<SEC-DOCUMENT>0001104659-25-058747.txt : 20250612
<SEC-HEADER>0001104659-25-058747.hdr.sgml : 20250612
<ACCEPTANCE-DATETIME>20250612091157
ACCESSION NUMBER:		0001104659-25-058747
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20250612
DATE AS OF CHANGE:		20250612

SUBJECT COMPANY:	

	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
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81513
		FILM NUMBER:		251041804

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			F. Laeisz GmbH
		CENTRAL INDEX KEY:			0002037831
		ORGANIZATION NAME:           	
		EIN:				000000000

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D

	BUSINESS ADDRESS:	
		STREET 1:		TROSTBRUCKE 1
		CITY:			HAMBURG
		STATE:			2M
		ZIP:			20457
		BUSINESS PHONE:		011494036808253

	MAIL ADDRESS:	
		STREET 1:		TROSTBRUCKE 1
		CITY:			HAMBURG
		STATE:			2M
		ZIP:			20457
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13D</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: F. Laeisz GmbH -->
          <cik>0002037831</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Shares of Common Stock, par value $0.01 per share</securitiesClassTitle>
      <dateOfEvent>06/06/2025</dateOfEvent>
      <previouslyFiledFlag>true</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001318885</issuerCIK>
        <issuerCUSIP>Y2066G104</issuerCUSIP>
        <issuerName>DIANA SHIPPING INC.</issuerName>
        <address>
          <com:street1>PENDELIS 16</com:street1>
          <com:street2>175 64 PALAIO FALIRO</com:street2>
          <com:city>ATHENS</com:city>
          <com:stateOrCountry>J3</com:stateOrCountry>
          <com:zipCode>00000</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Joern Scheller</personName>
          <personPhoneNum>49 40 36808 253</personPhoneNum>
          <personAddress>
            <com:street1>Trostbruecke 1</com:street1>
            <com:city>Hamburg</com:city>
            <com:stateOrCountry>2M</com:stateOrCountry>
            <com:zipCode>20457</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0002037831</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>F. Laeisz GmbH</reportingPersonName>
        <fundType>WC</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>2M</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>7699053.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>7699053.00</sharedDispositivePower>
        <aggregateAmountOwned>7699053.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>6.6</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>Row 8: Represents 6,905,000 shares of common stock of the Issuer, par value $0.01 per share ("Common Shares"), and 794,053 Common Shares issuable upon the conversion of 482,766 warrants, in each case held by F. Laeisz GmbH. F. Laeisz GmbH disclaims beneficial ownership in the Common Shares reported herein except to the extent of its pecuniary interest therein.   The warrants are convertible at a current conversion rate of 1.64480, which includes a "Bonus Share Fraction," as set forth and described in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on March 21, 2025, which is readjusted periodically in conjunction with the record date for dividends or distributions on the Common Shares.

Row 13: Percentage calculation based on a denominator equal to (a) 115,772,780 Common Shares outstanding as of May 29, 2025, as reflected in the report on Form 6-K filed by the Issuer on May, 29, 2025 plus (b) 482,766 warrants outstanding (multiplied by the conversion rate), in each case held by F. Laeisz GmbH.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>KG Reederei N. Schues mbH + Co.</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>2M</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>7699053.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>7699053.00</sharedDispositivePower>
        <aggregateAmountOwned>7699053.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>6.6</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>Row 8 and 10: Represents 6,905,000 shares of common stock of the Issuer, par value $0.01 per share ("Common Shares"), and 794,053 Common Shares issuable upon the conversion of 482,766 warrants, in each case held by F. Laeisz GmbH, of which KG Reederei N. Schues mbH + Co. owns a 48% controlling share and therefore, may be deemed a beneficial owner of such Common Shares. KG Reederei N. Schues mbH + Co. disclaims beneficial ownership in the Common Shares reported herein except to the extent of its pecuniary interest therein.  The warrants are convertible at a current conversion rate of 1.64480, which includes a "Bonus Share Fraction," as set forth and described in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on March 21, 2025, which is readjusted periodically in conjunction with the record date for dividends or distributions on the Common Shares.

