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Diana Shipping Inc. provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes worldwide. As of April 13, 2022, it operated a fleet of 35 dry bulk vessels, including 4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 6 Kamsarmax, and 8 Panamax. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping Inc. was incorporated in 1999 and is based in Athens, Greece.

Diana Shipping Inc.

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ATHENS, GREECE, JULY 30, 2026 (GLOBE NEWSWIRE) -- DIANA SHIPPING INC. (NYSE: DSX), (THE COMPANY OR DIANA), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP AND BAREBOAT CHARTER-IN OF DRY BULK VESSELS, TODAY REPORTED NET INCOME OF $20.8 MILLION AND NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $19.3 MILLION FOR THE SECOND QUARTER OF 2026. THIS COMPARES TO NET INCOME OF $4.5 MILLION AND NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS OF $3.1 MILLION FOR THE SECOND QUARTER OF 2025. EARNINGS PER SHARE FOR THE SECOND QUARTER OF 2026 WERE $0.17 BASIC AND $0.16 DILUTED, COMPARED TO $0.03 BASIC AND DILUTED IN THE SAME QUARTER OF 2025.

DIANA SHIPPING INC. REPORTS FINANCIAL RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2026; AND DECLARES CASH DIVIDEND OF $0.01 PER COMMON SHARE FOR THE SECOND QUARTER 2026

VESSELSVALUE DATA SHOWS THAT FLEET VALUES ARE SUBJECT TO MEANINGFUL FLUCTUATION AND DO NOT UNIFORMLY SUPPORT GENCO'S CLAIMS

DIANA SHIPPING INC. HIGHLIGHTS DECLINE IN GENCO SHIPPING & TRADING FLEET VALUES AND URGES BOARD TO ACT BEFORE FURTHER VALUE IS ERODED

ATHENS, GREECE, JULY 27, 2026 (GLOBE NEWSWIRE) -- 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 CLASSIC MARITIME INC., FOR ONE OF ITS NEWCASTLEMAX DRY BULK VESSELS, THE M/V PHILADELPHIA. THE GROSS CHARTER RATE IS US$35,500 PER DAY, MINUS A 5.00% COMMISSION PAID TO THIRD PARTIES, FOR A PERIOD UNTIL MINIMUM MARCH 10, 2027 UP TO MAXIMUM MAY 10, 2027. THE CHARTER IS EXPECTED TO COMMENCE ON AUGUST 8, 2026. THE M/V PHILADELPHIA IS CURRENTLY CHARTERED, AS PREVIOUSLY ANNOUNCED, TO REFINED SUCCESS LIMITED, AT A GROSS CHARTER RATE OF US$21,500 PER DAY, MINUS A 5.00% COMMISSION PAID TO THIRD PARTIES.

DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V PHILADELPHIA WITH CLASSIC MARITIME

OFFER OF $27.34 PER SHARE, COMPRISED OF $24.80 IN CASH AND ONE DIANA SHARE, REMAINS ON THE TABLE GENCO'S CHARACTERIZATION OF ADVISOR ENGAGEMENT TO DISCUSS THE PRICE, TERMS AND STRUCTURE OF DIANA'S PROPOSAL IS FALSE MORE THAN FIVE WEEKS AFTER DIANA'S MOST RECENT OFFER, THE GENCO BOARD CONTINUES TO USE STALL TACTICS TO AVOID REAL ENGAGEMENT DIANA TERMINATES TENDER OFFER TO ELIMINATE GENCO'S LATEST EXCUSE FOR FAILING TO ENGAGE SUBSTANTIVELY ATHENS, GREECE, JULY 27, 2026 (GLOBE NEWSWIRE) -- DIANA SHIPPING INC. (NYSE: DSX) (DIANA OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP AND BAREBOAT CHARTER-IN OF DRY BULK VESSELS THAT IS THE LARGEST SHAREHOLDER OF GENCO SHIPPING & TRADING LIMITED (NYSE: GNK) (GENCO), TODAY RESPONDED TO GENCO'S FALSE AND MISLEADING JULY 23 NEWS RELEASE, WHICH CLAIMED THAT GENCO'S ADVISORS HAD "ENGAGED WITH DIANA'S ADVISORS ON MULTIPLE OCCASIONS IN RECENT WEEKS TO DISCUSS THE PRICE, TERMS AND STRUCTURE OF DIANA'S PROPOSAL." DIANA ALSO ANNOUNCED THAT ITS TENDER OFFER TO ACQUIRE ALL OUTSTANDING SHARES OF GENCO NOT ALREADY OWNED BY DIANA EXPIRED ON JULY 24, 2026, AT 5:00 P.M.

