Diana Shipping Inc. Announces Delivery of the Post-Panamax Dry Bulk Vessel m/v Electra

Athens, Greece - May 30, 2017

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Electra (formerly “Grain May”), a 2013 built Post-Panamax dry bulk vessel of 87,150 dwt that the Company entered into an agreement to purchase in April 2017.

Including the newly delivered m/v Electra, Diana Shipping Inc.’s fleet currently consists of 51 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 23 Panamax). As of today, the combined carrying capacity of our fleet is approximately 5.9 million dwt with a weighted average age of 7.83 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 of dry bulk vessels. The Company’s vessels are employed primarily on medium to long-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.

Diana Shipping Inc. press release