<SEC-DOCUMENT>0000919574-21-007338.txt : 20211207
<SEC-HEADER>0000919574-21-007338.hdr.sgml : 20211207
<ACCEPTANCE-DATETIME>20211207093756
ACCESSION NUMBER:		0000919574-21-007338
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20211207
DATE AS OF CHANGE:		20211207

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:		211474871

	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>d9082160_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>
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    <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 December 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>
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    <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>
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    <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 December 7, 2021 of Diana Shipping Inc. (the "Company") announcing that, through a separate wholly-owned subsidiary, it has
      entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Newport News.</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>
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    <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 colspan="2" style="width: 50%; vertical-align: top;">
            <div style="font-weight: bold;">DIANA SHIPPING INC.</div>
          </td>
        </tr>
        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="width: 50%; vertical-align: top;">
            <div style="margin-left: 21.6pt;">(registrant)</div>
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            <div>Dated: December 7, 2021</div>
          </td>
          <td style="width: 6.09%; vertical-align: top;">
            <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>
          <td style="width: 43.91%; vertical-align: top;">
            <div>Anastassis Margaronis</div>
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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="font-size: 11pt; font-style: italic; font-weight: bold;">Corporate Contact:</div>
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              <div style="font-size: 11pt;">Ioannis Zafirakis</div>
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            <td style="width: 15.65%; vertical-align: top;">&#160;</td>
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              <div style="font-size: 11pt;">Director, Chief Financial Officer,</div>
            </td>
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            <td style="width: 6.1%; vertical-align: top;">&#160;</td>
            <td style="width: 15.65%; vertical-align: top;">&#160;</td>
            <td style="width: 15.65%; vertical-align: top;">&#160;</td>
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              <div style="font-size: 11pt;">Chief Strategy Officer, Treasurer and Secretary</div>
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              <div style="font-size: 11pt;">Telephone: + 30-210-9470-100</div>
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              <div style="font-size: 11pt;">Email: <u>izafirakis@dianashippinginc.com</u></div>
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              <div style="font-size: 11pt;">Website: <u>www.dianashippinginc.com</u></div>
            </td>
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              <div style="font-size: 11pt;">Twitter: @Dianaship</div>
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            <td colspan="4" style="width: 62.6%; vertical-align: top;">
              <div style="font-size: 11pt; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
            </td>
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              <div style="font-size: 11pt;">Edward Nebb</div>
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              <div style="font-size: 11pt;">Comm-Counsellors, LLC</div>
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            <td style="width: 15.65%; vertical-align: top;">&#160;</td>
            <td colspan="4" style="width: 62.6%; vertical-align: top;">
              <div style="font-size: 11pt;">Telephone: + 1-203-972-8350</div>
            </td>
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            <td style="width: 15.65%; vertical-align: top;">&#160;</td>
            <td style="width: 15.65%; vertical-align: top;">&#160;</td>
            <td colspan="4" style="width: 62.6%; vertical-align: top;">
              <div style="font-size: 11pt;">Email: <u>enebb@optonline.net</u></div>
            </td>
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    </div>
    <div style="text-align: center; font-size: 11pt; font-weight: bold;">DIANA SHIPPING INC. ANNOUNCES DIRECT CONTINUATION OF TIME CHARTER CONTRACT FOR M/V NEWPORT NEWS WITH KOCH</div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: center;"><font style="font-size: 11pt;"><br>
      </font><font style="font-size: 11pt;"><br>
      </font> </div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; font-size: 11pt;">ATHENS, GREECE, December 7, 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 Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Newport News. The gross charter rate is US$28,000 per day, minus a 5%
      commission paid to third parties, for a period until minimum July 1, 2023 up to maximum September 30, 2023. The new charter period is expected to commence on December 16, 2021. The m/v Newport News is currently chartered, as previously announced, at
      a gross charter rate of US$18,400 per day, minus a 5% commission paid to third parties.</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; font-size: 11pt;">The &#8220;Newport News&#8221; is a 208,021 dwt Newcastlemax dry bulk vessel built in 2017.</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; font-size: 11pt;">The employment of &#8220;Newport News&#8221; is anticipated to generate approximately US$15.57 million of gross revenue for the minimum scheduled period of the time charter.</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; font-size: 11pt;">Diana Shipping Inc.&#8217;s fleet currently consists of 33 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 5 Kamsarmax and 8 Panamax). The Company also expects to take delivery of one
      Kamsarmax dry bulk vessel and one new-building Capesize dry bulk vessel by the end of February 2022 and by the end of the first quarter of 2022, respectively. As of today, the combined carrying capacity of the Company&#8217;s fleet, excluding the two
      vessels not yet delivered, is approximately 4.3 million dwt with a weighted average age of 10.28 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>
    <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; font-size: 11pt; font-weight: bold;">About the Company</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; 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><font style="font-size: 11pt;"><br>
      </font> </div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; font-size: 11pt; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</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; 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, which are other than statements of historical facts.</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; 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><font style="font-size: 11pt;"><br>
      </font> </div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; 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><font style="font-size: 11pt;"><br>
      </font> </div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: justify; 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>
    <div style="margin-bottom: 12pt;"><br>
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