DIANA SHIPPING INC. URGES GENCO SHIPPING & TRADING TO STOP MISLEADING INVESTORS AND ENGAGE IN GOOD FAITH NEGOTIATIONS

ATHENS, GREECE, JULY 23, 2026 (GLOBE NEWSWIRE) -- 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 STONE SHIPPING LTD, FOR ONE OF ITS ICE CLASS PANAMAX DRY BULK VESSELS, THE M/V ATALANDI. THE GROSS CHARTER RATE IS US$16,500 PER DAY, MINUS A 5.00% COMMISSION PAID TO THIRD PARTIES, FOR A PERIOD UNTIL MINIMUM AUGUST 1, 2027 UP TO MAXIMUM SEPTEMBER 30, 2027. THE NEW CHARTER PERIOD IS EXPECTED TO COMMENCE ON AUGUST 5, 2026. THE M/V ATALANDI IS CURRENTLY CHARTERED, AS PREVIOUSLY ANNOUNCED, AT A GROSS CHARTER RATE OF US$10,100 PER DAY, MINUS A 5.00% COMMISSION PAID TO THIRD PARTIES.

DIANA SHIPPING INC. ANNOUNCES DIRECT CONTINUATION OF TIME CHARTER CONTRACT FOR M/V ATALANDI WITH STONE SHIPPING

ATHENS, GREECE, JULY 20, 2026 (GLOBE NEWSWIRE) -- 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 FEDNAV INTERNATIONAL LTD., FOR ONE OF ITS ULTRAMAX DRY BULK VESSELS, THE M/V DSI PEGASUS.

DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V DSI PEGASUS WITH FEDNAV INTERNATIONAL

ATHENS, GREECE, JULY 14, 2026 (GLOBE NEWSWIRE) -- 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 ITS FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2026 ARE SCHEDULED TO BE RELEASED BEFORE THE OPENING OF THE U.S. FINANCIAL MARKETS ON THURSDAY, JULY 30, 2026.

DIANA SHIPPING INC. ANNOUNCES THE DATE FOR THE 2026 SECOND QUARTER FINANCIAL RESULTS, CONFERENCE CALL AND WEBCAST

11.1 MILLION, OR 29.7% OF OUTSTANDING SHARES NOT OWNED BY DIANA, TENDERED INTO OFFER AS OF JULY 10 LATEST DIRECT PROPOSAL OF $27.34 PER SHARE, COMPRISED OF $24.80 IN CASH AND ONE DIANA SHARE, REMAINS ON THE TABLE ATHENS, GREECE, JULY 13, 2026 (GLOBE NEWSWIRE) -- DIANA SHIPPING INC. (NYSE: DSX) (DIANA OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP AND BAREBOAT CHARTER-IN OF DRY BULK VESSELS THAT IS THE LARGEST SHAREHOLDER OF GENCO SHIPPING & TRADING LIMITED (NYSE: GNK) (GENCO), TODAY ANNOUNCED THAT ITS TENDER OFFER TO ACQUIRE ALL OUTSTANDING SHARES OF GENCO NOT ALREADY OWNED BY DIANA HAS BEEN EXTENDED TO JULY 24, 2026, AT 5:00 P.M., NEW YORK CITY TIME.

