<SEC-DOCUMENT>0000919574-23-001995.txt : 20230302
<SEC-HEADER>0000919574-23-001995.hdr.sgml : 20230302
<ACCEPTANCE-DATETIME>20230302165146
ACCESSION NUMBER:		0000919574-23-001995
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20230302
DATE AS OF CHANGE:		20230302

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OceanPal Inc.
		CENTRAL INDEX KEY:			0001869467
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-93136
		FILM NUMBER:		23699906

	BUSINESS ADDRESS:	
		STREET 1:		PENDELIS 26
		STREET 2:		PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			175 64
		BUSINESS PHONE:		30-210-9485-360

	MAIL ADDRESS:	
		STREET 1:		PENDELIS 26
		STREET 2:		PALAIO FALIRO
		CITY:			ATHENS
		STATE:			J3
		ZIP:			175 64

FILED BY:		

	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:		SC 13D/A

	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>SC 13D/A
<SEQUENCE>1
<FILENAME>d9969646_13d-a.htm
<TEXT>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">WASHINGTON, DC 20549</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">SCHEDULE 13D</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">THE SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Amendment No.1)*</div>
    <div><br>
    </div>
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        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">OceanPal Inc.</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Name of Issuer)</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Common Stock, $0.01 par value per share</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Title of Class of Securities)</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Y6430L160</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(CUSIP Number)</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Attn: Mr. Ioannis Zafirakis</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Pendelis 26, 175 64 Palaio Faliro</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Athens, Greece</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">+ 30-210-9485-360</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Name, Address and Telephone Number of Person Authorized to Receive</div>
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Notices and Communications)</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">February 10, 2023</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Date of Event Which Requires Filing of this Statement)</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of
              ss.240.13d-1(e), 240.13d&#8209;1(f) or 240.13d-1(g), check the following box [ ].</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See &#167; 240.13d-7 for other parties to whom copies
              are to be sent.</div>
          </td>
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          <td style="width: 50.61%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 49.39%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any
              subsequent amendment containing information which would alter disclosures provided in a prior cover page.</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 100%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">The information required on the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) or
              otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
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        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">CUSIP No.</div>
          </td>
          <td style="width: 81.75%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Y6430L160</div>
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          <td style="width: 4.2%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">1.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">NAME OF REPORTING PERSONS</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Diana Shipping Inc.</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="4" style="width: 90.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">2.</div>
          </td>
          <td colspan="4" style="width: 90.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(a)</div>
          </td>
          <td style="width: 2.5%; vertical-align: bottom;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">[_]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">(b)</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">[x]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">3.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">SEC USE ONLY</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">4.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">SOURCE OF FUNDS</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">WC</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: bottom;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">5.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: bottom;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">[_]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">6.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">CITIZENSHIP OR PLACE OF ORGANIZATION</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Republic of the Marshall Islands</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="5" style="width: 100%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="5" style="width: 100%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">7.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">SOLE VOTING POWER</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            <div style="color: #000000; font-family: 'Times New Roman', serif;">23,283,643</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">8.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">SHARED VOTING POWER</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">-0-</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="4" style="width: 90.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">9.</div>
          </td>
          <td colspan="4" style="width: 90.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">SOLE DISPOSITIVE POWER</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="4" style="width: 90.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">23,283,643</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">10.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">SHARED DISPOSITIVE POWER</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">-0-</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">11.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">23,283,643</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">12.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: bottom;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 2.5%; vertical-align: bottom;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">[_]</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">13.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">49%</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">14.</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">TYPE OF REPORTING PERSON</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.05%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 85.95%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">CO</div>
          </td>
          <td colspan="2" style="width: 5%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 1.</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Security and Issuer.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="text-align: justify; margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">This Schedule 13D relates to shares of common stock, par value $0.01 per share (the &#8220;Shares&#8221;), of OceanPal Inc. (the &#8220;Issuer&#8221;). The
              principal executive office and mailing address of the Issuer is Pendelis 26, 175 64 Palaio Faliro, Athens, Greece.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 2.</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Identity and Background.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="text-align: justify; margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">This Schedule 13D is being filed on behalf of Diana Shipping Inc., a Marshall Islands corporation (&#8220;Diana Shipping&#8221;). Diana Shipping is
              referred to as the &#8220;Reporting Person.&#8221;</div>
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            <div style="text-align: justify; margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">The principal business address for Reporting Person is Pendelis 16, 175 64 Palaio Faliro, Athens, Greece.</div>
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            <div style="text-align: justify; margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">The Reporting Person has not, during the last five years, been (i) convicted in a criminal proceeding (excluding traffic violations or
              similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were not and are not subject to a judgment, decree or final order enjoining future
              violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 3.</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="text-align: justify; margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Source and Amount of Funds or Other Consideration.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="text-align: justify; margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">In connection with a spin-off transaction, Diana Shipping acquired 10,000 of the Issuer&#8217;s Series C Convertible Preferred Shares (the
              &#8220;Series C Preferred Shares&#8221;), which in accordance with their terms have become convertible into an aggregate of 12,379,302 Shares of the Issuer at Diana Shipping&#8217;s option. <br>
            </div>
            <div style="text-align: justify; margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;"> <br>
            </div>
            <div style="text-align: justify; margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">As partial consideration for the Issuer&#8217;s purchase of the m/v Melia from Diana Shipping, the Issuer issued 13,157 shares of its 7.0%
              Series D Cumulative Convertible Perpetual Preferred stock (the &#8220;Series D Preferred Shares&#8221;) to Diana Shipping, which in accordance with their terms have become convertible into an aggregate of 10,904,341 Shares at a conversion price equal to
              the 10-trading day trailing VWAP of the Issuer&#8217;s Shares as of February 21, 2023, giving effect to certain ownership restrictions contained in the Series D Preferred Shares&#8217; statement of designation, including that the Series D Preferred
              Shares shall not be convertible into the Issuers&#8217; common shares to the extent that such conversion would result in the Reporting Person becoming the beneficial owner of more than 49% of the total issued and outstanding common shares.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 4.</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="text-align: justify; margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Purpose of Transaction.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="text-align: justify; margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">The Reporting Person acquired (i) the Series C Preferred Shares in connection with the spin-off transaction and (ii) the Series D
              Preferred Shares partial consideration for the Issuer&#8217;s Purchase of the m/v Melia, both as described herein solely for investment purposes. The Reporting Person, at any time and from time to time, may acquire additional Shares or other
              securities of the Issuer, including in connection with the provision of any services or other strategic transactions with the Issuer, or dispose of any or all of the Series C Preferred Shares the Series D Preferred Shares or Shares into which
              Series C Preferred Shares and Series D Preferred Shares may be converted, that it owns depending upon an ongoing evaluation of its investment in the Series C Preferred Shares and the Series D Preferred Shares, prevailing market conditions,
              other investment opportunities, other investment considerations and/or other factors. The Reporting Person further reserves the right to act in concert with any other shareholders of the Issuer, or other persons, for a common purpose should
              they determine to do so, and/or to recommend courses of action to the Issuer's management, the Issuer's Board of Directors, the Issuer's shareholders and others.</div>
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>

