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Athens, Greece - January 26, 2023 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 extended the time charter contract with Aquavita International S.A., for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi. The gross charter rate is US$13,250 per day, minus a 4.75% commission paid to third parties, for a period until minimum March 5, 2024 up to maximum May 5, 2024. The new charter period is expected to commence on February 15, 2023. The "Atalandi" is a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014. The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Leto. The gross charter rate is US$14,500 per day, minus a 4.75% commission paid to third parties, for a period until minimum March 1, 2024 up to maximum April 30, 2024. The charter is expected to commence by the end of January of 2023. The "Leto" is a 81,297 dwt Panamax dry bulk vessel built in 2010. The employment extension of "Atalandi" as well as the employment of "Leto" are anticipated to generate approximately US$10.68 million of gross revenue for the minimum scheduled period of the time charters. Upon the completion of the previously announced sale of m/v Aliki and the expected delivery of 1 Ultramax dry bulk vessel, Diana Shipping Inc.'s fleet will consist of 42 dry bulk vessels (4 Newcastlemax, 10 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8 Panamax and 9 Ultramax). As of today, the combined carrying capacity of the Company's fleet, excluding the 1 Ultramax dry bulk vessel not yet delivered and including the m/v Aliki, is approximately 4.9 million dwt with a weighted average age of 10.28 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. Diana Shipping Inc. press release 
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