DIANA SHIPPING INC. ANNOUNCES EXTENSION OF TENDER OFFER FOR ALL OUTSTANDING SHARES OF GENCO SHIPPING & TRADING

THE ANSWER: BECAUSE THE GENCO BOARD CAN'T TAKE THE HEAT THAT COMES WITH SHAREHOLDERS EXPRESSING THEIR VIEWS GENCO BOARD HAS RESORTED TO ARGUING PETTY TECHNICALITIES INSTEAD OF ENGAGING WITH DIANA KEEPS MAKING HOLLOW CLAIM THAT SHAREHOLDERS WILL ONLY RECEIVE $24.80 PER SHARE IF THEY TENDER  THE TRUTH IS THAT GENCO SHAREHOLDERS WILL RECEIVE NOTHING BECAUSE THE GENCO BOARD CONTINUES TO MAINTAIN ITS POISON PILL AND REFUSES TO NEGOTIATE A VALUE CREATING TRANSACTION DIANA'S TENDER OFFER PROVIDES SHAREHOLDERS WITH A GOLDEN OPPORTUNITY TO DELIVER A CLEAR MESSAGE TO THE GENCO BOARD THAT THEY SHOULD STOP STALLING AND START NEGOTIATING BASED ON DIANA'S LATEST PROPOSAL: $27.34 PER SHARE, COMPRISED OF $24.80 IN CASH AND ONE DIANA SHARE ATHENS, GREECE, JULY 08, 2026 (GLOBE NEWSWIRE) -- DIANA SHIPPING INC. (NYSE: DSX) (DIANA OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP AND BAREBOAT CHARTER-IN OF DRY BULK VESSELS THAT IS THE LARGEST SHAREHOLDER OF GENCO SHIPPING & TRADING LIMITED (NYSE: GNK) (GENCO), TODAY ASKED GENCO SHAREHOLDERS TO CONSIDER A VERY SIMPLE QUESTION: WHY IS GENCO SO AFRAID OF DIANA'S TENDER OFFER? THE ANSWER IS VERY SIMPLE: THE GENCO BOARD OF DIRECTORS (THE GENCO BOARD) KNOWS VERY WELL THAT AS MORE SHARES ARE TENDERED, THE GENCO BOARD RUNS OUT OF EXCUSES AND BECOMES SUBJECT TO MORE PRESSURE TO NEGOTIATE A TRANSACTION BASED ON DIANA'S INCREASED PROPOSAL TO ACQUIRE THE OUTSTANDING SHARES OF GENCO THAT IT DOES NOT ALREADY OWN FOR $27.34 PER SHARE  COMPRISED OF $24.80 PER SHARE IN CASH PLUS ONE DIANA SHARE.

DIANA SHIPPING INC. ASKS: WHY IS GENCO SO AFRAID OF DIANA'S TENDER OFFER?

10,583,484 SHARES, OR 28.4% OF OUTSTANDING SHARES NOT OWNED BY DIANA, TENDERED INTO OFFER AS OF JUNE 26, 2026 DIANA'S $27.34 PER SHARE OFFER MADE DIRECTLY TO GENCO BOARD  COMPRISED OF $24.80 IN CASH AND ONE DIANA SHARE VALUED AT $2.54 REMAINS ON THE TABLE, PROVIDING AN OPPORTUNITY TO DELIVER PREMIUM VALUE FOR ALL GENCO SHAREHOLDERS NEARLY THREE WEEKS AFTER RECEIVING DIANA'S OFFER, GENCO BOARD HAS YET TO RESPOND; BY TENDERING THEIR SHARES, SHAREHOLDERS CAN SEND A CLEAR MESSAGE TO THE GENCO BOARD THAT THEY SHOULD NEGOTIATE A TRANSACTION WITH DIANA ATHENS, GREECE, JULY 08, 2026 (GLOBE NEWSWIRE) -- DIANA SHIPPING INC. (NYSE: DSX) (DIANA OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP AND BAREBOAT CHARTER-IN OF DRY BULK VESSELS THAT IS THE LARGEST SHAREHOLDER OF GENCO SHIPPING & TRADING LIMITED (NYSE: GNK) (GENCO), TODAY ISSUED A FINAL REMINDER TO GENCO SHAREHOLDERS TO TENDER THEIR SHARES INTO DIANA'S TENDER OFFER TO ACQUIRE ALL OUTSTANDING SHARES OF GENCO NOT ALREADY OWNED BY DIANA BY JULY 10, 2026, AT 5:00 P.M., NEW YORK CITY TIME.

