1、2/ANNUAL REPORT 2021 ANNUAL REPORT 2021/3Corporate 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 23,2022 our fleet consists of 35 dry bulk vessels(4 Newcastlemax,12 Ca
2、pesize,5 Post-Panamax,6 Kamsarmax and 8 Panamax).As of the same date,the combined carrying capacity of our fleet is approximately 4.5 million dwt with a weighted average age of 10.32 years.Our fleet is managed by our wholly-owned subsidiary Diana Shipping Services S.A.,and our established 50/50 join
3、t 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 the following:We own and bareboat charter-in a modern,high quality fleet of dry bulk ca
4、rriers.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 Diana Shipping Services S.A.and the relationship with Wilhelmsen Ship Management thro
5、ugh 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.Our main objective is to manage and expand our fleet in a manner that will enable us to
6、enhance shareholder value.To accomplish this objective,we intend to pursue highly focused business strategies,including:maintaining a high quality fleet;strategically expanding the size of our fleet;pursuing an appropriate balance of short-term and long-term time charters;maintaining a strong balanc