ATHENS, GREECE, January 23, 2024 - 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 it has signed, through a
separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an
unaffiliated third party, the 2006-built vessel "Artemis", with delivery to the
buyer latest by March 8, 2024, for a sale price of US$12.99 million before
commissions.

Upon completion of the aforementioned sale, Diana Shipping Inc.'s fleet will
consist of 39 dry bulk vessels (4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6
Kamsarmax, 6 Panamax and 9 Ultramax). As of today, the combined carrying
capacity of the Company's fleet, including the m/v Artemis, is approximately 4.5
million dwt with a weighted average age of 10.59 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 a 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.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbor protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions and
other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 and is including this
cautionary statement in connection with this safe harbor legislation. The words
"believe," "anticipate," "intends," "estimate," "forecast," "project," "plan,"
"potential," "may," "should," "expect," "pending" and similar expressions
identify forward-looking statements.

The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, Company management's examination of historical
operating trends, data contained in the Company's records and other data
available from third parties. Although the Company believes that these
assumptions were reasonable when made, because these assumptions are inherently
subject to significant uncertainties and contingencies that are difficult or
impossible to predict and are beyond the Company's control, the Company cannot
assure you that it will achieve or accomplish these expectations, beliefs or
projections.

In addition to these important factors, other important factors that, in the
Company's view, could cause actual results to differ materially from those
discussed in the forward-looking statements include the continuing impacts of
the COVID-19 pandemic; the strength of world economies and currencies, general
market conditions, including fluctuations in charter rates and vessel values,
changes in demand for dry bulk shipping capacity, changes in the Company's
operating expenses, including bunker prices, drydocking and insurance costs, the
market for the Company's vessels, availability of financing and refinancing,
changes in governmental rules and regulations or actions taken by regulatory
authorities, potential liability from pending or future litigation, general
domestic and international political conditions, including risks associated with
the continuing conflict between Russia and Ukraine and related sanctions,
potential disruption of shipping routes due to accidents or political events,
including the escalation of the conflict in the Middle East, vessel breakdowns
and instances of off-hires and other factors. Please see the Company's filings
with the U.S. Securities and Exchange Commission for a more complete discussion
of these and other risks and uncertainties. The Company undertakes no obligation
to revise or update any forward-looking statement, or to make any other
forward-looking statements, whether as a result of new information, future
events or otherwise.

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