Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that the Company, through a separate wholly-owned subsidiary, took delivery of the m/v “Artemis” (formerly “Shoyo”), a 2006 built Panamax dry bulk carrier of 76,942 dwt that the Company entered into an agreement to purchase in May 2013. As previously announced, the m/v “Artemis” is time chartered to Rio Tinto Shipping Pty Ltd., Melbourne, Australia, at a gross charter rate of US$9,375 per day, minus a 3.75% commission paid to third parties, for a period of minimum twenty-two (22) months to maximum twenty-six (26) months. The charter commenced today.

This employment is anticipated to generate approximately US$6.2 million of gross revenue for the minimum scheduled period of the charter.