Diana Shipping Inc.a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that the Company, through a separate wholly-owned subsidiary, took delivery of the m/v Artemis 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 months to maximum twenty-six months.

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