DIANA SHIPPING Business Summary

Diana Shipping Inc. (DSX) operates a global maritime transport business specializing in the ownership and bareboat charter-in of dry bulk vessels, generating revenue primarily through staggered medium- to long-term time charters. Its diversified fleet—comprising Newcastlemax, Capesize, Post-Panamax, Kamsarmax, and Panamax carriers—transports essential commodities including iron ore, coal, and grains, as well as minor bulks like fertilizers and steel products. As of March 2026, the company maintains a disciplined chartering strategy with approximately 76% of its 2026 ownership days already secured at an average daily rate of $17,670, providing significant cash flow visibility against spot market volatility. Diana Shipping competes with major players such as Star Bulk Carriers, Golden Ocean Group, and Safe Bulkers, distinguishing itself through a conservative leverage profile and a strategic focus on industry consolidation, currently highlighted by its 14.8% stake and active acquisition proposal for Genco Shipping & Trading. Founded in 1999 by Simeon Palios, who continues to serve as Chairman, Diana Shipping is led by CEO Semiramis Paliou, an industry veteran who also chairs the Hellenic Marine Environment Protection Association (HELMEPA). The executive team underwent a significant transition on January 1, 2026, with Ioannis Zafirakis ascending to the role of President and Maria Dede being appointed Chief Financial Officer and Treasurer. Supporting the technical and operational strategy is Evangelos Sfakiotakis, the Chief Technical Investment Officer, who oversees fleet modernization efforts including the integration of methanol dual-fuel Kamsarmax vessels slated for 2027 delivery. The company’s leadership is complemented by a board of directors featuring long-standing members such as Anastasios Margaronis and Kyriacos Riris, ensuring continuity in its mission to balance operational efficiency with emerging environmental compliance standards.