DIANA SHIPPING INC.

DIANA SHIPPING INC. specializes in the ownership and bareboat charter-in of dry bulk vessels, operating as a single business segment. Each vessel is owned through a separate wholly-owned subsidiary. As of the date of this report, the company's fleet consisted of 38 vessels, with 36 in operation, owned and chartered-in, possessing a combined carrying capacity of 4.1 million dead weight tons (dwt) and a weighted average age of 12.3 years. Additionally, two Kamsarmax vessels are under construction, with expected deliveries in 2027 and 2028. As of December 31, 2025, the fleet comprised 36 dry bulk carriers, owned and chartered-in, including nine Ultramax, five Panamax, six Kamsarmax, four Post-Panamax, eight Capesize, and four Newcastlemax vessels. This fleet had a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 12.1 years. On December 31, 2024, the fleet consisted of 38 dry bulk carriers, owned and chartered-in, with nine Ultramax, six Panamax, six Kamsarmax, five Post-Panamax, eight Capesize, and four Newcastlemax vessels, totaling approximately 4.2 million dwt and a weighted average age of 11.3 years. As of December 31, 2023, the fleet had 40 dry bulk carriers, including nine Ultramax, seven Panamax, six Kamsarmax, five Post-Panamax, nine Capesize, and four Newcastlemax vessels, with a combined carrying capacity of approximately 4.5 million dwt and a weighted average age of 10.5 years. Fleet utilization was 99.7% in 2025, 2024, and 2023. Daily time charter equivalent rates for vessels were $15,454 in 2025, $15,267 in 2024, and $16,713 in 2023. Revenues generated were $213.5 million in 2025, $228.2 million in 2024, and $262.1 million in 2023. The company operates its vessels worldwide.