Dianaship Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Louis Dreyfus Company Freight Asia Pte. Ltd., for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia. The gross charter rate is USD 13,900, minus a 5% commission paid to third parties, for a period of minimum twenty-one months to maximum twenty-five months.

The charter is expected to commence during the second quarter of 2024. The "Crystalia" is a 77,525 dwt Ice Class Panamax Dry bulk vessel built in 2014. The employment of "Crystalia" is anticipated to generate approximately USD 8.76 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sales of m/v Houston and m/v Artemis, Diana Shipping Inc.'s fleet will consist 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. The combined carrying capacity of the Company's fleet including the m/v Houston and m-v Artemis and excluding the two vessels not yet delivered, is approximately 4.5 million dwt with a weighted average age of 10.69 years.