<SEC-DOCUMENT>0000919574-24-002651.txt : 20240425
<SEC-HEADER>0000919574-24-002651.hdr.sgml : 20240425
<ACCEPTANCE-DATETIME>20240425162040
ACCESSION NUMBER:		0000919574-24-002651
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240430
FILED AS OF DATE:		20240425
DATE AS OF CHANGE:		20240425

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIANA SHIPPING INC.
		CENTRAL INDEX KEY:			0001318885
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32458
		FILM NUMBER:		24876664

	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>d11038769_6k.htm
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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>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">OF THE SECURITIES EXCHANGE ACT OF 1934</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif;">For the month of April 2024</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Commission File Number:&#160; 001-32458</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">(Translation of registrant's name into English)</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">Pendelis 16, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center; font-family: 'Times New Roman', serif;">(Address of principal executive office)</div>
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    <div style="font-family: 'Times New Roman', serif;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div>
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    <div style="font-family: 'Times New Roman', serif;">Form 20-F [X]&#160; &#160; &#160;&#160; Form 40-F [&#160; ]</div>
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    <div style="text-align: center; font-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div style="text-align: justify; margin-top: 12pt; margin-bottom: 12pt; color: #000000; font-family: 'Times New Roman', serif;">Attached to this Report on Form 6-K as Exhibit 99.1 is a press release dated April 25, 2024 of Diana Shipping Inc. (the
      "Company"), announcing that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bulk Trading SA, for one of its Ultramax dry bulk vessels, the m/v DSI Phoenix.</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>
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    <div style="font-family: 'Times New Roman', serif;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div>
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            <div style="font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
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            <div style="margin-left: 21.6pt; font-family: 'Times New Roman', serif;">(registrant)</div>
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            <div style="font-family: 'Times New Roman', serif;">Dated: April 25, 2024</div>
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            <div style="font-family: 'Times New Roman', serif;">By:</div>
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            <div style="font-family: 'Times New Roman', serif;"><u>/s/ <font style="color: #000000;">Anastasios Margaronis</font></u></div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Anastasios Margaronis</div>
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            <div style="font-family: 'Times New Roman', serif;">President</div>
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    <div style="text-align: right; font-family: 'Times New Roman', serif; font-weight: bold;">Exhibit 99.1</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; font-weight: bold;">Corporate Contact:</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Ioannis Zafirakis</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Director, Chief Financial Officer,</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Chief Strategy Officer, Treasurer and Secretary</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Telephone: + 30-210-9470-100</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Email: <u>izafirakis@dianashippinginc.com</u></div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Website: <u>www.dianashippinginc.com</u></div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">X: @Dianaship</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">For Immediate Release</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; font-weight: bold;">Investor and Media Relations:</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Edward Nebb</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Comm-Counsellors, LLC</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Telephone: + 1-203-972-8350</div>
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            <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Email: <u>enebb@optonline.net</u></div>
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    <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT</div>
    <div style="text-align: center; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">FOR M/V DSI PHOENIX WITH BULK TRADING SA</div>
    <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> </font><br>
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    <div style="font-family: 'Times New Roman',serif; font-size: 12pt; text-align: justify;">ATHENS, GREECE, April 25, 2024 &#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, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Bulk Trading SA, for one of its Ultramax dry bulk vessels, the m/v DSI Phoenix. The gross charter rate
      is US$16,500 per day, minus a 5% commission paid to third parties, for a period until minimum August 1,<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">&#160;</sup>2025 up to maximum September 30, 2025. The charter is expected to commence on May 8, 2024. The m/v DSI Phoenix is currently chartered,
      as previously announced, to ASL Bulk Marine Limited, at a gross charter rate of US$13,250 per day, minus a 5.00% commission paid to third parties.</div>
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    <div style="font-family: 'Times New Roman',serif; font-size: 12pt; text-align: justify;">The &#8220;DSI Phoenix&#8221; is a 60,456 dwt Ultramax dry bulk vessel built in 2017.</div>
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    <div style="font-family: 'Times New Roman',serif; font-size: 12pt; text-align: justify;">The employment of &#8220;DSI Phoenix&#8221; is anticipated to generate approximately US$7.33 million of gross revenue for the minimum scheduled period of the time
      charter.</div>
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    <div style="font-family: 'Times New Roman',serif; font-size: 12pt; text-align: justify;">Upon completion of the previously announced sale of m/v Houston, Diana Shipping Inc.&#8217;s fleet will consist of 38 dry bulk vessels: 4 Newcastlemax, 8
      Capesize, 5 Post-Panamax, 6 Kamsarmax, 6 Panamax and 9 Ultramax. The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of
      today, the combined carrying capacity of the Company&#8217;s fleet including the m/v Houston and excluding the two vessels not yet delivered, is approximately 4.4 million dwt with a weighted average age of 10.73 years. A table describing the current Diana
      Shipping Inc. fleet can be found on the Company&#8217;s website, www.dianashippinginc.com. Information contained on the Company&#8217;s website does not constitute a part of this press release.</div>
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    <div style="margin-bottom: 10pt;"><br>
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    <div style="font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold; text-align: justify;">About the Company</div>
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    </div>
    <div style="font-family: 'Times New Roman',serif; font-size: 12pt; text-align: justify;">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="font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold; text-align: justify;">Cautionary Statement Regarding Forward-Looking Statements</div>
    <div><br>
    </div>
    <div style="font-family: 'Times New Roman',serif; font-size: 12pt; text-align: justify;">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="font-family: 'Times New Roman',serif; font-size: 12pt; text-align: justify;">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="font-family: 'Times New Roman',serif; font-size: 12pt; text-align: justify;">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="font-family: 'Times New Roman',serif; font-size: 12pt; text-align: justify;">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 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, including the escalation of the conflict in the Middle East, 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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