Diana Delivery Inc. Announces Management Succession NYSE:DSX

ATHENS, Greece, Feb. 22, 2021 (World NEWSWIRE) — Diana Delivery Inc. (NYSE: DSX), (the “Company”), a worldwide shipping and delivery company specializing in the ownership of dry bulk vessels, today announced that its Board of Administrators has accepted a series of senior management appointments supposed to offer for an orderly succession and to make sure the continued sound strategic management of the Corporation. The management appointments explained under will be productive as of March 1, 2021. The appointments were being built by the unanimous conclusion of the Board of Administrators.

Ms. Semiramis Paliou has been appointed Chief Executive Officer of the Corporation. Appropriately, she will no more time serve in her earlier positions as Chief Running Officer and Deputy Main Govt Officer.

Mr. Simeon Palios’ situation as Chairman of the Board of Administrators remains unchanged. He will serve in these kinds of capacity as non-government Chairman when the Chief Executive Officer purpose is assumed by Ms. Paliou. In connection with this change, the Board of Directors identified the immeasurable contributions of Mr. Palios due to the fact the founding of the Business.

Mr. Anastasios Margaronis will keep on to provide in his recent capacity as President and a Director of the Business, positions he has held because 2005.

Mr. Ioannis Zafirakis has been appointed Main Monetary Officer on a permanent foundation. He experienced served in that position on an interim basis considering the fact that February 2020. Mr. Zafirakis also will stay the Main Method Officer, Treasurer and Secretary of the Organization.

Mr. Eleftherios Papatrifon has joined the Business and has been appointed to the posture of Chief Operating Officer.

Commenting on the appointments, the Company’s Chairman, Mr. Simeon Palios, said:

“The Board of Directors has regarded the worth of furnishing an orderly and seamless succession, which will guarantee that we have the senior management in position to proceed the strategic eyesight and audio management of the Business for the potential. Ms. Semiramis Paliou has clearly shown her robust qualifications for her new job as Main Government Officer. She has a deep knowledge and knowledge of the shipping sector and our Firm. In individual, she has served admirably as Deputy Chief Government Officer due to the fact October 2019, a period of time when our Business and business confronted the unparalleled problems of the COVID-19 pandemic. I have fantastic self-confidence in the strength and continuity of the complete Diana Shipping Inc. leadership crew.”

Ms. Semiramis Paliou, incoming Chief Govt Officer, said:

“It is an honor to have been appointed by the Board of Directors to the Main Executive Officer place, and I am grateful for the rely on and self confidence that have been positioned in me. I seem forward to main the Company by means of the complicated and fast shifting shipping environment, and to protecting Diana Delivery Inc.’s placement as a leader in our sector. In accomplishing so, I highly worth and depend on the skills and assistance of our remarkable management workforce, like our Chairman, Mr. Simeon Palios, and my fellow executives Mr. Anastasios Margaronis, Mr. Ioannis Zafirakis, and Mr. Eleftherios Papatrifon, the new addition to our crew.”

About the Management Team

Ms. Semiramis Paliou has served as a Director of the Firm considering the fact that March 2015, Deputy Chief Govt Officer given that Oct 2019, and Chief Working Officer because August 2018. From November 2018 to February 2020, Ms. Paliou also served as Main Working Officer of Efficiency Delivery Inc. She has above 20 several years of experience in shipping and delivery functions, specialized administration and crewing, owning started her job at Lloyd’s Sign-up of Shipping and delivery in 1996 as a trainee ship surveyor. During her vocation, she has served as the Head of the Operations, Complex and Crew section of Diana Transport Providers S.A. and later on served as Vice President of that corporation. Ms. Paliou obtained her BSc in Mechanical Engineering from Imperial School, London, and her MSc in Naval Architecture from College University, London, and also has concluded classes in Finance for Senior Executives and Genuine Chief Development at Harvard Business University. Since March 2018, Ms. Paliou has served on the board of administrators of the Hellenic Marine Ecosystem Protection Association (HELMEPA) and in June 2020 was appointed President of the Association.

Mr. Anastasios Margaronis has served as President and a Director of Diana Shipping and delivery Inc. because February 2005. He is also Deputy President of Diana Transport Services S.A., where he serves as a Director and Secretary. He joined Diana Shipping Agencies S.A. in 1979. From January 2010 to February 2020 he also served as Director and President of Functionality Delivery Inc. Mr. Margaronis has deep expertise in the shipping and delivery market, such as ship finance and insurance policies. He is a member of the Greek Countrywide Committee of the American Bureau of Delivery and was a member of the board of administrators of the United Kingdom Mutual Steam Ship Assurance Affiliation (Europe) Constrained from Oct 2005 to October 2019. He retains a bachelor’s degree in Economics from the University of Warwick and a master’s of science degree in Maritime Legislation from the Wales Institute of Science and Technology.

