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 ASL Bulk Marine Limited for one of its Ultramax dry bulk vessels, the m/v DSI Pyxis. The gross charter rate is US$14,250 per day, minus a 5% commission paid to third parties, for a period until minimum October 10, 2024 up to maximum December 10, 2024. The charter commenced on September 24, 2023.

The “DSI Pyxis” is a 60,362 dwt Ultramax dry bulk vessel built in 2018.

The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport Pte. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Maia. The gross charter rate is US$13,500 per day, minus a 5% commission paid to third parties, for a period until minimum June 15, 2024 up to maximum August 20, 2024. The charter commenced on September 23, 2023.

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

The employments of “DSI Pyxis” and “Maia” are anticipated to generate approximately US$8.91 million of gross revenue for the minimum scheduled periods of the time charters.

Diana Shipping Inc.’s fleet currently consists of 41 dry bulk vessels: 4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 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 10.48 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.