Excluding the newly acquired vessel and upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Naias, Diana Shipping Inc.’s fleet will consist of 36 dry bulk vessels (four Newcastlemax, 12 Capesize, five Post-Panamax, five Kamsarmax and 10 Panamax).

As of today, the combined carrying capacity of the Company’s fleet, excluding the vessel not yet delivered and including the m/v Naias, is approximately 4.7 million DWT with a weighted average age of 10.41 years.