Lars Moen Eide

- Diana Shipping Inc. announced the **successful signing and immediate drawdown** of a **US$55.0 million six-year secured term loan facility** with National Bank of Greece S.A. on **September 29, 2025**.  **[1318885_0000919574-25-005921_d12010845_6k.htm:0]** **[1318885_0000919574-25-005921_d12010845_ex99-1.htm:0]** 
- The new loan matures in **September 2031** and is **secured by five vessels**.  **[1318885_0000919574-25-005921_d12010845_ex99-1.htm:0]** 
- The company's management stated this transaction aims to **optimize its capital structure** and enhance **operational and investing flexibility**.  **[1318885_0000919574-25-005921_d12010845_ex99-1.htm:0]** 
- As of October 1, 2025, Diana Shipping Inc.'s fleet comprises **36 dry bulk vessels** with a combined carrying capacity of approximately **4.1 million dwt** and a weighted average age of **11.85 years**, with **two additional methanol dual fuel new-building Kamsarmax dry bulk vessels expected by the first half of 2028**.  **[1318885_0000919574-25-005921_d12010845_ex99-1.htm:0]**

Diana Shipping Inc. Announces US$55.0 Million Term Loan Facility

- **Diana Shipping Inc.** announced the sale of the **2016-built Ultramax dry bulk vessel m/v DSI Drammen**.  **[1318885_0000919574-25-005770_d11992526_ex99-1.htm:0]** 
- The vessel is being sold to an **unaffiliated third party** for approximately **US$26.86 million** before commissions.  **[1318885_0000919574-25-005770_d11992526_ex99-1.htm:0]** 
- Delivery to the buyer is expected by **October 31, 2025**.  **[1318885_0000919574-25-005770_d11992526_ex99-1.htm:0]** 
- The company holds a **25% interest** in the limited partnership that owns the vessel.  **[1318885_0000919574-25-005770_d11992526_ex99-1.htm:0]**

Diana Shipping Inc. Announces Sale of Ultramax Dry Bulk Vessel

- For the six months ended **June 30, 2025**, **time charter revenues** decreased **4%** to **$109.6 million** from **$113.6 million** in the prior year, while **net cash provided by operating activities** fell **48%** to **$25.8 million** compared to **$49.2 million** in the prior year period.  **[1318885_0001562762-25-000232_dsx-20250630.htm:5]** **[1318885_0001562762-25-000232_dsx-20250630.htm:8]** **[1318885_0001562762-25-000232_dsx-20250630.htm:9]** **[1318885_0001562762-25-000232_dsx-20250630.htm:11]** 
- As of **June 30, 2025**, **working capital** was **$103.9 million** and **cash and cash equivalents** (including restricted cash) totaled **$83.6 million**, both showing a decrease from December 31, 2024.  **[1318885_0001562762-25-000232_dsx-20250630.htm:7]** **[1318885_0001562762-25-000232_dsx-20250630.htm:9]** 
- During the first half of 2025, Diana Shipping Inc. allocated **$23.0 million** to **repurchase common stock** and repaid **$28.4 million** of long-term debt and finance liabilities.  **[1318885_0001562762-25-000232_dsx-20250630.htm:8]** **[1318885_0001562762-25-000232_dsx-20250630.htm:11]** 
- The company is expanding its fleet with new investments, including a joint venture formed on **March 12, 2025**, to build two LPG vessels with an agreed contribution of **$18.464 million**, and two Kamsarmax dry bulk vessels under construction for delivery in 2027 and 2028.  **[1318885_0001562762-25-000232_dsx-20250630.htm:14]** **[1318885_0001562762-25-000232_dsx-20250630.htm:15]** 
- The company recognized a **gain on sale of vessels** of **$1.5 million** for the vessel Alcmene delivered on **March 13, 2025**, and expects a gain of approximately **$2.0 million** from the sale of vessel Selina, delivered on **July 15, 2025**.  **[1318885_0001562762-25-000232_dsx-20250630.htm:6]** **[1318885_0001562762-25-000232_dsx-20250630.htm:16]** **[1318885_0001562762-25-000232_dsx-20250630.htm:24]**

DIANA SHIPPING (DSX)