ATHENS, GREECE, July 07, 2026 – 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, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Medusa. The gross charter rate is US$16,850 per day, minus a 4.75% commission paid to third parties, for a period until minimum October 5, 2027 up to maximum December 20, 2027. The charter is expected to commence on July 10, 2026. The m/v Medusa is currently chartered, as previously announced, to Cargill International SΑ, Geneva, at a gross charter rate of US$13,000 per
day, minus a 4.75% commission paid to third parties.
The “Medusa” is an 82,194 dwt Kamsarmax dry bulk vessel built in 2010.
The employment of “Medusa” is anticipated to generate a total of approximately US$7.50
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 12.62 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.
About the Company
Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.