DIANA SHIPPING INC. URGES GENCO SHIPPING & TRADING SHAREHOLDERS TO TENDER THEIR SHARES BY FRIDAY, JULY 10

ATHENS, GREECE, JULY 07, 2026 (GLOBE NEWSWIRE) -- 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 AQUAVITA INTERNATIONAL S.A., FOR ONE OF ITS KAMSARMAX DRY BULK VESSELS, THE M/V MEDUSA. THE GROSS CHARTER RATE IS US$16,850 PER DAY, MINUS A 4.75% COMMISSION PAID TO THIRD PARTIES, FOR A PERIOD UNTIL MINIMUM OCTOBER 5, 2027 UP TO MAXIMUM DECEMBER 20, 2027. THE CHARTER IS EXPECTED TO COMMENCE ON JULY 10, 2026. THE M/V MEDUSA IS CURRENTLY CHARTERED, AS PREVIOUSLY ANNOUNCED, TO CARGILL INTERNATIONAL S, GENEVA, AT A GROSS CHARTER RATE OF US$13,000 PER DAY, MINUS A 4.75% COMMISSION PAID TO THIRD PARTIES.

DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V MEDUSA WITH AQUAVITA

FULLY UNDERWRITTEN COMMITMENT ARRANGED BY DNB CARNEGIE AND NORDEA, WITH PARTICIPATION FROM LEADING INTERNATIONAL BANKS $27.34 PER SHARE OFFER MADE TO GENCO BOARD  COMPRISED OF $24.80 IN CASH AND ONE DIANA SHARE VALUED AT $2.54 1  REMAINS ON THE TABLE, PROVIDING AN OPPORTUNITY TO DELIVER PREMIUM VALUE FOR GENCO SHAREHOLDERS FINANCING EXTENSION, COMBINED WITH SHAREHOLDER TENDER SUPPORT, REFLECTS GROWING MOMENTUM BEHIND DIANA'S PROPOSAL AND ITS UNWAVERING COMMITMENT TO NEGOTIATING A TRANSACTION WITH GENCO ATHENS, GREECE, JUNE 30, 2026 (GLOBE NEWSWIRE) -- DIANA SHIPPING INC. (NYSE: DSX) (DIANA OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP AND BAREBOAT CHARTER-IN OF DRY BULK VESSELS THAT IS THE LARGEST SHAREHOLDER OF GENCO SHIPPING & TRADING LIMITED (NYSE: GNK) (GENCO), TODAY ANNOUNCED AN EXTENSION OF THE FULLY COMMITTED FINANCING SUPPORTING DIANA'S OFFER TO ACQUIRE THE OUTSTANDING SHARES OF GENCO NOT ALREADY OWNED BY DIANA. THE EXTENSION IS A FURTHER DEMONSTRATION OF DIANA'S COMMITMENT TO COMPLETING A TRANSACTION AND OF ITS BANKING PARTNERS' CONFIDENCE IN THE STRENGTH AND CREDIBILITY OF DIANA'S PROPOSAL.

DIANA SHIPPING INC. ANNOUNCES EXTENSION OF FINANCING TO SUPPORT ACQUISITION OF ALL OUTSTANDING SHARES OF GENCO SHIPPING & TRADING

10.6 MILLION, OR 28.4% OF OUTSTANDING SHARES NOT OWNED BY DIANA, TENDERED INTO OFFER AS OF JUNE 26 $27.34 PER SHARE OFFER MADE TO GENCO BOARD  COMPRISED OF $24.80 IN CASH AND ONE DIANA SHARE VALUED AT $2.54 1  REMAINS ON THE TABLE, PROVIDING AN OPPORTUNITY TO DELIVER PREMIUM VALUE FOR GENCO SHAREHOLDERS SIGNIFICANT SHOW OF SUPPORT FOR DIANA'S TENDER OFFER SENDS CLEAR MESSAGE THAT GENCO AND DIANA SHOULD NEGOTIATE A TRANSACTION ATHENS, GREECE, JUNE 29, 2026 (GLOBE NEWSWIRE) -- DIANA SHIPPING INC. (NYSE: DSX) (DIANA OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP AND BAREBOAT CHARTER-IN OF DRY BULK VESSELS THAT IS THE LARGEST SHAREHOLDER OF GENCO SHIPPING & TRADING LIMITED (NYSE: GNK) (GENCO), TODAY ANNOUNCED THAT ITS TENDER OFFER TO ACQUIRE ALL OUTSTANDING SHARES OF GENCO NOT ALREADY OWNED BY DIANA HAS BEEN EXTENDED TO JULY 10, 2026, AT 5:00 P.M., NEW YORK CITY TIME.

