<SEC-DOCUMENT>0000919574-22-002375.txt : 20220323
<SEC-HEADER>0000919574-22-002375.hdr.sgml : 20220323
<ACCEPTANCE-DATETIME>20220323172411
ACCESSION NUMBER:		0000919574-22-002375
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220331
FILED AS OF DATE:		20220323
DATE AS OF CHANGE:		20220323

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:		22763950

	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>d9434287_6-k.htm
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  <div><br>
    <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 March 2022</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>
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    </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 Exhibit 99.1 is a press release dated March 23, 2022 of Diana Shipping Inc. (the "Company") announcing that, through a separate wholly-owned
      subsidiary, it has entered into a sale and leaseback agreement with an unaffiliated Japanese third party for the 2022 new-building Capesize dry bulk vessel, m/v Florida.</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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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z988761f5614d4843998b81936b1c5097">

        <tr>
          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="font-weight: bold;">DIANA SHIPPING INC.</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">
            <div style="margin-left: 21.6pt;">(registrant)</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="vertical-align: top;">&#160;</td>
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            <div>Dated: March 23, 2022</div>
          </td>
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            <div>By:</div>
          </td>
          <td style="width: 43.91%; vertical-align: top; border-bottom: 2px solid black;">
            <div>/s/ Anastassis Margaronis</div>
          </td>
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          <td style="width: 3%; 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: 3%; vertical-align: top;">&#160;</td>
          <td style="width: 43.91%; vertical-align: top;">
            <div>President</div>
          </td>
        </tr>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 3%; vertical-align: top;">&#160;</td>
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          <td style="width: 43.91%; vertical-align: top;">&#160;</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: 12pt; font-style: italic; font-weight: bold;">Corporate Contact:</div>
            <div style="font-size: 12pt;">Ioannis Zafirakis</div>
            <div style="font-size: 12pt;">Director, Chief Financial Officer,</div>
            <div style="font-size: 12pt;">Chief Strategy Officer, Treasurer and Secretary</div>
            <div style="font-size: 12pt;">Telephone: + 30-210-9470-100</div>
            <div style="font-size: 12pt;">Email: izafirakis@dianashippinginc.com</div>
            <div style="font-size: 12pt;">Website: www.dianashippinginc.com</div>
            <div style="font-size: 12pt;">Twitter: @Dianaship</div>
            <div>&#160;</div>
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            <div style="font-size: 12pt;">For Immediate Release</div>
          </td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-size: 12pt; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
            <div style="font-size: 12pt;">Edward Nebb</div>
            <div style="font-size: 12pt;">Comm-Counsellors, LLC</div>
            <div style="font-size: 12pt;">Telephone: + 1-203-972-8350</div>
            <div style="font-size: 12pt;">Email: enebb@optonline.net</div>
            <div>&#160;</div>
          </td>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">DIANA SHIPPING INC. ANNOUNCES SALE AND LEASEBACK</div>
    <div style="text-align: center;"><font style="font-weight: bold;"><font style="font-size: 12pt;">OF M/V FLORIDA</font><br>
      </font><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">ATHENS, GREECE, March 23, 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 entered into a sale and leaseback agreement with an unaffiliated Japanese third party for the 2022 new-building Capesize dry bulk vessel, m/v Florida. Upon completion, which is estimated to take place by March 29,
      2022, the Company&#8217;s gross proceeds in connection with the sale and leaseback transaction will be US$50.0 million. As part of the agreement, the Company will bareboat charter-in the vessel for a period of ten years and have purchase options beginning
      at the end of the third year of the agreement.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">As previously announced on December 3, 2021, the m/v Florida is a 2022 Japanese new-building Capesize dry bulk vessel of approximately 181,500 dwt that the Company entered into an agreement to purchase
      in December 2021. The vessel is now expected to be delivered to the Company by the sellers by March 29, 2022.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-size: 12pt;">Excluding the aforementioned vessel, 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). As of today, the
      combined carrying capacity of the Company&#8217;s fleet, excluding the one vessel not yet delivered, is approximately 4.4 million dwt with a weighted average age of 10.57 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 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>
    <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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