Diana Shipping Inc. Announces Time Charter Contract for m/v GP Zafirakis with NYK Line Page 1

ATHENS, Greece, Aug. 26, 2024 (GLOBE NEWSWIRE) — 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 it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, through a separate wholly owned subsidiary, for one of its Capesize dry bulk vessels, the m/v GP Zafirakis. The gross charter rate is US$26,800 per day, less a 5.00% commission paid to third parties, for a minimum of twenty-three (23) months and a maximum of twenty-six (26) months. The charter is expected to commence on September 9, 2024. The m/v GP Zafirakis has been chartered, as previously announced, to Solebay Shipping Cape Company Limited, Hong Kong, at a gross charter rate of US$17,000 per day, less a 5.00% commission paid to third parties.

The “GP Zafirakis” is a 179,492 dwt Capesize dry bulk vessel, built in 2014.