Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bunge SA, Geneva, for one of its Ultramax dry bulk vessels, the m/v DSI Andromeda. The gross charter rate is USD 13,500 per day, minus a 5% commission paid to third parties, for a period until minimum February 20, 2025 up to maximum April 20, 2025. The charter is expected to commence on November 24, 2023.

The ?DSI Andromeda? is a 60,309 dwt Ultramax dry bulk vessel built in 2016. The employment of ?DSI Andromeda?

is anticipated to generate approximately USD 6.03 million of gross revenue for the minimum scheduled period of the time charter. Upon the completion of the previously announced sale of m/v Boston, Diana Shipping Inc.?s fleet will consist of 40 dry bulk vessels: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax. As of now, the combined carrying capacity of the Company?s fleet, including the m/v Boston, is approximately 4.7 million dwt with a weighted average age of 10.63 years.