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 Classic Maritime Inc., for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia. The gross charter rate is US$35,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum March 10, 2027 up to maximum May 10, 2027. The charter is expected to commence on August 8, 2026. The m/v Philadelphia is currently chartered, as previously announced, to Refined Success Limited, at a gross charter rate of US$21,500 per day, minus a 5.00% commission paid to third parties.

The "Philadelphia" is a 206,040 dwt Newcastlemax dry bulk vessel built in 2012.

The employment of "Philadelphia" is anticipated to generate a total of approximately US$7.46 million of gross revenue for the minimum scheduled period of the time charter.

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