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Diana Shipping (NYSE: DSX) secures extended m/v Amphitrite charter to 2027

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(Neutral)
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(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Diana Shipping Inc. reports a direct continuation of the time charter for its 98,697 dwt Post-Panamax dry bulk vessel m/v Amphitrite with Cobelfret S.A. The vessel will earn a gross rate of US$13,000 per day for the first 30 days, then US$16,500 per day, less a 5% commission, for a period running at least until March 1, 2027 and up to April 30, 2027. The new charter is expected to start on February 8, 2026 and is anticipated to generate about US$6.15 million in gross revenue over the minimum period. Diana Shipping’s fleet consists of 36 dry bulk vessels with a combined carrying capacity of about 4.1 million dwt and a weighted average age of 12.19 years, and it expects two methanol dual fuel Kamsarmax newbuildings by 2027–2028.

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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 2, 2026, of Diana Shipping Inc. (the "Company"), announcing that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite.

The information contained in this Report on Form 6-K, excluding the commentary by Chief Executive Officer, Semiramis Paliou, 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 2, 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
 
 
 
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
DIRECT CONTINUATION OF TIME CHARTER CONTRACT
FOR M/V AMPHITRITE

ATHENS, GREECE, February 2, 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 extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the m/v Amphitrite. The gross charter rate is US$13,000 per day for the first thirty (30) days of the charter period and US$16,500 per day for the balance period of the time charter, in each case minus a 5.00% commission paid to third parties, for a period until minimum March 1, 2027 up to maximum April 30, 2027. The new charter period is expected to commence on February 8, 2026. The m/v Amphitrite is currently chartered, as previously announced, at a gross charter rate of US$12,100 per day, minus a 5.00% commission paid to third parties.

The “Amphitrite” is a 98,697 dwt Post-Panamax dry bulk vessel built in 2012.

The employment extension of “Amphitrite” is anticipated to generate approximately US$6.15 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 12.19 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 charter extension did Diana Shipping Inc. (DSX) announce for m/v Amphitrite?

Diana Shipping Inc. extended the time charter for its Post-Panamax vessel m/v Amphitrite with Cobelfret S.A. The new charter runs at least until March 1, 2027 and up to April 30, 2027, providing continued employment visibility for this ship.

What are the daily charter rates for Diana Shipping’s m/v Amphitrite under the new contract?

The m/v Amphitrite will earn US$13,000 per day for the first 30 days, then US$16,500 per day for the remaining period, in each case less a 5% commission to third parties. These rates are higher than the vessel’s current US$12,100 daily gross rate.

How much revenue is expected from the new m/v Amphitrite charter for Diana Shipping (DSX)?

The employment extension of the m/v Amphitrite is anticipated to generate approximately US$6.15 million of gross revenue for the minimum scheduled charter period. This figure reflects contracted income based on the agreed daily rates and minimum duration of the new time charter.

When does the new charter period for Diana Shipping’s m/v Amphitrite begin?

The new charter period for the m/v Amphitrite is expected to commence on February 8, 2026. From that date, the vessel will transition from its existing US$12,100 daily gross rate to the higher stepped-rate structure agreed with Cobelfret S.A. in the new contract.

What is the size and composition of Diana Shipping Inc.’s (DSX) current fleet?

Diana Shipping’s fleet consists of 36 dry bulk vessels totaling about 4.1 million deadweight tons, with a weighted average age of 12.19 years. The mix includes Newcastlemax, Capesize, Post-Panamax, Kamsarmax, Panamax and Ultramax ships serving global dry bulk trade routes.

What future fleet additions has Diana Shipping Inc. (DSX) disclosed?

Diana Shipping expects delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels. One is scheduled for the second half of 2027 and the other for the first half of 2028, enhancing the company’s fleet with more environmentally advanced tonnage when delivered.
Diana Shipping Inc

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