Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is USD 22,500, minus a 5% commission paid to third parties, for a period until minimum April 20, 2025 up to maximum July 20, 2025. The charter is expected to commence on February 5, 2024.

The ?Philadelphia? is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012. The employment of ?Philadelphia?

is anticipated to generate approximately USD 9.79 million of gross revenue for the minimum scheduled period of the time charter.