This employment is anticipated to generate approximately US$3.91 million of gross revenue for the minimum scheduled period of the time charter.

Upon completion of the previously announced sales of one Panamax dry bulk vessel, the m/v Coronis, and one Capesize dry bulk vessel, the m/v Sideris GS, Diana Shipping Inc.’s fleet will consist of 38 dry bulk vessels (four Newcastlemax, 12 Capesize, five Post-Panamax, 5 Kamsarmax and 12 Panamax). As of today, the combined carrying capacity of the Compa-ny’s fleet, including the m/v Coronis and the m/v Sideris GS is approximately 5 million DWT with a weighted average age of 10.14 years.