<SEC-DOCUMENT>0000919574-21-007236.txt : 20211123
<SEC-HEADER>0000919574-21-007236.hdr.sgml : 20211123
<ACCEPTANCE-DATETIME>20211123172954
ACCESSION NUMBER:		0000919574-21-007236
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20211130
FILED AS OF DATE:		20211123
DATE AS OF CHANGE:		20211123

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIANA SHIPPING INC.
		CENTRAL INDEX KEY:			0001318885
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32458
		FILM NUMBER:		211439926

	BUSINESS ADDRESS:	
		STREET 1:		PENDELIS 16
		STREET 2:		175 64 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
		BUSINESS PHONE:		30-210-947-0100

	MAIL ADDRESS:	
		STREET 1:		PENDELIS 16
		STREET 2:		175 64 PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>d9027619_6k.htm
<TEXT>
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    <div style="text-align: center; font-weight: bold;">FORM 6-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-weight: bold;">WASHINGTON, D.C.&#160; 20549</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16</div>
    <div style="text-align: center; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div><br>
    </div>
    <div style="text-align: center;">For the month of November 2021</div>
    <div style="text-align: center;">Commission File Number:&#160; 001-32458</div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">DIANA SHIPPING INC.</div>
    <div style="text-align: center;">(Translation of registrant's name into English)</div>
    <div style="text-align: center;">Pendelis 16, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center;">(Address of principal executive office)</div>
    <div><br>
    </div>
    <div>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
    <div><br>
    </div>
    <div>Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
    <div><br>
    </div>
    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [&#160; ].</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.</div>
    <div><br>
    </div>
    <div>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [&#160; ].</div>
    <div><br>
    </div>
    <div><font style="font-weight: bold;">Note</font>: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make
      public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as
      long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other
      Commission filing on EDGAR.</div>
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    <div style="text-align: center; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div><br>
    </div>
    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;">Attached to this Report on Form 6-K as <a href="d9027619_ex99-1.htm">Exhibit 99.1</a>
      is a press release dated November 22, 2021 of Diana Shipping Inc. (the "Company") announcing that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Pte Ltd., Singapore, for one of its
      Post-Panamax dry bulk vessels, the m/v Alcmene and Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis and one of the Panamax dry bulk vessels, the m/v Ismene.</div>
    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;">Attached to this Report on Form 6-K as <a href="d9027619_ex99-2.htm">Exhibit 99.2</a>
      is a press release dated November 23, 2021 of the Company announcing that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the
      m/v Semirio.</div>
    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt;">The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statement on Form F-3 (File No. 333-256791) that was filed
      with the U.S. Securities and Exchange Commission and became effective on July 9, 2021.</div>
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    <div style="text-align: center; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
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        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;" colspan="2">
            <div style="font-weight: bold;">DIANA SHIPPING INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;" colspan="2">
            <div style="margin-left: 21.6pt;">(registrant)</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;" colspan="2">&#160;</td>
        </tr>
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          <td style="width: 50%; vertical-align: top;" colspan="2">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">
            <div>Dated: November 23, 2021</div>
          </td>
          <td style="width: 6.09%; vertical-align: top;">
            <div>By:</div>
          </td>
          <td style="width: 43.91%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ Anastassis Margaronis</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
          <td style="width: 43.91%; vertical-align: top;">
            <div>Anastassis Margaronis</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
          <td style="width: 43.91%; vertical-align: top;">
            <div>President</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
          <td style="width: 43.91%; vertical-align: top;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
          <td style="width: 43.91%; vertical-align: top;">&#160;</td>
        </tr>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>d9027619_ex99-1.htm
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  <div style="text-align: right;"><font style="font-weight: bold;"> Exhibit 99.1</font><br>
  </div>
  <div> <br>
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        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Corporate Contact:</div>
        </td>
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        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
        </td>
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        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Director, Chief Financial Officer,</div>
        </td>
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        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Chief Strategy Officer, Treasurer and Secretary</div>
        </td>
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        <td style="width: 41.87%; vertical-align: top;">&#160;</td>
        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Telephone: + 30-210-9470-100</div>
        </td>
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        <td style="width: 41.87%; vertical-align: top;">&#160;</td>
        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>izafirakis@dianashippinginc.com</u></font></div>
        </td>
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        <td style="width: 41.87%; vertical-align: top;">&#160;</td>
        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Website: <font style="color: #0000FF;"><u>www.dianashippinginc.com</u></font></div>
