Diana Shipping Inc.: Long-Term Time Charter Contract for mv Alcyon with Cargill

Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Panamax dry bulk carriers, the Alcyon, at a gross rate of US$34,500 per day for a minimum fifty seven (57) to a maximum sixty (60) month period.