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 Cobelfret S.A., Luxembourg, for one of its Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$12,650 per day, minus a 5% commission paid to third parties, for a period until minimum November 1, 2024 up to maximum January 15, 2025. The charter is expected to commence on July 15, 2023.

The “Myrto” is an 82,131 dwt Kamsarmax dry bulk vessel built in 2013.

The employment of “Myrto” is anticipated to generate approximately US$5.91 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 42 dry bulk vessels: 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax (including a partial interest through a joint venture arrangement in one Ultramax). As of today, the combined carrying capacity of the Company’s fleet is approximately 4.7 million dwt with a weighted average age of 10.23 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.