Diana Shipping Inc. announced that it has entered into a time charter contract with Cobelfret S.A., Luxembourg, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate is USD 17,100 per day, minus a 5.00% commission paid to third parties, for a period until minimum February 1, 2025 up to maximum March 25, 2025. The charter is expected to commence on June 25, 2024.

The m/v Myrsini is currently chartered, as previously announced, to Salanc Pte. Ltd., at a gross charter rate of USD 15,000 per day, minus a5.00% commission paid to Third parties. The "Myrsini" is a 82,117 dwt Kamsarmax dry bulk vessel built in 2010.

The employment of "Myrsini" is anticipated to generate approximately USD 3.71 million of gross revenue for the minimum scheduled period of the time charter. Upon completion of the previously announced sale of m/v Houston, Diana Shipping Inc.'s fleet will consist of 38 dry bulk vessels: 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax. The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vehicles by the second half of 2027 and the first half of 2028, respectively.

The combined carrying capacity of the Company's fleet including the m/v Houston and excluding the two vessels not yet delivered, is approximately 4.4 million dwt with a weighted average age of 10.86 years.