    </table>
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    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
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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="ze0a3d375fe844dd4bb415104ff1e6e71">

        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 5.</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Interest in Securities of the Issuer.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td style="width: 8.65%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td style="width: 8.65%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="text-align: justify; margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">(a. &amp; b.) As of February 21, 2023, the Issuer had 24,233,996 Shares outstanding. Based on the foregoing, the Reporting Person reports
              beneficial ownership of the following Shares:</div>
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            <div style="text-align: justify; margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">Diana Shipping is the record holder of (i) 10,000 Series C Preferred Shares convertible into an aggregate of 12,379,302 Shares as of the
              date hereof, and (ii) 13,157 Series D Preferred Shares convertible into an aggregate of 10,904,341 Shares as of the date hereof, after giving effect to the limitations included in the Series D Preferred Shares which limits the conversion of
              any such Series D Preferred Shares to the extent it would result in the Reporting Person becoming the beneficial owner of more than 49% of the total issued and outstanding Shares. The Reporting Person is not the direct owner of any Shares of
              the Issuer as of the date hereof. As a result of such ownership limitations, Diana Shipping has the sole power to vote or direct the vote of 23,283,643 Shares and has the shared power to vote or direct the vote of 0 Shares.</div>
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            <div style="text-align: justify; margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">(c.) Except as otherwise disclosed herein, no transactions in the Shares were effected by the Reporting Person during the past 60 days.</div>
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            <div style="text-align: justify; margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">(d.) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the
              sale of, any of the Shares beneficially owned by the Reporting Person.</div>
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
            <div style="text-align: justify; margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">(e.) Not applicable.</div>
          </td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 6.</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td style="width: 8.65%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td style="width: 8.65%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="text-align: justify; margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">The Reporting Person also owns 500,000 of additional preferred voting shares of the Issuer that convey the right to cast a number of
              votes for all matters on which shareholders of the Issuer may vote equal to up to 34% of the total number of votes entitled to be cast by the Issuer&#8217;s shareholders on such matter, provided that to the extent such voting power, together with
              any affiliate of the Reporting Person, would exceed 49% of the total number of votes that may be cast on any matter submitted to a vote of the Issuers&#8217; shareholders, the number of votes shall be automatically reduced so that the Reporting
              Person&#8217;s aggregate voting power, together with its affiliates, is not more than 49%.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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          <td style="width: 8.65%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 8.65%; vertical-align: top;">
            <div style="margin-left: 4.5pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Item 7.</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">Material to be Filed as Exhibits.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td style="width: 8.65%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">Not Applicable.</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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          <td style="width: 90.82%; vertical-align: top;">
            <div style="margin-left: 9pt; color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 0.52%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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    </table>
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    <div><br>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURE</div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;"> <br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z2da74ea2a6524eaeaada76bdba4dd5b3">

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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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          <td colspan="2" style="width: 94.18%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">March 2, 2023</div>
          </td>
          <td style="width: 1.94%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 94.18%; vertical-align: top;">
            <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Date)</div>
          </td>
          <td style="width: 1.94%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td colspan="2" style="width: 94.18%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Diana Shipping Inc.</div>
          </td>
          <td style="width: 1.94%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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          <td colspan="2" style="width: 94.18%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 1.94%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 11.21%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">By:</div>
          </td>
          <td style="width: 82.97%; vertical-align: top; border-bottom: #000000 2px solid;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">/s/ Ioannis Zafirakis</div>
          </td>
          <td style="width: 1.94%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 1.93%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 1.94%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 11.21%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 82.97%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Ioannis Zafirakis</div>
          </td>
          <td style="width: 1.94%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
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          <td style="width: 1.94%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 11.21%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
          <td style="width: 82.97%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">Authorized Representative</div>
          </td>
          <td style="width: 1.94%; vertical-align: top;">
            <div style="color: #000000; font-family: 'Times New Roman', serif;">&#160;</div>
          </td>
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    </div>
    <div><br>
    </div>
    <div style="color: #000000; font-family: 'Times New Roman', serif;">Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).</div>
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</DOCUMENT>
</SEC-DOCUMENT>
