DIANA SHIPPING INC.

**Diana Shipping Inc.** operates as an international dry bulk shipping company, providing ocean freight transportation services for commodities including iron ore, coal, grain, and other dry bulk materials across global shipping routes. The company generates revenue primarily through time-charter and voyage-charter arrangements, whereby it contracts its vessels to transport cargo for third-party customers.

The company's fleet consists of 37 dry bulk vessels spanning multiple size categories that accommodate different cargo types and port infrastructure. Its vessel portfolio includes Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Ultramax, and Panamax-class ships, each suited to specific cargo volumes and route requirements. The company also engages in bareboat charter-in arrangements, leasing vessels from other operators to supplement its owned fleet capacity.

Headquartered in Athens, Greece, Diana Shipping Inc. was incorporated in 1999 and operates a geographically dispersed business model typical of international shipping, serving customers across multiple continents. The company maintains a market capitalization of approximately $0.3 billion and operates within the broader deep-sea foreign freight transportation sector.