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Diana Shipping Inc. Announces Signing and Drawdown of a US$55.0 Million Term Loan Facility with National Bank of Greece S.A.

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Diana Shipping Inc. (NYSE: DSX) has secured a US$55.0 million six-year term loan facility with National Bank of Greece S.A. on September 29, 2025. The loan, which matures in September 2031, is secured by five vessels and has been fully drawn down.

The company currently operates a fleet of 36 dry bulk vessels with a combined carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.85 years. Additionally, Diana Shipping expects to receive two methanol dual fuel new-building Kamsarmax vessels by 2H 2027 and 1H 2028.

Diana Shipping Inc. (NYSE: DSX) ha ottenuto un finanziamento a termine di US$55,0 milioni della durata di sei anni presso National Bank of Greece S.A. il 29 settembre 2025. Il prestito, che scade nel settembre 2031, è garantito da cinque navi ed è stato interamente erogato.

L'azienda gestisce attualmente una flotta di 36 navi da carico secco con una capacità di trasporto combinata di circa 4,1 milioni di dwt e un'età media ponderata di 11,85 anni. Inoltre, Diana Shipping prevede di ricevere due nuove navi Kamsarmax a doppio combustibile metanolo entro la seconda metà del 2027 e la prima metà del 2028.

Diana Shipping Inc. (NYSE: DSX) ha obtenido una facilidad de préstamo a plazo de US$55,0 millones a seis años con National Bank of Greece S.A. el 29 de septiembre de 2025. El préstamo, que vence en septiembre de 2031, está garantizado por cinco buques y ha sido completamente desembolsado.

La empresa opera actualmente una flota de 36 buques de graneles secos con una capacidad de transporte combinada de aproximadamente 4,1 millones de dwt y una edad media ponderada de 11,85 años. Además, Diana Shipping espera recibir dos nuevos buques Kamsarmax de combustible dual a metanol para la segunda mitad de 2027 y la primera mitad de 2028.

다이아나 쉬핑(Diana Shipping Inc.)(NYSE: DSX)은 2025년 9월 29일 National Bank of Greece S.A.와 6년 만기의 미화 5500만 달러 대출 시설을 확보했습니다. 이 대출은 2031년 9월에 만기되며 5척의 선박으로 담보되고 이미 전액 인출되었습니다.

회사는 현재 36척의 건화물선을 운용하고 있으며 총 운송능력은 약 410만 dwt이고 가중 평균 연령은 11.85년입니다. 또한 다이아나 쉬핑은 2027년 하반기와 2028년 상반기에 메탄올 이중연료를 쓰는 두 척의 새로운 Kamsarmax 선박을 받을 것으로 예상합니다.

Diana Shipping Inc. (NYSE: DSX) a obtenu le financement relais à hauteur de 55,0 millions de dollars sur six ans auprès de la National Bank of Greece S.A. le 29 septembre 2025. Le prêt, qui arrive à échéance en septembre 2031, est garanti par cinq navires et a été entièrement débloqué.

L'entreprise exploite actuellement une flotte de 36 navires de vrac sec avec une capacité totale d'environ 4,1 millions de dwt et un âge moyen pondéré de 11,85 ans. De plus, Diana Shipping prévoit de recevoir deux nouveaux navires Kamsarmax à double carburant méthanol d'ici la seconde moitié de 2027 et la première moitié de 2028.

Diana Shipping Inc. (NYSE: DSX) hat am 29. September 2025 eine US$55,0 Millionen-Finanzierung mit Festzinslaufzeit von sechs Jahren bei der National Bank of Greece S.A. gesichert. Der Kredit läuft im September 2031 fällig, ist durch fünf Schiffe besichert und wurde vollständig ausgezahlt.

