<SEC-DOCUMENT>0000919574-22-001671.txt : 20220216
<SEC-HEADER>0000919574-22-001671.hdr.sgml : 20220216
<ACCEPTANCE-DATETIME>20220216092512
ACCESSION NUMBER:		0000919574-22-001671
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220228
FILED AS OF DATE:		20220216
DATE AS OF CHANGE:		20220216

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:		22641682

	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>d9375305_6k.htm
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
    <div><br>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">WASHINGTON, D.C.&#160; 20549</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif;">For the month of February 2022</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Commission File Number:&#160; 001-32458</div>
    <div><br>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">(Translation of registrant's name into English)</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Pendelis 16, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">(Address of principal executive office)</div>
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    <div style="font-family: 'Times New Roman', serif;">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 style="font-family: 'Times New Roman', serif;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
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    <div style="font-family: 'Times New Roman', serif;">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 style="font-family: 'Times New Roman', serif;"><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>
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    <div style="font-family: 'Times New Roman', serif;">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 style="font-family: 'Times New Roman', serif;"><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-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div><br>
    </div>
    <div style="margin-top: 12pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif;">Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated February 16, 2022 of Diana Shipping Inc. (the "Company") announcing that, through
      separate wholly-owned subsidiaries, it has taken delivery of the m/v Leonidas P. C., a 2011 built Kamsarmax dry bulk vessel, and has entered into a time charter contract with Solebay Shipping Cape Company Limited, Hong Kong, for one of its Capesize
      dry bulk vessels, the m/v Seattle.</div>
    <div style="margin-top: 12pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">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
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
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    <div style="font-family: 'Times New Roman', serif;">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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            <div style="font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
          </td>
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            <div style="margin-left: 21.6pt; font-family: 'Times New Roman', serif;">(registrant)</div>
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            <div style="font-family: 'Times New Roman', serif;">Dated: February 16, 2022</div>
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            <div style="font-family: 'Times New Roman', serif;">By:</div>
          </td>
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            <div style="font-family: 'Times New Roman', serif;"><u>/s/ Anastassis Margaronis</u></div>
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          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman', serif;">Anastassis Margaronis</div>
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            <div style="font-family: 'Times New Roman', serif;">President</div>
          </td>
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    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 99.1</div>
    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
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    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt; font-style: italic; font-weight: bold;">Corporate Contact:</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Ioannis Zafirakis</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Director, Chief Financial Officer,</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Chief Strategy Officer, Treasurer and Secretary</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Telephone: + 30-210-9470-100</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Email: izafirakis@dianashippinginc.com</div>
            </td>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Website: www.dianashippinginc.com</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Twitter: @Dianaship</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Edward Nebb</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Comm-Counsellors, LLC</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Telephone: + 1-203-972-8350</div>
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              <div style="font-family: 'Times New Roman',serif; font-size: 11pt;">Email: <font style="color: #0000FF;">enebb@optonline.net</font></div>
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    <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">DIANA SHIPPING INC. ANNOUNCES DELIVERY OF THE KAMSARMAX DRY BULK VESSEL M/V LEONIDAS P. C. AND</div>
    <font style="font-size: 11pt;"> </font>
    <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">TIME CHARTER CONTRACT FOR M/V SEATTLE WITH SOLEBAY</div>
    <font style="font-size: 11pt;"> </font>
    <div><font style="font-size: 11pt;"><br>
      </font> </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-family: 'Times New Roman',serif; font-size: 11pt;">ATHENS, GREECE, February 16, 2022 &#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 taken delivery of the m/v Leonidas P. C. (formerly &#8220;Magnolia&#8221;), a 2011 built Kamsarmax dry bulk vessel of 82,165 dwt that the Company entered into an agreement to
      purchase in July 2021.</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-family: 'Times New Roman',serif; font-size: 11pt;">As previously announced, the m/v Leonidas P. C. is time chartered to Cargill International S.A., Geneva, at a gross charter rate of US$24,500 per day,
      minus a 4.75% commission paid to third parties, for a period until minimum March 1, 2023 up to maximum April 30, 2023. The charter is expected to commence on February 18, 2022.</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-family: 'Times New Roman',serif; font-size: 11pt;">The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Solebay Shipping Cape
      Company Limited, Hong Kong, for one of its Capesize dry bulk vessels, the m/v Seattle. The gross charter rate is US$26,500 per day, minus a 5% commission paid to third parties, for a period until minimum October 1, 2023 up to maximum December 15,
      2023. The charter is expected to commence on February 23, 2022. The m/v Seattle is currently chartered, as previously announced, to Pacbulk Shipping Pte. Ltd., Singapore, at a gross charter rate of US$12,300 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-family: 'Times New Roman',serif; font-size: 11pt;">The &#8220;Seattle&#8221; is a 179,362 dwt Capesize dry bulk vessel built in 2011.</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-family: 'Times New Roman',serif; font-size: 11pt;">The employments of &#8220;Leonidas P. C.&#8221; and &#8220;Seattle&#8221; are anticipated to generate approximately US$24.41 million of gross revenue for the minimum scheduled
      period of the time charters.</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-family: 'Times New Roman',serif; font-size: 11pt;">Including the newly delivered m/v Leonidas P. C., Diana Shipping Inc.&#8217;s fleet currently consists of 34 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5
      Post-Panamax, 6 Kamsarmax and 8 Panamax). The Company also expects to take delivery of one new-building Capesize dry bulk vessel by the end of the first quarter of 2022. As of today, the combined carrying capacity of our fleet, excluding the one
      vessel not yet delivered, is approximately 4.4 million dwt with a weighted average age of 10.48 years.<font style="color: rgb(255, 255, 255);">. </font>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>
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    <div style="text-align: justify; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">About the Company</div>
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    <div style="text-align: justify; font-family: 'Times New Roman',serif; 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 short to medium-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>
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    <div style="text-align: justify; font-family: 'Times New Roman',serif; font-size: 11pt; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
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    <div style="text-align: justify; font-family: 'Times New Roman',serif; 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>
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    <div style="text-align: justify; font-family: 'Times New Roman',serif; 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>
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    <div style="text-align: justify; font-family: 'Times New Roman',serif; 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>
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    <div style="text-align: justify; font-family: 'Times New Roman',serif; 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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