Athens, Greece – October 15, 2025
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 extended the time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Semirio.
The gross charter rate is US$21,650 minus a 5.00% commission paid to third parties, for a period until minimum January 31, 2027 up to maximum April 15, 2027. The new charter period is expected to commence on March 15, 2026. The m/v Semirio is currently chartered, as previously announced, at a gross charter rate of US$16,650 per day, minus a 5.00% commission paid to third parties.
The “Semirio” is an 174,261 dwt Capesize dry bulk vessel built in 2007.
The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with CRC Shipping Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Maera. The gross charter rate is US$11,750, minus a 5.00% commission paid to third parties, for a period until minimum October 20, 2026 up to maximum December 20, 2026.
The new charter period is expected to commence on November 2, 2025. The m/v Maera is currently chartered, as previously announced, to China Resource Chartering Limited, Hong Kong, at a gross charter rate of US$8,400 per day, minus a 5.00% commission paid to third parties.
The “Maera” is a 75,403 dwt Panamax bulk vessel built in 2013.
The employments of “Semirio” and “Maera” are anticipated to generate a total of approximately US$10.93 million of gross revenue for the minimum scheduled period of the time charters.
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 11.91 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, Information contained on the Company’s website does not constitute part of this press release.
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.
