Diana Shipping Announces Time Charter Contract For m/v Myrto With NYK; Gross Charter Rate Is $12,000 Per Day, Anticipated To Generate ~$5.11M Of Gross Revenue For The Minimum Scheduled Period Of The Time Charter

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Diana Shipping Inc.

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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 Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$12,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 1, 2026 up to maximum May 15, 2026. The charter is expected to commence on December 23, 2024.

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

The employment of "Myrto" is anticipated to generate approximately US$5.11 million of gross revenue for the minimum scheduled period of the time charter.

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