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            october 22, 2019

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Diana Shipping Inc. signs contracts for the purchase of two newcastlemax dry bulk carriers


Diana Shipping Inc. today announced that it has signed, through its 100% owned subsidiaries, two shipbuilding contracts with China Shipbuilding Trading company, Limited and Shanghai Jiangnan-Changxing Shipbuilding Co., Ltd for the construction of two Newcastlemax dry bulk carriers of approximately 206,000 dwt each for a contract price of US$59 million per vessel. The company expects to take delivery of the vessels during the second and third quarters of 2012, respectively.
The company is considering obtaining pre- and/or post-delivery financing for the specific acquisitions.

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