The “New Orleans” is a 180 960 DWT capesize dry bulk vessel built in 2015.

This employment is anticipated to generate approximately US$6.98 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sale of one Panamax dry bulk vessel, the 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). As of this addition, the combined carrying capacity of the company’s fleet, including the m/v Dione, is approximately 5.6 million DWT with a weighted average age of 9.29 years.