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Athens, Greece - October 1, 2025 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 the successful signing of a US$55.0 million six-year secured term loan facility with National Bank of Greece S.A. on September 29, 2025. The full amount was drawn down immediately. The new loan maturing in September 2031 is secured by five vessels. Mr. Ioannis Zafirakis, Director, Co-Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary of the Company, stated: "Through this strategic transaction, the Company reaffirms its commitment to optimizing its capital structure while enhancing its operational and investing flexibility." 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 11.85 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. 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 
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