Diana Shipping Inc. Announces Time Charter Contract for m/v Santa Barbara With Mitsui O.S.K. Lines

ATHENS, Greece, Dec. 18, 2024 (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 separate wholly-owned subsidiary, it has entered into a time charter contract with Mitsui O.S.K. Lines, Ltd., for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$22,000 per day, minus a 5.00% commission paid to third parties, for a period until minimum October 20, 2025 up to maximum December 20, 2025. The charter is expected to commence on December 28, 2024. The m/v Santa Barbara was chartered, as previously announced, to Smart Gain Shipping Co., Limited, at a gross charter rate of US$21,250 per day, minus a 5.00% commission paid to third parties.

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