1, 2026. The m/v New
York is currently chartered, as previously announced, at a gross charter rate of
US$17,600 per day, minus a 5.00% commission paid to third parties.

The “New York” is a 177,773 dwt Capesize dry bulk vessel built in 2010.

The Company also announced that, through a separate wholly-owned subsidiary, it
has entered into a time charter contract with Oldendorff GmbH & Co. KG, for one
of its Ultramax dry bulk vessels, the m/v DSI Pyxis. The gross charter rate is
US$16,000 per day, minus a 5.00% commission paid to third parties, for a period
until minimum June 15, 2027 up to maximum August 15, 2027. The charter is
expected to commence on May 3, 2026. The m/v DSI Pyxis is currently chartered,
as previously announced, at a gross charter rate of US$13,100 per day, minus a
5.00% commission paid to third parties.

The “DSI Pyxis” is a 60,362 dwt Ultramax dry bulk vessel built in 2018.

The employments of “New York” and “DSI Pyxis” are anticipated to generate
approximately US$23.76 million of gross revenue for the minimum scheduled period
of the time charters.

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 12.43 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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671895_DSX_Press_Release_New York_DSI Pyxis_290426.pdf