Diana Shipping Inc. Announces Completion of a Joint Venture for the Acquisition of “DSI Drammen” and Her Financing With Nordea Bank and Time Charter Contract for m/v Boston With ST Shipping

ATHENS, Greece, May 02, 2023 (GLOBE NEWSWIRE) -- 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 limited partnership it signed an investment agreement for the acquisition by a Norwegian entity of a 75% partnership interest in m.v. “DSI Drammen”, while maintaining 25% of the partnership interest. The Company acquired the vessel earlier this year. The financing of the vessel was also concluded, with the drawdown of US$15.4 million from Nordea Bank Abp, filial i Norge, as a result of the term loan facility which the Company signed on March 30, 2023.

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