Diana Shipping Inc. Announces the Sale of a Panamax Dry Bulk Vessel, the m/v Coronis

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2006-built vessel “Coronis”, with delivery to the buyer latest by January 20, 2021, for a sale price of US$7.1 million before commissions.

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 39 dry bulk vessels (4 Newcastlemax, 13 Capesize, 5 Post-Panamax, 5 Kamsarmax and 12 Panamax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Coronis, is approximately 5.0 million dwt with a weighted average age of 9.95 years.