The “San Francisco” is a 208 006 DWT newcastlemax dry bulk vessel built in 2017.

This employment is anticipated to generate approximately US$9.12 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sales of two panamax dry bulk vessels, m/v Danae and m/v Dione, Diana Shipping Inc.’s fleet will consist of 46 dry bulk vessels (4 newcastlemax, 14 capesize, 5 post-panamax, 5 kamsarmax and 18 panamax). With this addition, the combined carrying capacity of the company’s fleet, including the m/v Danae and m/v Dione, is approximately 5.7 million DWT with a weighted average age of 9.31 years.