Diana Shipping Inc. Announces Time Charter Contract for m/v Philadelphia with Classic Maritime

About this update from Diana Shipping Inc.

ATHENS, Greece, July 27, 2026 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the "Company"), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Classic Maritime Inc., for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$35,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 10, 2027 up to maximum May 10, 2027. The charter is expected to commence on August 8, 2026. The m/v Philadelphia is currently chartered, as previously announced, to Refined Success Limited, at a gross charter rate of US$21,500 per day, minus a 5.00% commission paid to third parties. The "Philadelphia" is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012. The employment of "Philadelphia" is anticipated to generate a total of approximately US$7.46 million of gross revenue for the minimum scheduled period of the time charter. Diana Shipping Inc.'s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company's fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 12.67 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 part of this press release. About the Company Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company's vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes. Cautionary Statement Regarding Forward-Looking Statements Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 p...

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