ATHENS, GREECE, JUNE 24, 2026 (GLOBE NEWSWIRE) -- 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 PARALOS SHIPPING PTE. LTD. FOR ONE OF ITS PANAMAX DRY BULK VESSELS, THE M/V ISMENE. THE GROSS CHARTER RATE IS US$15,750 PER DAY, MINUS A 5.00% COMMISSION PAID TO THIRD PARTIES, FOR A PERIOD UNTIL MINIMUM MAY 15, 2027, UP TO MAXIMUM JULY 15, 2027. THE CHARTER IS EXPECTED TO COMMENCE ON JULY 05, 2026. THE M/V ISMENE IS CURRENTLY CHARTERED, AS PREVIOUSLY ANNOUNCED, TO CRC SHIPPING PTE. LTD., AT A GROSS CHARTER RATE OF US$11,000 PER DAY, MINUS A 5.00% COMMISSION PAID TO THIRD PARTIES.

DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V ISMENE WITH PARALOS SHIPPING

DIANA SHARES VALUED AT $2.54 PER SHARE BASED ON DIANA'S VOLUME-WEIGHTED AVERAGE PRICE FOR THE 30 DAYS ENDED ON JUNE 16, 2026

DIANA SHIPPING INC. RAISES OFFER TO ACQUIRE GENCO SHIPPING & TRADING TO $27.34 PER SHARE COMPRISED OF $24.80 IN CASH AND ONE DIANA SHARE

RAISES SERIOUS QUESTIONS ABOUT GOVERNANCE CHANGES DESIGNED TO BENEFIT AND PROTECT JOHN WOBENSMITH FOLLOWING HIS APPOINTMENT AS CHAIRMAN

DIANA SHIPPING INC. REMINDS GENCO SHIPPING & TRADING SHAREHOLDERS TO CAST THEIR VOTE FOR INDEPENDENT, FRESH PERSPECTIVES IN THE BOARDROOM AHEAD OF ANNUAL MEETING ON JUNE 18

AMID GROWING OPPOSITION FROM SHAREHOLDERS, GENCO BOARD CONTINUES TO FURTHER ENTRENCH ITSELF BY REFUSING TO RESCIND THE POISON PILL SHOULD SHAREHOLDERS VOTE AGAINST THE POISON PILL AS RECOMMENDED BY ISS

DIANA SHIPPING INC. ADDRESSES GENCO SHIPPING & TRADING'S LAST-DITCH ATTEMPT TO CLING TO POISON PILL

SHAREHOLDERS HAVE A CRITICAL OPPORTUNITY TO SEND A STRONG MESSAGE TO GENCO'S ENTRENCHED BOARD SIGNIFICANT INVESTOR SUPPORT EMERGING TO DEFEAT PROPOSALS TO RATIFY GENCO'S POISON PILL AND EQUITY INCENTIVE PLAN  BOTH OF WHICH ISS HAS RECOMMENDED SHAREHOLDERS VOTE AGAINST DIANA URGES GENCO SHAREHOLDERS TO VOTE THE GOLD UNIVERSAL PROXY CARD "FOR" JENS ISMAR AND PAUL CORNELL, WHO WILL BRING FRESH PERSPECTIVES TO THE GENCO BOARD, "WITHHOLD" ON BASIL G. MAVROLEON AND ARTHUR L.

DIANA SHIPPING INC. URGES GENCO SHIPPING & TRADING SHAREHOLDERS TO VOTE FOR JENS ISMAR AND PAUL CORNELL TO THE BOARD, AND VOTE AGAINST GENCO'S POISON PILL AND EQUITY INCENTIVE PLAN AHEAD OF ANNUAL MEETING ON JUNE 18

ISS RECOMMENDATION CITES ENTRENCHMENT CONCERNS WHILE DIANA'S $24.80 PER SHARE ALL-CASH OFFER IS ON THE TABLE GLASS LEWIS RECOGNIZES DIANA AS A "SERIOUS AND COMMITTED BIDDER" AND HIGHLIGHTS RISKS THAT THE RIGHTS PLAN MAY LIMIT SHAREHOLDERS' ABILITY TO EVALUATE ANY CURRENT OFFER GENCO BOARD RESISTS EVEN LIMITED, CONSTRUCTIVE BOARD REFRESH WITH TWO INDEPENDENT NOMINEES DIANA URGES GENCO SHAREHOLDERS TO VOTE THE GOLD UNIVERSAL PROXY CARD "FOR" JENS ISMAR AND PAUL CORNELL, "WITHHOLD" ON BASIL G. MAVROLEON AND ARTHUR L.

