ATHENS, Greece, March 09, 2021 (GLOBE NEWSWIRE) – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that its wholly owned subsidiary, Diana Shipping Services SA (“DSS”), has signed an agreement with the American Bureau of Shipping (“ABS”) to implement the digital ABS Environmental Monitor ™ sustainability solution on 31 of the vessels of the company managed by DSS.

ABS Environmental Monitor ™ is a cloud-based application that allows shipowners and ship managers to monitor and track overall fleet or vessel environmental data in categories such as emissions, waste and consumables. The data analysis and reporting features of this app have been designed to support more sustainable vessel operations, while helping shipowners improve their environmental performance.

“As a prudent fleet owner and participant in the global shipping industry, Diana Shipping Inc. is committed to good stewardship of our environment. We are delighted to benefit from the cooperation and resources of ABS and DSS as we pursue the goal of a more sustainable future, ”said Semiramis Paliou, CEO of Diana Shipping Inc.

About Diana Shipping Inc.

Diana Shipping Inc. is a global provider of shipping services through its ownership of dry bulk vessels. The Company’s vessels are primarily employed on medium and 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

The matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe havens 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 such safe harbor legislation. The words “believe”, “anticipate”, “intend”, “estimate”, “foresee”, “project”, “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 data available from third parties. While the Company believes these assumptions were reasonable when made, as these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of the Company, the Company can not assure you that it will meet or fulfill 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 the 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, our personnel and on 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 of Company operations, including bunker prices, dry dock 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-employment cases and other factors. Please refer to the documents filed by the Company 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.