ATHENS, GREECE ,January 26, 2023 -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 withAquavita International S.A. , for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The gross charter rate isUS$13,250 per day, minus a 4.75% commission paid to third parties, for a period until minimumMarch 5, 2024 up to maximumMay 5, 2024 . The new charter period is expected to commence onFebruary 15, 2023 . The "Atalandi" is a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014. The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract withCargill International S.A. ,Geneva , for one of itsPanamax dry bulk vessels, the m/v Leto. The gross charter rate isUS$14,500 per day, minus a 4.75% commission paid to third parties, for a period until minimumMarch 1, 2024 up to maximumApril 30, 2024 . The charter is expected to commence by the end of January of 2023. The "Leto" is a 81,297 dwtPanamax dry bulk vessel built in 2010. The employment extension of "Atalandi" as well as the employment of "Leto" are anticipated to generate approximatelyUS$10.68 million of gross revenue for the minimum scheduled period of the time charters. Upon the completion of the previously announced sale of m/v Aliki and the expected delivery of 1 Ultramax dry bulk vessel,Diana Shipping Inc.'s fleet will consist of 42 dry bulk vessels (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8Panamax and 9 Ultramax). As of today, the combined carrying capacity of the Company's fleet, excluding the 1 Ultramax dry bulk vessel not yet delivered and including the m/v Aliki, is approximately 4.9 million dwt with a weighted average age of 10.28 years. A table describing the currentDiana Shipping Inc. fleet can be found on the Company's website, www.dianashippinginc.com. Information contained on the Company's website does not constitute a part of this press release...
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