Diana Shipping Inc. Announced Time Charter Contract for m/v DSI Pyxis with Stone Shipping

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Stone Shipping Ltd, for one of its Ultramax dry bulk vessels, the m/v DSI Pyxis. The gross charter rate is US$13,100 per day, minus a 5.00% commission paid to third parties, for a period until minimum February 20, 2026 up to maximum April 20, 2026. The charter has already commenced.

The “DSI Pyxis” is a 60,362 dwt Ultramax dry bulk vessel built in 2018.

The employment of “DSI Pyxis” is anticipated to generate approximately US$6.05 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists 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 vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.2 million dwt with a weighted average age of 11.11 years.