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Another Capesize vessel for Diana Shipping

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Dry Bulk,

Through a separate wholly-owned subsidiary, Diana Shipping Inc, a global shipping company specialising in the ownership of dry bulk vessels, has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Aliki. The gross charter rate is US$18 000/day, minus a 5% commission paid to third parties, for a period of minimum 20 months to maximum 22 months. The charter is expected to commence on 4 April 2018. The m/v Aliki is currently chartered, as previously announced, at a gross charter rate of US$10 300/day, minus a 5% commission paid to third parties.

The Aliki was built in 2005 and is a 180 235 DWT Capesize dry bulk vessel.

This addition is anticipated to generate approximately US$10.8 million of gross revenue for the minimum scheduled period of the time charter.

Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 22 Panamax). With this addition, the combined carrying capacity of the Diana Shipping’s fleet is approximately 5.8 million DWT with a weighted average age of 8.59 yr.

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