Diana Shipping a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hyundai Glovis , for one of its Kamsarmax dry bulk vessels, the m/v Maia. The gross charter rate is US$25,000 per day, minus a 5% commission paid to third parties, for a period until minimum September 20, 2023 up to maximum November 20, 2023. The charter is expected to commence on May 23, 2022.

The “Maia” is a 82,193 dwt Kamsarmax dry bulk vessel built in 2009.

The employment of “Maia” is anticipated to generate approximately US$13.43 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 10.30 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.