ATHENS, Greece, April 27, 2023 (GLOBE NEWSWIRE) — Diana Shipping Inc. DSX, (the “Company”), a global shipping company specializing in the ownership and bareboat chartering of dry bulk carriers, announced today that it has entered into a time charter agreement with Reachy Shipping (SGP) Pte. Ltd., for one of its Kamsarmax dry bulk carriers, the m/v Astarte. The gross charter rate is US$15,000 per day less a 5% commission paid to third parties for a period ending at least August 1, 2024 and not exceeding October 1, 2024. Charter is expected to commence on April 30, 2023.

The Astarte is a 81,513 dwt Kamsarmax bulk carrier built in 2013.

The employment of “Astarte” is expected to generate approximately $6.78 million in gross revenue for the minimum planned time charter period.

Diana Shipping Inc.’s fleet currently consists of 42 bulk carriers (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 10 Ultramax). At this time, the Company’s fleet combined deadweight tonnage is approximately 4.7 million dwt with a weighted average age of 10.02 years. A table describing Diana Shipping Inc.’s current fleet can be found on the company’s website. www.dianshippinginc.com. The information contained on the company’s website is not part of this press release.

about the company

Diana Shipping Inc. is a global provider of marine transportation services through its ownership and bareboat charter of dry bulk carriers. The Company’s vessels are primarily used for short to medium term time charters, transporting a range of dry bulk commodities including commodities such as iron ore, coal, grain and other materials on global shipping routes.

Cautionary Note Regarding Forward-Looking Statements

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