Das Unternehmen betreibt derzeit eine Flotte von 36 Trockengut-Schiffen mit einer Gesamtspeicherkapazität von ca. 4,1 Mio. dwt und einem gewichteten Durchschnittsalter von 11,85 Jahren. Darüber hinaus rechnet Diana Shipping damit, zwei methanol-Dual-Fuel-Newbuilding-Kamsarmax-Schiffe bis zur zweiten Hälfte 2027 und ersten Hälfte 2028 zu erhalten.

شركة Diana Shipping Inc. (NYSE: DSX) قد حصلت في 29 سبتمبر 2025 على تمويل بنكي لمدة ست سنوات بقيمة 55.0 مليون دولار مع National Bank of Greece S.A. القرض مستحق في سبتمبر 2031، وهو مضمون بخمس سفن وتم سحب كامل المبلغ.

تشغّل الشركة حالياً أسطولاً من 36 سفينة حمول خشنة بسعة تحميل مجمعة تبلغ نحو 4.1 مليون dwt ووسط عمر وزني قدره 11.85 عاماً. بالإضافة إلى ذلك، تتوقع Diana Shipping استلام سفينتين جديدتين من طراز Kamsarmax بوقود الميثانول المزدوج خلال النصف الثاني من 2027 والنصف الأول من 2028.

Diana Shipping Inc. (NYSE: DSX) 已于2025年9月29日与 National Bank of Greece S.A. 签署了一项六年期总额为5500万美元的贷款安排。该贷款将于2031年9月到期,由五艘船舶抵押,已全部提款。

公司目前运营着一支36艘干散货船的船队,总载运量约为410万 dwt,加权平均年龄为11.85岁。此外,Diana Shipping 预计在2027年下半年和2028年上半年再各接收两艘甲醇双燃料新船,船型为Kamsarmax。

Positive
  • Secured US$55.0 million in new financing, enhancing financial flexibility
  • Fleet modernization with two methanol dual fuel vessels on order
  • Substantial fleet of 36 vessels with 4.1 million dwt capacity
Negative
  • Increased debt burden with new US$55.0 million loan
  • Aging fleet with weighted average age of 11.85 years

ATHENS, Greece, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced the successful signing of a US$55.0 million six-year secured term loan facility with National Bank of Greece S.A. on September 29, 2025. The full amount was drawn down immediately. The new loan maturing in September 2031 is secured by five vessels.

Mr. Ioannis Zafirakis, Director, Co-Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary of the Company, stated: “Through this strategic transaction, the Company reaffirms its commitment to optimizing its capital structure while enhancing its operational and investing flexibility.”

Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.85 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute part of this press release.

About the Company

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, tariff policies and other trade restrictions, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Corporate Contact:
Director, Co-Chief Financial Officer,
Chief Strategy Officer,
Treasurer and Secretary
Telephone: + 30-210-9470-100
Email: izafirakis@dianashippinginc.com
Website: www.dianashippinginc.com
X: @Dianaship

Investor Relations/Media Contact:
Nicolas Bornozis / Daniela Guerrero 
Capital Link, Inc.
230 Park Avenue, Suite 1540
New York, N.Y. 10169
Tel.: (212) 661-7566
Email: diana@capitallink.com


FAQ

What is the size and terms of Diana Shipping's (DSX) new loan facility?

Diana Shipping secured a US$55.0 million six-year term loan facility with National Bank of Greece, maturing in September 2031 and secured by five vessels.

How many vessels does Diana Shipping (DSX) currently operate?

Diana Shipping operates 36 dry bulk vessels with a total carrying capacity of approximately 4.1 million dwt and a weighted average age of 11.85 years.

What new vessels is Diana Shipping (DSX) expecting to receive?

Diana Shipping expects to receive two methanol dual fuel new-building Kamsarmax vessels by the second half of 2027 and the first half of 2028.

What is the composition of Diana Shipping's (DSX) current fleet?

The fleet consists of 4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax, and 9 Ultramax vessels.

What is the purpose of Diana Shipping's (DSX) new loan facility?

The loan facility aims to optimize the company's capital structure while enhancing its operational and investing flexibility.
Diana Shipping Inc

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