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 Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is US$14,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum February 20, 2027 up to maximum April 20, 2027. The charter is expected to commence on February 24, 2026. The m/v Phaidra is currently chartered, as previously announced, at a gross charter rate of US$9,750 per day, minus a 5.00% commission paid to third parties.

The "Phaidra" is an 87,146 dwt Post-Panamax dry bulk vessel built in 2013.

The employment of "Phaidra" is anticipated to generate a total of approximately US$5.18 million of gross revenue for the minimum scheduled period of the time charter.