DIANA SHIPPING INC. ALERTS GENCO SHAREHOLDERS OF INSTITUTIONAL SHAREHOLDER SERVICES' RECOMMENDATION TO VOTE AGAINST GENCO SHIPPING & TRADING'S POISON PILL

DECISION TO WITHDRAW FOUR NOMINEES REFLECTS DIANA'S COMMITMENT TO PROVIDING SHAREHOLDERS AN OPPORTUNITY TO AFFECT MEANINGFUL CHANGE ON THE GENCO BOARD ISMAR AND CORNELL BRING A FRESH PERSPECTIVE TO THE GENCO BOARD WITH DECADES OF PROVEN EXPERIENCE AS SEASONED DRYBULK EXECUTIVES AND BOARD MEMBERS CALLS ON GENCO SHAREHOLDERS TO VOTE THE GOLD UNIVERSAL PROXY CARD "FOR" JENS ISMAR AND PAUL CORNELL AND "WITHHOLD" ON GENCO NOMINEES BASIL G. MAVROLEON AND ARTHUR L.

DIANA SHIPPING INC. FOCUSES PROXY CONTEST ON ELECTION OF JENS ISMAR AND PAUL CORNELL TO GENCO SHIPPING & TRADING BOARD

DIANA HAS CONSISTENTLY OFFERED APPROXIMATELY 1.0X NAV BASED ON THE SAME BROKER VALUATION SOURCE GENCO ITSELF USED FOR FIVE YEARS GENCO HAS NOW MOVED THE GOALPOSTS BY ADOPTING A NEW METHODOLOGY IT HAS NEVER PREVIOUSLY USED TO FURTHER ENTRENCH ITSELF AND AVOID ENGAGEMENT GENCO'S DEMAND FOR A CONTROL PREMIUM ON TOP OF INFLATED NAV ESTIMATES IS INCONSISTENT WITH HOW PUBLICLY TRADED SHIPPING COMPANIES ARE TRADING AND HOW COMPARABLE TRANSACTIONS HAVE BEEN PRICED DIANA CALLS ON GENCO TO AGREE TO AN INDEPENDENT VALUATION PROCESS, REMOVE ITS POISON PILL AND ALLOW GENCO SHAREHOLDERS TO DECIDE FOR THEMSELVES WHETHER TO ACCEPT THE OFFER ATHENS, GREECE, JUNE 04, 2026 (GLOBE NEWSWIRE) -- DIANA SHIPPING INC. (NYSE: DSX) (DIANA OR THE COMPANY), A GLOBAL SHIPPING COMPANY SPECIALIZING IN THE OWNERSHIP AND BAREBOAT CHARTER-IN OF DRY BULK VESSELS THAT IS THE LARGEST SHAREHOLDER OF GENCO SHIPPING & TRADING LIMITED (NYSE: GNK) (GENCO), TODAY ADDRESSED GENCO'S CONTINUED USE OF SHIFTING VALUATION STANDARDS AS A PRETEXT FOR AVOIDING ENGAGEMENT WITH DIANA'S FULLY FINANCED, ALL-CASH OFFER OF $24.80 PER SHARE. DIANA HAS CONSISTENTLY OFFERED TO ACQUIRE GENCO AT APPROXIMATELY 1.0X ITS NAV, CALCULATED BASED ON THE SAME VESSELSVALUE BROKER VALUATIONS GENCO ITSELF USED FOR MORE THAN FIVE YEARS, INCLUDING FOR PURPOSES OF CALCULATING THE MARKET VALUE OF GENCO'S FLEET IN ITS Q4 2025 EARNINGS PRESENTATION PUBLISHED IN FEBRUARY 2026, WHICH IS STILL AVAILABLE ON GENCO'S WEBSITE.

Diana Shipping Inc.

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