DIANA SHIPPING INC. ANNOUNCES DIRECT CONTINUATION OF TIME CHARTER CONTRACT FOR M/V ATALANDI WITH STONE SHIPPING
ATHENS, GREECE, July 23, 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 extended the time charter contract with Stone Shipping Ltd, for one of
its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The gross charter rate is
US$16,500 per day, minus a 5.00% commission paid to third parties, for a period until
minimum August 1, 2027 up to maximum September 30, 2027. The new charter period is
expected to commence on August 5, 2026. The m/v Atalandi is currently chartered, as
previously announced, at a gross charter rate of US$10,100 per day, minus a 5.00%
commission paid to third parties.
The “Atalandi” is a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014.
The employment extension of “Atalandi” is anticipated to generate approximately
US$5.89 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 12.66
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.