Mr. Ioannis Zafirakis has served as a Director and Secretary of the Corporation due to the fact February 2005 and has held numerous government positions these kinds of as Chief Technique Officer, Main Running Officer, Executive Vice President and Vice President. In February 2020, Mr. Zafirakis was named Interim Chief Money Officer and Treasurer of Diana Transport Inc. In addition, Mr. Zafirakis is at the moment the Interim Main Financial Officer and Main Tactic Officer of Diana Transport Solutions S.A., where he also serves as Director and Treasurer. From June 1997 to February 2005, Mr. Zafirakis was utilized by Diana Shipping Businesses S.A., the place he held a number of positions in finance and accounting. From January 2010 to February 2020 he served as Director and Secretary and he held various executive positions such as Chief Running Officer and Chief Strategy Officer of Performance Delivery Inc. Mr. Zafirakis is a member of the Small business Advisory Committee of the Shipping and delivery Courses of ALBA Graduate Business University at The American University of Greece. He retains a bachelor’s diploma in Organization Research from Metropolis College Enterprise College in London and a master’s diploma in Intercontinental Transportation from the University of Wales in Cardiff.

Mr. Eleftherios Papatrifon was most a short while ago the Chief Govt Officer, Co-Founder and Director of Quintana Shipping Ltd, a service provider of dry bulk transport solutions, from 2010 until eventually the company’s prosperous sale of property and consequent liquidation in 2017. Beforehand, for a period of time of approximately six years, he served as the Main Monetary Officer and a Director of Excel Maritime Carriers Ltd. Prior to that, Mr. Papatrifon served for about 15 years in a range of corporate finance and asset administration positions, the two in the US and Greece. He retains the two a BBA and an MBA from Baruch Higher education of the City University of New York and is a member of the CFA Institute and a CFA charter holder.

About the Business

Diana Transport Inc. is a world provider of transport transportation products and services as a result of its possession of dry bulk vessels. The Company’s vessels are used principally on medium to lengthy-expression time charters and transport a vary of dry bulk cargoes, like these types of commodities as iron ore, coal, grain and other components alongside globally shipping and delivery routes.

Cautionary Statement Pertaining to Forward-Hunting Statements

Matters discussed in this push release might represent forward-on the lookout statements. The Personal Securities Litigation Reform Act of 1995 gives safe harbor protections for forward-hunting statements in purchase to encourage organizations to supply future information about their business enterprise. Ahead-looking statements involve statements relating to plans, targets, plans, approaches, potential situations or efficiency, and fundamental assumptions and other statements, which are other than statements of historic info.

The Business wishes to acquire gain of the safe and sound harbor provisions of the Non-public Securities Litigation Reform Act of 1995 and is like this cautionary assertion in connection with this safe and sound harbor legislation. The terms “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and comparable expressions recognize ahead-hunting statements.

The forward-hunting statements in this push launch are centered upon many assumptions, several of which are dependent, in change, on even more assumptions, including with no limitation, Business management’s evaluation of historical operating developments, knowledge contained in the Company’s records and other information accessible from 3rd events. Despite the fact that the Business thinks that these assumptions were acceptable when made, because these assumptions are inherently topic to significant uncertainties and contingencies that are complicated or unachievable to predict and are beyond the Company’s control, the Business can’t assure you that it will accomplish or accomplish these expectations, beliefs or projections.

In addition to these significant components, other essential components that, in the Company’s see, could induce real benefits to vary materially from all those discussed in the ahead-hunting statements incorporate the severity, magnitude and duration of the COVID-19 pandemic, together with impacts of the pandemic and of businesses’ and governments’ responses to the pandemic on our functions, staff, and on the desire for seaborne transportation of bulk products the strength of entire world economies and currencies, typical market disorders, which includes fluctuations in charter charges and vessel values, improvements in desire for dry bulk shipping and delivery ability, alterations in the Company’s running expenditures, like bunker costs, drydocking and insurance charges, the market place for the Company’s vessels, availability of funding and refinancing, variations in governmental regulations and rules or steps taken by regulatory authorities, probable legal responsibility from pending or long run litigation, common domestic and worldwide political conditions, prospective disruption of shipping and delivery routes thanks to accidents or political situations, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Trade Fee for a additional comprehensive dialogue of these and other pitfalls and uncertainties. The Corporation undertakes no obligation to revise or update any forward-on the lookout assertion, or to make any other forward-hunting statements, whether as a final result of new information, future activities or normally.

Corporate Get in touch with:
Ioannis Zafirakis
Director, Interim Main Fiscal Officer,
Chief Tactic Officer, Treasurer and Secretary
Phone: + 30-210-9470-100
Web site: www.dianashippinginc.com

Trader and Media Relations:
Edward Nebb
Comm-Counsellors, LLC
Phone: + 1-203-972-8350