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Athens, Greece - April 13, 2022 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 C Transport Maritime Ltd., Bermuda, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$26,000 per day, minus a 5% commission paid to third parties, for a period until minimum February 1, 2024 up to maximum April 15, 2024. The charter commenced yesterday. The “Philadelphia” is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012. The employment of “Philadelphia” is anticipated to generate approximately US$16.87 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.’s owned and bareboat chartered-in fleet currently consists of 35 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax and 8 Panamax). As of today, the combined carrying capacity of our fleet is approximately 4.5 million dwt with a weighted average age of 10.21 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 a part of this press release. About the Company Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. 
The 2012-built Newcastlemax dry bulk carrier “Philadelphia”. Image by Diana Shipping Inc. Diana Shipping Inc. press release 
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