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Athens, Greece - June 16, 2022 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, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Speed Logistics Marine Limited, for one of its Panamax dry bulk vessels, the m/v Selina. The gross charter rate is US$22,000 per day, minus a 5% commission paid to third parties, for a period until minimum April 15, 2023 up to maximum June 20, 2023. The charter is expected to commence tomorrow. The “Selina” is a 75,700 dwt Panamax dry bulk vessel built in 2010. The employment of “Selina” is anticipated to generate approximately US$6.56 million of gross revenue for the minimum scheduled period of the time charter. Upon completion of the previously announced sale of one Capesize dry bulk vessel, the m/v Baltimore, Diana Shipping Inc.’s owned and bareboat chartered-in fleet will consist of 34 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax and 8 Panamax). As of today, the combined carrying capacity of our fleet, including the m/v Baltimore, is approximately 4.5 million dwt with a weighted average age of 10.38 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. 
The 75,700 dwt Panamax, 2010-built dry bulk carrier "Selina". Image by Diana Shipping Inc. Diana Shipping Inc. press release 
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