Diana Shipping Extends Time Charter With Nippon Yusen Kabushiki Kaisha For One Of Its Kamsarmax Dry Bulk Vessels, The M/V Myrto; Gross Charter Rate Is $16,650/Day, Anticipated To Generate ~$8.71M Of Gross Revenue For The Minimum Scheduled Period Of The Time Charter; To Commence April 7

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 Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Kamsarmax dry bulk vessels, the m/v Myrto. The gross charter rate is US$16,650 per day, minus a 5.00% commission paid to third parties, for a period until minimum September 20, 2027 up to maximum November 20, 2027. The new charter period is expected to commence on April 7, 2026. The m/v Myrto is currently chartered, as previously announced, at a gross charter rate of US$12,000 per day, minus a 5.00% commission paid to third parties.

The employment extension of "Myrto" is anticipated to generate approximately US$8.71 million of gross revenue for the minimum scheduled period of the time charter.