<SEC-DOCUMENT>0000919574-22-007167.txt : 20221227
<SEC-HEADER>0000919574-22-007167.hdr.sgml : 20221227
<ACCEPTANCE-DATETIME>20221227103519
ACCESSION NUMBER:		0000919574-22-007167
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20221231
FILED AS OF DATE:		20221227
DATE AS OF CHANGE:		20221227

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:		221487186

	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
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
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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>
    <div><br>
    </div>
    <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>
    <div><br>
    </div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">For the month of December 2022</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Commission File Number:&#160; 001-32458</div>
    <div><br>
    </div>
    <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>
    <div><br>
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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>
    <div><br>
    </div>
    <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="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="text-align: justify; 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 December 27, 2022 of Diana Shipping Inc. (the "Company")
      announcing that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v DSI Altair (formerly &#8220;STH Sydney&#8221;), a 2016 built Ultramax dry bulk vessel of 60,309 dwt. The Company also announced that, through the same wholly-owned
      subsidiary, it entered into a time charter contract with Western Bulk Pte. Ltd. In addition, the Company announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with ST Shipping and Transport Pte. Ltd.,
      for one of its Panamax dry bulk vessels, the m/v Ismene.</div>
    <div style="text-align: justify; 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
      statements on Form F-3 (File Nos. 333-256791 and 333-266999) that were filed with the U.S. Securities and Exchange Commission and became effective on July 9, 2021 and September 16, 2022, respectively.</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <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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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td colspan="2" style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif; 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="width: 50%; vertical-align: top;">
            <div style="margin-left: 21.6pt; font-family: 'Times New Roman', serif;">(registrant)</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman', serif;">Dated: December 27, 2022</div>
          </td>
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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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          <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 style="font-family: 'Times New Roman', serif;">President</div>
          </td>
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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;">&#160;</td>
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          <td style="width: 6.09%; vertical-align: top;">&#160;</td>
          <td style="width: 43.91%; vertical-align: top;">&#160;</td>
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    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 99.1</div>
    <div><br>
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            <div style="font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Corporate Contact:</div>
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          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Director, Chief Financial Officer,</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Chief Strategy Officer, Treasurer and Secretary</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Telephone: + 30-210-9470-100</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Email: izafirakis@dianashippinginc.com</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Website: www.dianashippinginc.com</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman', serif;">Twitter: @Dianaship</div>
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            <div style="font-family: 'Times New Roman', serif;">For Immediate Release</div>
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            <div style="font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Edward Nebb</div>
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            <div style="font-family: 'Times New Roman', serif;">Comm-Counsellors, LLC</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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            <div style="font-family: 'Times New Roman', serif;">Telephone: + 1-203-972-8350</div>
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          <td style="width: 50%; vertical-align: top;">
            <div style="font-family: 'Times New Roman', serif;">Email: enebb@optonline.net</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC. ANNOUNCES DELIVERY OF THE ULTRAMAX DRY BULK VESSEL M/V DSI ALTAIR AND HER ENTRY INTO TIME CHARTER CONTRACT WITH WESTERN BULK; A TIME CHARTER
      CONTRACT FOR M/V ISMENE WITH ST SHIPPING</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">ATHENS, GREECE, December 27, 2022 &#8211; Diana Shipping Inc. (NYSE: <font style="color: rgb(0, 0, 0);">DSX</font>), (the &#8220;Company&#8221;), a global shipping company specializing in the
      ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v DSI Altair (formerly &#8220;STH Sydney&#8221;), a 2016 built Ultramax dry bulk vessel of 60,309 dwt. The
      vessel is one of nine modern Ultramax dry bulk vessels that the Company entered into an agreement to purchase in August 2022.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The Company also announced that, through the same wholly-owned subsidiary, it entered into a time charter contract with Western Bulk Pte. Ltd. at a gross charter rate of US$14,400
      per day, minus a 5.0% commission paid to third parties, for a period until minimum June 25, 2023 up to maximum August 25, 2023. The charter is expected to commence on December 29, 2022.</div>
    <div><br>
    </div>
    <div style="text-align: justify; 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 ST Shipping and Transport Pte. Ltd., for one
      of its Panamax dry bulk vessels, the m/v Ismene. The gross charter rate is US$14,000 per day, minus a 5% commission paid to third parties, for a period until minimum August 20, 2023 to maximum October 10, 2023. The charter is expected to commence on
      December 31, 2022.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The &#8220;Ismene&#8221; is a 77,901 dwt Panamax dry bulk vessel built in 2013.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">The employments of &#8220;DSI Altair&#8221; and &#8220;Ismene&#8221; are anticipated to generate approximately US$5.77 million of gross revenue for the minimum scheduled period of the time charters.</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">Including the newly delivered m/v DSI Altair, Diana Shipping Inc.&#8217;s fleet currently consists of 42 dry bulk vessels (4 Newcastlemax, 11 Capesize, 5 Post-Panamax, 6 Kamsarmax, 8
      Panamax and 8 Ultramax). The Company also expects to take delivery of 1 Ultramax dry bulk vessel in the fourth quarter of 2022. As of today, the combined carrying capacity of our fleet, excluding the 1 Ultramax dry bulk vessel not yet delivered, is
      approximately 4.9 million dwt with a weighted average age of 10.20 years.<font style="color: #FFFFFF;">. </font>A table describing the current Diana Shipping Inc. fleet can be found on the Company&#8217;s website, <font style="color: #0000FF;"><u>www.dianashippinginc.com</u></font>.
      Information contained on the Company&#8217;s website does not constitute a part of this press release.</div>
    <div><br>
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    <div style="text-align: justify; font-family: 'Times New Roman', serif; font-weight: bold;">About the Company</div>
    <div><br>
    </div>
    <div style="text-align: justify; font-family: 'Times New Roman', serif;">Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in 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-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; 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><br>
    </div>
    <div style="text-align: justify; 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><br>
    </div>
    <div style="text-align: justify; 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><br>
    </div>
    <div style="text-align: justify; 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, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, 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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