Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with CLdN Cobelfret SA, Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia. The gross charter rate is USD 10,000 per day for the first thirty (30) days of the charter period and USD 15,000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties, for a period until minimum April 1, 2024 up to maximum May 31, 2024. The new charter period commenced on January 14, 2023.

The “Polymnia” is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012. The Company also 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 Newcastlemax dry bulk vessels, the m/v Los Angeles. The gross charter rate is USD 17,700 per day, minus a 5% commission paid to third parties, for a period until minimum May 20, 2024 up to maximum August 5, 2024.

The charter commenced on January 15, 2023. The “Los Angeles” is a 206,104 dwt Newcastlemax dry bulk vessel built in 2012. The employment extension of “Polymnia” as well as the employment of “Los Angeles” are anticipated to generate approximately USD 15.02 million of gross revenue for the minimum scheduled period of the time charters.