<SEC-DOCUMENT>0000919574-23-003110.txt : 20230512
<SEC-HEADER>0000919574-23-003110.hdr.sgml : 20230512
<ACCEPTANCE-DATETIME>20230512171736
ACCESSION NUMBER:		0000919574-23-003110
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230531
FILED AS OF DATE:		20230512
DATE AS OF CHANGE:		20230512

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:		23917044

	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>d10639790_6-k.htm
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    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
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    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">WASHINGTON, D.C.&#160; 20549</div>
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    <div style="text-align: center; line-height: 11.4pt; 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; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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    </div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">For the month of May 2023</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Commission File Number:&#160; 001-32458</div>
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    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(Translation of registrant's name into English)</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Pendelis 16, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(Address of principal executive office)</div>
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    </div>
    <div style="text-align: justify; line-height: 11.4pt; 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>
    <div style="text-align: justify; line-height: 11.4pt; 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; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
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    </div>
    <div style="text-align: justify; line-height: 11.4pt; 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 May 12, 2023, of Diana Shipping Inc. (the
      "Company") announcing the distribution date of its previously announced special stock dividend payment to its common shareholders.<br>
    </div>
    <div style="text-align: justify; line-height: 11.4pt; 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; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
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    </div>
    <div style="text-align: justify; line-height: 11.4pt; 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="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
          </td>
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          <td style="vertical-align: top;" colspan="2">
            <div style="text-align: justify; margin-left: 21.6pt; line-height: 11.4pt; font-family: 'Times New Roman', serif;">(registrant)</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Dated: May 12, 2023</div>
          </td>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">By:</div>
          </td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;"><u>/s/ Anastassis Margaronis</u></div>
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          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Anastassis Margaronis</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 5%; vertical-align: top;">&#160;</td>
          <td style="width: 45%; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">President</div>
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        </tr>
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    <div style="text-align: right; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 99.1</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Corporate Contact:</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Director, Chief Financial Officer,</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Chief Strategy Officer, Treasurer and Secretary</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Telephone: + 30-210-9470-100</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Email: izafirakis@dianashippinginc.com</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Website: www.dianashippinginc.com</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Twitter: @Dianaship</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">For Immediate Release</div>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
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          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Edward Nebb</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Comm-Counsellors, LLC</div>
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            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Telephone: + 1-203-972-8350</div>
          </td>
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          <td style="width: 50%; vertical-align: top;">&#160;</td>
          <td style="width: 50%; vertical-align: top;">
            <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">Email: enebb@optonline.net</div>
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    <div style="text-align: center; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC. ANNOUNCES SPECIAL STOCK DIVIDEND ELECTION AND DISTRIBUTION DATE</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">ATHENS, GREECE, May 12, 2023 &#8211; Diana Shipping Inc. (NYSE: DSX), (the &#8220;Company&#8221;), a global shipping company specializing in the ownership and bareboat
      charter-in of dry bulk vessels, today announced that its previously announced special stock dividend payment to common shareholders of record as of April 24, 2023 (the &#8220;Record Date&#8221;) of an aggregate of 13,157 Series D Convertible Preferred Shares of
      OceanPal Inc. held by the Company, is now expected to be paid on or around May 30, 2023 (the &#8220;Stock Dividend Payment Date&#8221;). Because there is no public market currently existing or expected to develop for the Series D Convertible Preferred Shares of
      OceanPal Inc., as an accommodation to its common shareholders the Company will automatically convert the Series D Convertible Preferred Shares into OceanPal Inc. common shares on or around the Stock Dividend Payment Date and distribute such common
      shares to each common shareholder in lieu of Series D Convertible Preferred Shares of OceanPal Inc. Common shareholders of the Company will have the opportunity to elect to opt out, in whole but not in part, of the conversion of the Series D
      Convertible Preferred Shares and instead receive Series D Convertible Preferred Shares in connection with the special dividend.</div>
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    </div>
    <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif;">OceanPal Inc. has filed a registration statement with the U.S. Securities and Exchange Commission registering the OceanPal Inc. common shares and Series D
      Convertible Preferred Shares in the stock distribution which has been declared effective as of May 11, 2023. The OceanPal Inc. registration statement and the prospectus included therein contains additional information regarding the special dividend
      and the conversion of the Series D Convertible Preferred Shares.</div>
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    <div style="text-align: justify; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">About the Company</div>
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    </div>
    <div style="text-align: justify; line-height: 11.4pt; 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; line-height: 11.4pt; font-family: 'Times New Roman', serif; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
    <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-align: justify; line-height: 11.4pt; 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 style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-align: justify; line-height: 11.4pt; 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 style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
    </div>
    <div style="text-align: justify; line-height: 11.4pt; 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>
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    </div>
    <div style="text-align: justify; line-height: 11.4pt; 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 continuing impacts of the COVID-19 pandemic; 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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