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Diana Shipping Announces Time Charter Contract For mv Maia with Hyundai Glovis

Diana Shipping Inc. (NYSE: DSX), 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 Hyundai Glovis Co. Ltd., for one of its Kamsarmax dry bulk vessels, the m/v Maia

The gross charter rate is US$25,000 per day, minus a 5% commission paid to third parties, for a period until a minimum of September 20, 2023, up to a maximum of November 20, 2023. The charter is expected to commence on May 23, 2022.

The “Maia” is an 82,193 dwt Kamsarmax dry bulk vessel built-in 2009.

The employment of “Maia” is anticipated to generate approximately US$13.43 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s owned and bareboat chartered-in fleet currently consists of 35 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax). As of today, the combined carrying capacity of our fleet is approximately 4.5 million dwt with a weighted average age of 10.30 years.

About: Diana Shipping Inc.

Diana Shipping Inc. (NYSE: DSX) is a global provider of shipping transportation services.

We specialize in the ownership and bareboat charter-in of dry bulk vessels. As of April 18, 2022, our fleet consists of 35 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax).

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