Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for M/V Semirio with Solebay and for M/V DSI Aquila with Western Bulk

Charter Contract Extensions - Diana Shipping Inc has extended the time charter contract for the Capesize dry bulk vessel m/v Semirio with Solebay Shipping Cape Company Limited at a gross charter rate of US$16,650 per day minus a 5% commission, effective from February 4, 2025, until a period between February 15, 2026, and April 15, 2026 [1] - The m/v Semirio is currently chartered at a gross rate of US$14,150 per day minus a 5% commission [1] - The company has also extended the time charter contract for the Ultramax dry bulk vessel m/v DSI Aquila with Western Bulk Carriers AS at a gross charter rate of US$12,250 per day minus a 5% commission, effective from January 23, 2025, for a period of 5 to 7 months [3] - The m/v DSI Aquila is currently chartered at a gross rate of US$12,500 per day minus a 5% commission [3] - The employment extensions of m/v Semirio and m/v DSI Aquila are expected to generate approximately US$7.52 million in gross revenue for the minimum scheduled period of the time charters [4] Fleet Details - The m/v Semirio is a 174,261 dwt Capesize dry bulk vessel built in 2007 [2] - The m/v DSI Aquila is a 60,309 dwt Ultramax dry bulk vessel built in 2015 [4] - Diana Shipping Inc's fleet consists of 38 dry bulk vessels, including 4 Newcastlemax, 8 Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax, and 9 Ultramax vessels [5] - The company expects to take delivery of two methanol dual-fuel Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [5] - The combined carrying capacity of the fleet, excluding the two vessels not yet delivered, is approximately 4.2 million dwt with a weighted average age of 11.29 years [5] Company Overview - Diana Shipping Inc is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels [6] - The company's vessels are primarily employed on short to medium-term time charters and transport dry bulk cargoes such as iron ore, coal, grain, and other materials along worldwide shipping routes [6]