ATHENS, Greece, May 21, 2021 (GLOBE NEWSWIRE) – Diana Shipping Inc. (NYSE: DSX), (the “Company”), an international shipping company specializing in the ownership of dry bulk vessels, today announced that the Company The meeting of shareholders (the “Meeting”) was duly held on May 20, 2021, in a virtual format only via the Internet, in accordance with a notice of annual meeting of shareholders dated April 9, 2021. Broadridge Financial Solutions , Inc. acted as the meeting inspector.

At the meeting, each of the following proposals, which are set out in more detail in the notice of the annual meeting of shareholders and the proxy statement of the company addressed to shareholders on or about April 9, 2021 date, was approved and adopted:

(1) The election of Simeon Palios, Anastasios Margaronis and Ioannis Zafirakis as category I directors of the Company, to serve until the 2024 annual meeting of shareholders of the Company;

(2) The appointment of Ernst & Young (Hellas) Certified Auditors Accountants SA as independent auditors of the Company for the financial year ended December 31, 2021; and

(3) Amending the amended and restated articles of incorporation of the corporation to effect a stock split of the issued common shares of the corporation, at a ratio of at least one to two and not more than one to ten, and authorize the board of directors to implement the reverse stock split by filing an amendment to the amended and restated articles of association of the company with the Registrar of Companies of the Republic of the Marshall Islands.

About the company

Diana Shipping Inc. is a global provider of shipping services through its ownership of dry bulk vessels. The company’s vessels are primarily used for medium to long term charters and carry a range of dry bulk cargoes, including cargo such as iron ore, coal, grain and other materials along the coast. global shipping routes.

Caution regarding forward-looking statements

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

The Company wishes to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and includes this caveat in connection with this “safe harbor” legislation. The words “believe”, “anticipate”, “intends”, “estimate”, “foresee”, “plan”, “plan”, “potential”, “can”, “should”, “expect” , “Pending” and similar expressions identify forward-looking statements.

The forward-looking statements contained in this press release are based on various assumptions, many of which, in turn, are based on other assumptions, including, without limitation, the company’s management review of trends. operating history, data contained in company records and other available data. of third parties. Although the Company believes these assumptions were reasonable when made, since these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, the Company does not can assure you that it will meet or achieve these expectations. , beliefs or projections.

In addition to these important factors, other important factors which, in the opinion of the Company, could cause actual results to differ materially from those discussed in forward-looking statements include the severity, extent and duration of the COVID-19 pandemic, including the impacts of the pandemic and the responses of businesses and governments to the pandemic on our operations, personnel and the demand for the shipping of bulk commodities; strength of global economies and currencies, general market conditions including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in expenses operation of the Company, including bunker prices, dry docks and insurance costs, the Company’s Vessels market, availability of financing and refinancing, changes in government rules and regulations or actions taken by regulatory authorities, potential liability for ongoing or future litigation, general national and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and non-hires and other factors. Please see the Company’s filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company assumes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statement, whether as a result of new information, future events or otherwise.

CONTACT: Corporate Contact: Ioannis Zafirakis Director, Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary Telephone: + 30-210-9470-100 Email: [email protected] Website: www.dianashippinginc.com Investor and Media Relations: Edward Nebb Comm-Counsellors, LLC Telephone: + 1-203-972-8350 Email: [email protected]