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          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">For Immediate Release</div>
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        <td style="width: 58.13%; vertical-align: top;">&#160;</td>
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        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
        </td>
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          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Edward Nebb</div>
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        <td style="width: 41.87%; vertical-align: top;">&#160;</td>
        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Comm-Counsellors, LLC</div>
        </td>
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        <td style="width: 41.87%; vertical-align: top;">&#160;</td>
        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Telephone: + 1-203-972-8350</div>
        </td>
      </tr>
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        <td style="width: 41.87%; vertical-align: top;">&#160;</td>
        <td style="width: 58.13%; vertical-align: top;">
          <div style="line-height: 11.4pt; font-family: 'Times New Roman', serif;">Email: <font style="color: #0000FF;"><u>enebb@optonline.net</u></font></div>
        </td>
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  </div>
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  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACTS</div>
  <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">FOR M/V ALCMENE WITH SWISSMARINE, M/V G. P. ZAFIRAKIS AND M/V ISMENE WITH CARGILL</div>
  <div style="text-align: center; line-height: 11.4pt;"><font style="font-family: 'Times New Roman', serif; font-weight: bold;"> </font><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">ATHENS, GREECE, November 22, 2021 &#8211; Diana Shipping Inc. (NYSE: DSX), (the &#8220;Company&#8221;), 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 time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene. The gross charter
    rate is US$17,100 per day, minus a 5% commission paid to third parties, for a time charter period until minimum December 20, 2022 up to maximum March 5, 2023. The charter is expected to commence on November 24, 2021.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The &#8220;Alcmene&#8221; is a 93,193 dwt Post-Panamax dry bulk vessel built in 2010.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill
    International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v G. P. Zafirakis. The gross charter rate is US$22,750 per day, minus a 4.75% commission paid to third parties, for a period until minimum November 1, 2022 up to December 31,
    2022. The charter is expected to commence on December 3, 2021. The m/v G. P. Zafirakis is currently chartered, as previously announced, to Koch Shipping Pte. Ltd., Singapore, at a gross charter rate of US$13,200 per day, minus a 5% commission paid to
    third parties.</div>
  <div style="text-align: justify; line-height: 11.4pt;"><font style="font-family: 'Times New Roman', serif;"> </font><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The &#8220;G. P. Zafirakis&#8221; is a 179,492 dwt Capesize dry bulk vessel built in 2014.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">In addition, the Company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill
    International S.A., Geneva, for one of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$18,500 per day, minus a 4.75% commission paid to third parties, for a a time charter period until minimum December 15, 2022 up to maximum
    February 15, 2023. The charter is expected to commence tomorrow. The m/v Ismene is currently chartered, as previously announced, to Tongli Shipping Pte.&#160;Ltd., at a gross charter rate of US$16,500 per day, minus a 5% commission paid to third parties.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The &#8220;Ismene&#8221; is a 77,901 dwt Panamax dry bulk vessel built in 2013.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The employments of &#8220;Alcmene&#8221;, &#8220;G. P. Zafirakis&#8221; and &#8220;Ismene&#8221; are anticipated to generate approximately US$21.13 million of gross revenue for
    the minimum scheduled period of the time charters.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Diana Shipping Inc.&#8217;s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 10
    Panamax). The Company also expects to take delivery of one Kamsarmax dry bulk vessel by the end of February 2022. As of today, the combined carrying capacity of the Company&#8217;s fleet, excluding the one vessel not yet delivered, is approximately 4.6
    million dwt with a weighted average age of 10.68 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company&#8217;s website, www.dianashippinginc.com. Information contained on the Company&#8217;s website does not constitute a part
    of this press release.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">About the Company</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company&#8217;s vessels
    are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995
    provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies,
    future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including
    this cautionary statement in connection with this safe harbor legislation. The words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intends,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221; and similar expressions identify
    forward-looking statements.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further
    assumptions, including without limitation, Company management&#8217;s examination of historical operating trends, data contained in the Company&#8217;s records and other data available from third parties. Although the Company believes that these assumptions were
    reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company&#8217;s control, the Company cannot assure you that it will achieve
    or accomplish these expectations, beliefs or projections.</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">In addition to these important factors, other important factors that, in the Company&#8217;s view, could cause actual results to differ materially
    from those discussed in the forward-looking statements include the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses&#8217; and governments&#8217; responses to the pandemic on our operations, personnel,
    and on the demand for seaborne transportation of bulk products; the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity,
    changes in the Company&#8217;s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company&#8217;s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by
    regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of
    off-hires and other factors. Please see the Company&#8217;s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any
    forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.</div>
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  <div style="text-align: right;">Exhibit 99.2<br>
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            <div style="font-size: 12pt; font-style: italic; font-weight: bold;">Corporate Contact:</div>
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            <div style="font-size: 12pt;">Ioannis Zafirakis</div>
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            <div style="font-size: 12pt;">Director, Chief Financial Officer,</div>
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            <div style="font-size: 12pt;">Chief Strategy Officer, Treasurer and Secretary</div>
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            <div style="font-size: 12pt;">Telephone: + 30-210-9470-100</div>
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            <div style="font-size: 12pt;">Email: izafirakis@dianashippinginc.com</div>
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            <div style="font-size: 12pt;">Website: www.dianashippinginc.com</div>
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            <div style="font-size: 12pt;">For Immediate Release</div>
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            <div style="font-size: 12pt; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
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            <div style="font-size: 12pt;">Edward Nebb</div>
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            <div style="font-size: 12pt;">Comm-Counsellors, LLC</div>
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          <td style="width: 52.78%; vertical-align: top;">
            <div style="font-size: 12pt;">Telephone: + 1-203-972-8350</div>
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          <td style="width: 10.63%; vertical-align: top;">&#160;</td>
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            <div style="font-size: 12pt;">Email: enebb@optonline.net</div>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT</div>
    <div style="text-align: center;"><font style="font-size: 12pt; font-weight: bold;">FOR M/V SEMIRIO WITH C TRANSPORT</font><br>
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    <div style="text-align: justify; font-size: 12pt;">ATHENS, GREECE, November 23, 2021 &#8211; Diana Shipping Inc. (NYSE: DSX), (the &#8220;Company&#8221;), 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 time charter contract with C Transport Maritime Ltd., Bermuda, for one of its Capesize dry bulk vessels, the m/v Semirio. The gross charter rate is
      US$19,700 per day, minus a 5% commission paid to third parties, for a period until minimum August 15, 2023 up to maximum November 15, 2023. The charter is expected to commence on December 9, 2021. The m/v Semirio is currently chartered, as previously
      announced, to SwissMarine Pte Ltd., Singapore, at a gross charter rate of US$13,500 per day, minus a 5% commission paid to third parties.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">The &#8220;Semirio&#8221; is a 174,261 dwt Capesize dry bulk vessel built in 2007.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">The employment of &#8220;Semirio&#8221; is anticipated to generate approximately US$11.94 million of gross revenue for the minimum scheduled period of the time
      charter.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Diana Shipping Inc.&#8217;s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 10 Panamax). The
      Company also expects to take delivery of one Kamsarmax dry bulk vessel by the end of February 2022. As of today, the combined carrying capacity of the Company&#8217;s fleet, excluding the one vessel not yet delivered, is approximately 4.6 million dwt with
      a weighted average age of 10.69 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company&#8217;s website, www.dianashippinginc.com. Information contained on the Company&#8217;s website does not constitute a part of this press
      release.</div>
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    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">About the Company</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company&#8217;s vessels are employed
      primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe
      harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or
      performance, and underlying assumptions and other statements, which are other than statements of historical facts.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this
      cautionary statement in connection with this safe harbor legislation. The words &#8220;believe,&#8221; &#8220;anticipate,&#8221; &#8220;intends,&#8221; &#8220;estimate,&#8221; &#8220;forecast,&#8221; &#8220;project,&#8221; &#8220;plan,&#8221; &#8220;potential,&#8221; &#8220;may,&#8221; &#8220;should,&#8221; &#8220;expect,&#8221; &#8220;pending&#8221; and similar expressions identify
      forward-looking statements.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions,
      including without limitation, Company management&#8217;s examination of historical operating trends, data contained in the Company&#8217;s records and other data available from third parties. Although the Company believes that these assumptions were reasonable
      when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company&#8217;s control, the Company cannot assure you that it will achieve or
      accomplish these expectations, beliefs or projections.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">In addition to these important factors, other important factors that, in the Company&#8217;s view, could cause actual results to differ materially from those
      discussed in the forward-looking statements include the severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses&#8217; and governments&#8217; responses to the pandemic on our operations, personnel, and on
      the demand for seaborne transportation of bulk products; the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes
      in the Company&#8217;s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company&#8217;s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by
      regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessel breakdowns and instances of
      off-hires and other factors. Please see the Company&#8217;s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any
      forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.</div>
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