Diana Shipping Inc. Announces Direct Continuation of Time Charter Contract for m/v Maia with Paralos Shipping

Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Kamsarmax dry bulk vessel, the m/v Maia, with Paralos Shipping Pte. Ltd., at a gross charter rate of US$14,000 per day, effective from January 13, 2026, until a minimum of July 5, 2027, and a maximum of September 5, 2027 [1] Company Overview - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels, primarily engaged in short to medium-term time charters [4] - The company’s fleet consists of 36 dry bulk vessels, including various classes such as Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax, and Ultramax [3] - The combined carrying capacity of the fleet, excluding two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 12.13 years [3] Financial Impact - The new charter for the m/v Maia is expected to generate approximately US$7.45 million in gross revenue for the minimum scheduled period of the time charter [2] - The previous charter rate for the m/v Maia was US$11,600 per day, indicating an increase in the charter rate with the new contract [1] Future Developments - The company anticipates taking delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [3]