M/V Myrsini.   Image by Diana Shipping Inc.



Diana Shipping Inc. Announces Time Charter Contract for m/v Myrsini

Athens, Greece - November 21, 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 Salanc Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Myrsini.

The gross charter rate is US$15,000 per day, minus a 5% commission paid to third parties, for a period until minimum April 20, 2024 up to maximum June 28, 2024. The charter is expected to commence tomorrow.

The "Myrsini" is a 82,117 dwt Kamsarmax dry bulk vessel built in 2010.

The employment of "Myrsini" is anticipated to generate approximately US$7.62 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.'s fleet currently consists of 40 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax and 6 Ultramax).

The Company also expects to take delivery of 3 Ultramax dry bulk vessels in the fourth quarter of 2022.

As of today, the combined carrying capacity of our fleet, excluding the 3 Ultramax dry bulk vessels not yet delivered, is approximately 4.7 million dwt with a weighted average age of 10.18 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.

Diana Shipping Inc. press release