Diana Shipping (NYSE: DSX) inks new time charter for m/v Phaidra

Rhea-AI Filing Summary

Diana Shipping Inc. has secured a new time charter for its Post-Panamax dry bulk vessel m/v Phaidra with Nippon Yusen Kabushiki Kaisha at a gross rate of US$14,500 per day, minus a 5.00% commission, for a period from minimum February 20, 2027 to maximum April 20, 2027, with charter commencement expected on February 24, 2026.

The vessel is currently chartered at a lower gross rate of US$9,750 per day, minus a 5.00% commission, so this agreement locks in higher daily income. For the minimum scheduled charter period, Phaidra’s employment is anticipated to generate approximately US$5.18 million of gross revenue.

Diana Shipping’s fleet consists of 36 dry bulk vessels totaling about 4.1 million dwt of carrying capacity, with a weighted average age of 12.22 years, and the Company expects delivery of two methanol dual fuel newbuilding Kamsarmax vessels in 2027 and 2028.

Form 6-K: How Foreign Companies Report to the SEC →

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of February 2026

Commission File Number: 001-32458

DIANA SHIPPING INC.

(Translation of registrant's name into English)

Pendelis 16, 175 64 Palaio Faliro, Athens, Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [X] Form 40-F [ ]

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated February 12, 2026, of Diana Shipping Inc. (the "Company"), announcing that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra.

The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statements on Form F-3 (File Nos. 333-266999 and 333-280693) that were filed with the U.S. Securities and Exchange Commission and became effective on September 16, 2022, and September 9, 2024, respectively.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DIANA SHIPPING INC.
	(registrant)
Dated: February 12, 2026	By:	/s/ Margarita Veniou
		Margarita Veniou
		Secretary

Exhibit 99.1

Corporate Contact:

Margarita Veniou

Chief Corporate Development, Governance &

Communications Officer and Secretary

Telephone: + 30-210-9470-100

Email: mveniou@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

DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT

FOR M/V PHAIDRA WITH NYK

ATHENS, GREECE, February 12, 2026 – 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 that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha, Tokyo, for one of its Post-Panamax dry bulk vessels, the m/v Phaidra. The gross charter rate is US$14,500 per day, minus a 5.00% commission paid to third parties, for a period until minimum February 20, 2027 up to maximum April 20, 2027. The charter is expected to commence on February 24, 2026. The m/v Phaidra is currently chartered, as previously announced, at a gross charter rate of US$9,750 per day, minus a 5.00% commission paid to third parties.

The “Phaidra” is an 87,146 dwt Post-Panamax dry bulk vessel built in 2013.

The employment of “Phaidra” is anticipated to generate a total of approximately US$5.18 million of gross revenue for the minimum scheduled period of the time charter.

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 12.22 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.

FAQ

What did Diana Shipping Inc. (DSX) announce about the m/v Phaidra?

Diana Shipping Inc. announced a new time charter for its Post-Panamax vessel m/v Phaidra with Nippon Yusen Kabushiki Kaisha. The contract provides a higher daily gross charter rate and is expected to generate about US$5.18 million of gross revenue over the minimum charter period.

What is the new charter rate and term for Diana Shipping’s m/v Phaidra?

The new gross charter rate for m/v Phaidra is US$14,500 per day, minus a 5.00% commission to third parties. The charter runs from minimum February 20, 2027 up to maximum April 20, 2027, with commencement expected on February 24, 2026.

How does the new charter for m/v Phaidra compare to its current charter?

The m/v Phaidra is currently chartered at a gross rate of US$9,750 per day, minus a 5.00% commission. The new contract increases the gross daily rate to US$14,500, locking in higher revenue for the vessel over the stated charter period.

How much revenue is expected from the new Diana Shipping charter for Phaidra?

The employment of m/v Phaidra under the new time charter is anticipated to generate approximately US$5.18 million of gross revenue for the minimum scheduled charter period. This estimate reflects the agreed daily rate and minimum term described in the announcement.

What is the size and composition of Diana Shipping Inc.’s fleet?

Diana Shipping’s fleet consists of 36 dry bulk vessels, including Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax and Ultramax ships. The combined carrying capacity is about 4.1 million dwt, with a weighted average age of 12.22 years as stated in the announcement.

What future vessel deliveries does Diana Shipping Inc. (DSX) expect?

Diana Shipping expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels. One is scheduled by the second half of 2027 and the other by the first half of 2028, expanding the Company’s modern, environmentally focused fleet.

What type of shipping services does Diana Shipping Inc. provide?

Diana Shipping provides dry bulk shipping transportation services through ownership and bareboat charter-in of vessels. Its ships operate mainly on short to medium-term time charters, carrying commodities such as iron ore, coal, grain and other materials along worldwide trade routes.

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