Diana Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Kawasaki Kisen Kaisha, Ltd. for one of its Capesize dry bulk vessels, the m/v New Orleans. The gross charter rate is USD 20,000 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2025 up to maximum October 31, 2025. The charter is expected to commence on December 7, 2023.

The "New Orleans" is a 180,960 dwt Capesize dry bulk vessel built in 2015. The employment of "New Orleans" is anticipated to generate approximately USD 12.16 million of gross revenue for the minimum scheduled period of the time charter. Upon the completion of the previously announced sale of m/v Boston, Diana Shipping Inc.'s fleet will consist of 40 dry bulk vessels: 4 Newcastlemax, 9 Capesize, 5 Post-Panamax, 6 Kamsarmax, 7 Panamax and 9 Ultramax.

As of November 28, 2023, the combined carrying capacity of the Company's fleet, including the m/v Boston, is approximately 4.7 million dwt with a weighted average age of 10.65 years.