ATHENS, Greece, November 16, 2022 (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 Western Bulk Carriers AS, through a separate wholly owned subsidiary, for one of its Ultramax dry bulk carriers, the m/v DSI Andromeda. The gross charter price is US$14,250 per day less a 5% commission paid to third parties for a period ending at least October 16, 2023 and not exceeding December 16, 2023. Charter commencement is expected later today.

The “DSI Andromeda” is a 60,309 dwt Ultramax bulk carrier built in 2016.

The operation of “DSI Andromeda” is expected to generate approximately US$4.70 million in gross revenue for the minimum planned time charter duration.

The Diana Shipping Inc. fleet currently consists of 40 bulk carriers (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax and 6 Ultramax). The Company also expects to take delivery of three Ultramax dry bulk carriers in Q4 2022. As of today, the combined deadweight tonnage of our fleet, excluding the three Ultramax dry bulk carriers not yet delivered, is approximately 4.7 million dwt with a weighted average age of 10.16 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.

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