<SEC-DOCUMENT>0000919574-24-004149.txt : 20240726
<SEC-HEADER>0000919574-24-004149.hdr.sgml : 20240726
<ACCEPTANCE-DATETIME>20240726161437
ACCESSION NUMBER:		0000919574-24-004149
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20240731
FILED AS OF DATE:		20240726
DATE AS OF CHANGE:		20240726

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:		241147051

	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>d11426948_6k.htm
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">FORM 6-K</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">WASHINGTON, D.C. 20549</div>
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    <div style="text-align: center; color: #000000; 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; color: #000000; 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; color: #000000; font-family: 'Times New Roman', serif;">For the month of July 2024</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Commission File Number: 001-32458</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Translation of registrant's name into English)</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">Pendelis 16, 175 64 Palaio Faliro, Athens, Greece</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif;">(Address of principal executive office)</div>
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    <div style="color: #000000; 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="color: #000000; font-family: 'Times New Roman', serif;">Form 20-F [X] Form 40-F [ ]</div>
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    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">INFORMATION CONTAINED IN THIS FORM 6-K REPORT</div>
    <div style="text-align: center; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;"> <br>
    </div>
    <div style="text-align: justify; 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 July 26, 2024 of Diana Shipping Inc., (the "Company") announcing the signing and
      drawdown of a US$167.3 million term loan facility with Nordea Bank to refinance two existing loan facilities.</div>
    <div style="text-align: justify; color: #000000; font-family: 'Times New Roman', serif;"> <br>
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    <div style="text-align: justify; 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; color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">SIGNATURES</div>
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    <div style="color: #000000; 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="color: #000000; font-family: 'Times New Roman', serif; font-weight: bold;">DIANA SHIPPING INC.</div>
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            <div style="margin-left: 21.6pt; color: #000000; font-family: 'Times New Roman', serif;">(registrant)</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Dated: July 26, 2024</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">By:</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">/s/ Anastassis Margaronis</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">Anastassis Margaronis</div>
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            <div style="color: #000000; font-family: 'Times New Roman', serif;">President</div>
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    <div style="text-align: right; color: #000000; 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, 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><font style="color: #0000FF;">enebb@optonline.net</font></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 SIGNING AND DRAWDOWN OF</div>
      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">A US$167.3 MILLION TERM LOAN FACILITY WITH NORDEA BANK</div>
      <div style="text-align: center; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TO REFINANCE TWO EXISTING TERM LOAN FACILITIES WITH NORDEA</div>
      <div><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 12pt; font-weight: normal;">ATHENS, GREECE, July 26, 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 the successful signing of a US$167.3 million six-year secured term loan facility with Nordea Bank Abp, filial i Norge on July 25, 2024. The full amount was drawn down immediately.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 12pt; font-weight: normal;">The new loan maturing in July 2030 is secured by ten vessels. The proceeds have been utilized to refinance two of the Company&#8217;s existing loan facilities with
        Nordea Bank Abp, filial i Norge: one for US$149.3 million and the other for US$18.0 million, originally maturing in October 2027 and June 2028, respectively. These loans were previously secured by twelve vessels. As part of this refinancing, two of
        the Company&#8217;s mortgaged vessels have been released.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; color: rgb(0, 0, 0); font-size: 12pt; font-weight: normal;">This strategic financial move underscores the Company&#8217;s commitment to optimizing its capital structure and enhancing operational flexibility.</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; font-size: 12pt; font-weight: normal;">Upon completion of the previously announced sale of m/v Houston<font style="font-family: 'Times New Roman', serif; color: #000000;">, 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</font>. 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 co<font style="font-family: 'Times New Roman', serif; color: #000000;">mbined 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 10.98 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company&#8217;s website, </font><u><font style="font-family: 'Times New Roman', serif;">www.dianashippinginc.com</font></u><font style="font-family: 'Times New Roman', serif; color: #000000;">. Information contained on the Company&#8217;s website does not constitute a part of this press release.</font></div>
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      <div style="font-size: 12pt; font-weight: bold;">About the Company</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; font-size: 12pt; font-weight: normal;">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>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; font-size: 12pt; font-weight: bold;">Cautionary Statement Regarding Forward-Looking Statements</div>
      <div style="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; font-size: 12pt; font-weight: normal;">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="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; font-size: 12pt; font-weight: normal;">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="font-weight: normal;"><br>
      </div>
      <div style="text-align: justify; font-size: 12pt; font-weight: normal;">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 style="text-align: justify; font-size: 12pt; font-weight: normal;">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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