ATHENS, Greece, March 23, 2022 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a sale and leaseback agreement with an unaffiliated Japanese third party for the 2022 new-building Capesize dry bulk vessel, m/v Florida. Upon completion, which is estimated to take place by March 29, 2022, the Company’s gross proceeds in connection with the sale and leaseback transaction will be US$50.0 million. As part of the agreement, the Company will bareboat charter-in the vessel for a period of ten years and have purchase options beginning at the end of the third year of the agreement.