ATHENS, GREECE, June 24, 2026 – 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 Paralos Shipping Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$15,750 per day, minus a 5.00% commission paid to third parties, for a period until minimum May 15, 2027 up to maximum July 15, 2027. The charter is expected to commence on July 05, 2026.
The m/v Ismene is currently chartered, as previously announced, to CRC Shipping Pte. Ltd., at a gross charter rate of US$11,000 per day, minus a 5.00% commission paid to third parties.
The “Ismene” is a 77,901 dwt Panamax dry bulk vessel built in 2013.
The employment of “Ismene” is anticipated to generate a total of approximately US$4.88
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 12.58 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.
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 provides safe harbor protections for
forward-looking statements in order to encourage companies to provide prospective
information about their business. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than statements of historical
facts.
The Company desires to take advantage of the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary statement in
connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,”
“estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,”
“pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions,
many of which are based, in turn, upon further assumptions, including without limitation,
Company management’s examination of historical operating trends, data contained in the
Company’s records and other data available from third parties.
Although the Company
believes that these assumptions were reasonable when made, because these assumptions
are inherently subject to significant uncertainties and contingencies that are difficult or
impossible to predict and are beyond the Company’s control, the Company cannot assure
you that it will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in the Company’s view,
could cause actual results to differ materially from those discussed in the forward-looking
statements include the strength of world economies and currencies, general market
conditions, including fluctuations in charter rates and vessel values, changes in demand for
dry bulk shipping capacity, changes in the Company’s operating expenses, including
bunker prices, drydocking and insurance costs, the market for the Company’s vessels,
availability of financing and refinancing, changes in governmental rules and regulations or
actions taken by regulatory authorities, tariff policies and other trade restrictions, potential
liability from pending or future litigation, general domestic and international political
conditions, including risks associated with the continuing conflict between Russia and
Ukraine and related sanctions, potential disruption of shipping routes due to accidents or
political events, including the escalation of the conflict in the Middle East, vessel
breakdowns and instances of off-hires and other factors. Please see the Company’s filings
with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or
update any forward-looking statement, or to make any other forward-looking statements,
whether as a result of new information, future events or otherwise.
