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

28/9/2009

ATHENS, GREECE, September 28, 2009 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Intermare Transport GmbH, Hamburg, for one of its Panamax dry bulk carriers, the m/v Triton, at a gross charter rate of US$17,000 per day for a period of minimum eleven (11) to about thirteen (13) months. The charter is expected to commence in the middle of October 2009.

This employment is anticipated to generate approximately US$5.6 million of gross revenue for the minimum scheduled period of the charter.

The m/v Triton is a 75,336 dwt Panamax dry bulk carrier built in 2001.

About the Company
Diana Shipping Inc. is a global provider of shipping transportation services. The Company specializes in transporting dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Diana Shipping Inc. press release