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

Diana Shipping Inc., a global shipping company specializing in the ownership and bareboat charter-in 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 2007-built vessel “Boston”, with delivery to the buyer latest by December 20, 2023, for a net sale price of approximately US$18 million.

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 40 dry bulk vessels (4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax). As of today, the combined carrying capacity of the Company’s fleet, including the m/v Boston, is approximately 4.7 million dwt with a weighted average age of 10.51 years.

A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com.