Diana Shipping Inc. Announces Time Charter Contract for m/v DSI Altair with Bunge

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 Bunge SA, Geneva, for one of its Ultramax dry bulk vessels, the m/v DSI Altair. The gross charter rate is US$14,750 per day, minus a 5.00% commission paid to third parties, for a period until minimum January 15, 2027 up to maximum March 30, 2027. The charter is expected to commence on January 17, 2026.

The “DSI Altair” is a 60,309 dwt Ultramax dry bulk vessel built in 2016.

The employment of “DSI Altair” is anticipated to generate a total of approximately US$5.30 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 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 4.1 million dwt, with a weighted average age of 12.14 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute part of this press release.