<SEC-DOCUMENT>0000919574-21-007277.txt : 20211130
<SEC-HEADER>0000919574-21-007277.hdr.sgml : 20211130
<ACCEPTANCE-DATETIME>20211130160516
ACCESSION NUMBER:		0000919574-21-007277
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211130
FILED AS OF DATE:		20211130
DATE AS OF CHANGE:		20211130

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:		211459743

	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>d9072076_6k.htm
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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>
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    <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>
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    <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>
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    <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="margin-top: 12pt; margin-bottom: 12pt;">Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated November 30, 2021 of Diana Shipping Inc. (the "Company") announcing that it has completed the spin-off of its wholly-owned
      subsidiary, OceanPal Inc., effective November 29, 2021.</div>
    <div style="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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          <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>
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          <td style="width: 50%; vertical-align: top;" colspan="2">&#160;</td>
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            <div>Dated: November 30, 2021</div>
          </td>
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            <div>By:</div>
          </td>
          <td style="width: 43.91%; vertical-align: top;">
            <div><u>/s/ Anastassis Margaronis</u></div>
          </td>
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          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
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            <div>Anastassis Margaronis</div>
          </td>
        </tr>
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          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
          <td style="width: 43.91%; vertical-align: top;">
            <div>President</div>
          </td>
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    <div style="text-align: right; font-weight: bold;">Exhibit 99.1</div>
    <div><br>
    </div>
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            <div style="text-align: justify; font-size: 12pt;">&#160;</div>
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            <div style="text-align: justify; font-size: 11pt; font-style: italic; font-weight: bold;">Corporate Contact:</div>
            <font style="font-size: 11pt;"> </font>
            <div style="text-align: justify; font-size: 11pt;">Ioannis Zafirakis</div>
            <font style="font-size: 11pt;"> </font>
            <div style="text-align: justify; font-size: 11pt;">Director, Chief Financial Officer,</div>
            <font style="font-size: 11pt;"> </font>
            <div style="text-align: justify; font-size: 11pt;">Chief Strategy Officer, Treasurer and Secretary</div>
            <font style="font-size: 11pt;"> </font>
            <div style="text-align: justify; font-size: 11pt;">Telephone: + 30-210-9470-100</div>
            <font style="font-size: 11pt;"> </font>
            <div style="text-align: justify; font-size: 11pt;">Email: izafirakis@dianashippinginc.com</div>
            <font style="font-size: 11pt;"> </font>
            <div style="text-align: justify; font-size: 11pt;">Website: www.dianashippinginc.com</div>
          </td>
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            <div style="text-align: justify; font-size: 12pt;">&#160;</div>
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            <div style="text-align: justify; font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 62.62%; vertical-align: top;">
            <div style="text-align: justify; font-size: 11pt; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
            <font style="font-size: 11pt;"> </font>
            <div style="text-align: justify; font-size: 11pt;">Edward Nebb</div>
            <font style="font-size: 11pt;"> </font>
            <div style="text-align: justify; font-size: 11pt;">Comm-Counsellors, LLC</div>
            <font style="font-size: 11pt;"> </font>
            <div style="text-align: justify; font-size: 11pt;">Telephone: + 1-203-972-8350</div>
            <font style="font-size: 11pt;"> </font>
            <div style="text-align: justify; font-size: 11pt;">Email: enebb@optonline.net</div>
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    <div style="text-align: center; margin-right: 72pt; margin-left: 72pt; font-size: 11pt; font-weight: bold;">DIANA SHIPPING INC. ANNOUNCES COMPLETION OF OCEANPAL INC. SPIN-OFF</div>
    <font style="font-size: 11pt;"> </font>
    <div><font style="font-size: 11pt;"><br>
      </font> </div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 11pt;">ATHENS, GREECE, November 30, 2021 - Diana Shipping Inc. (NYSE: DSX) (the &#8220;Company&#8221;), a global shipping company specializing in the ownership of dry bulk vessels, today announced
      that it has completed the spin-off of its wholly-owned subsidiary, OceanPal Inc., effective November 29, 2021. The Company&#8217;s shareholders received one OceanPal Inc. share for every 10 shares of Diana Shipping Inc. held on the record date of November
      3, 2021. To the extent the distribution would have resulted in any shareholder owning a fractional share of OceanPal Inc., such fractional share was rounded up to the next whole number of shares.</div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 11pt;">Additional information about OceanPal Inc. and the spin-off transaction can be found in the OceanPal Inc. registration statement filed pursuant to the Securities Exchange Act of
      1934 on Form 20-F, which is available at www.sec.gov.</div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 11pt;">This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale of any
      security in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to consummation of the spin-off transaction.</div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 11pt; font-weight: bold;">About the Company</div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 11pt;">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>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 11pt; font-weight: bold;">Forward Looking Statements</div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 11pt;">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.</div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 11pt;">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>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 11pt;">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>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; margin-bottom: 12pt; font-size: 11pt;">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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