1、2/ANNUAL REPORT 2022 2 2 2 2 2 2 2 2 2 2 2 2 2/ANNANNNNANNANANNANNANNANANNANN NANNANNANNANNA ANNAUALUALUAUALUALUALUALUALUALUAUAUAUALAU U U UA AURERERE ERERERERE ERERE E E E E E E EPORPORPORPORORPORPORPORPORPORPORPORORPOPOPOPT 2T 2T 2T 2T 2T 2T 2 2 2 2 2T 2 2 2T 20 02202202202202022022220220220220 02
2、22 2 20 022 2 ANNUAL REPORT 2022/3Corporate Profile Diana Shipping Inc.(NYSE:DSX)is a global provider of shipping transportation services.We specialize in the ownership and bareboat charter-in of dry bulk vessels.As of May 22,2023,our fleet consists of 42 dry bulk vessels:4 Newcastlemax,10 Capesize,
3、5 Post-Panamax,6 Kamsarmax,7 Panamax and 10 Ultramax(including a partial interest through a joint venture arrangement in one Ultramax).As of the same date,the combined carrying capacity of our fleet is approximately 4.7 million dwt with a weighted average age of 10.08 years.Our fleet is managed by o
4、ur wholly-owned subsidiary Diana Shipping Services S.A.,and our established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited.Among the distinguishing strengths that we believe provide us with a competitive advantage in the dry bulk shipping industry are t
5、he following:We own and bareboat charter-in a modern,high quality fleet of dry bulk carriers.Our fleet includes groups of sister ships,providing operational and scheduling flexibility,as well as cost efficiencies.We have an experienced management team.We benefit from the experience and reputation of
6、 Diana Shipping Services S.A.and the relationship with Wilhelmsen Ship Management through the Diana Wilhelmsen Management Limited joint venture.We benefit from strong relationships with members of the shipping and financial industries.We have a strong balance sheet and a low level of indebtedness.Ou