Row 11 and 13: Percentage calculation based on a denominator equal to (a) 115,772,780 Common Shares outstanding as of May 29, 2025, as reflected in the report on Form 6-K filed by the Issuer on May, 29, 2025 plus (b) 482,766 warrants outstanding (multiplied by the conversion rate), in each case held by F. Laeisz GmbH.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Nikolaus H. Schues</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>2M</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>7699053.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>7699053.00</sharedDispositivePower>
        <aggregateAmountOwned>7699053.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>6.6</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <commentContent>Row 8, 10, and 11: Represents 6,905,000 shares of common stock of the Issuer, par value $0.01 per share ("Common Shares"), and 794,053 Common Shares issuable upon the conversion of 482,766 warrants, in each case held by F. Laeisz GmbH, of which KG Reederei N. Schues mbH + Co. owns a 48% controlling share, of which Mr. Schues owns a controlling share and therefore, may be deemed a beneficial owner of such Common Shares. Mr. Schues disclaims beneficial ownership in the Common Shares reported herein except to the extent of his pecuniary interest therein. The warrants are convertible at a current conversion rate of 1.64480, which includes a "Bonus Share Fraction," as set forth and described in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on March 21, 2025, which is readjusted periodically in conjunction with the record date for dividends or distributions on the Common Shares.

Row 13: Percentage calculation based on a denominator equal to (a) 115,772,780 Common Shares outstanding as of May 29, 2025, as reflected in the report on Form 6-K filed by the Issuer on May, 29, 2025 plus (b) 482,766 warrants outstanding (multiplied by the conversion rate), in each case held by F. Laeisz GmbH.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Shares of Common Stock, par value $0.01 per share</securityTitle>
        <issuerName>DIANA SHIPPING INC.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>PENDELIS 16</com:street1>
          <com:street2>175 64 PALAIO FALIRO</com:street2>
          <com:city>ATHENS</com:city>
          <com:stateOrCountry>J3</com:stateOrCountry>
          <com:zipCode>00000</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This joint statement on Schedule 13D is filed with respect to the shares of common stock, par value $0.01 per share (the "Common Shares"), of Diana Shipping Inc., a Marshall Islands corporation (the "Issuer"). The principal executive office and mailing address of the Issuer is Pendelis 16, 175 64 Palaio Faliro, Athens, Greece.</commentText>
      </item1>
      <item2>
        <filingPersonName>The information set forth in Item 1 above is hereby incorporated herein by reference.

(a) This Schedule 13D is being filed on behalf of F. Laeisz GmbH, a German limited liability company ("Laeisz"), KG Reederei N. Schues mbH + Co., a German limited partnership ("Reederei"), and Nikolaus H. Schues ("Mr. Schues" and together with Laeisz and Reederei, the "Reporting Persons").  The filing of this Schedule 13D should not be construed in and of itself as an admission by the Reporting Persons as to beneficial ownership of the securities reported herein.

Attached as Annex A hereto and incorporated herein by reference is a list containing the (i) name, (ii) residence or business address, (iii) present principal occupation or employment and the name, principal business address of any corporation or other organization in which such employment is conducted, and (iv) citizenship, in each case of each director and executive officer (or equivalent) of Laeisz and Reederei (the "Principals"), as applicable.</filingPersonName>
        <principalBusinessAddress>The information set forth in Item 2(a) above is hereby incorporated herein by reference.  The principal business address of each Reporting Person is Trostbruecke 1, 20457 Hamburg, Germany.</principalBusinessAddress>
        <principalJob>The information set forth in Item 2(a) and Item 2(b) above is hereby incorporated herein by reference.  The principal business of Laeisz is to act as an investment holding company with focus on shipping related businesses, and the principal business of Reederei is to act as an investment holding company. The principal occupation of Mr. Schues is CEO of Laeisz.</principalJob>
        <hasBeenConvicted>The Reporting Persons, and, to the best of their knowledge, each of the Principals have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).</hasBeenConvicted>
        <convictionDescription>The Reporting Persons, and, to the best of their knowledge, each of the Principals, have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is 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 violation with respect to such laws.</convictionDescription>
        <citizenship>The information set forth in Item 2(a) above is hereby incorporated herein by reference.  Mr. Schues is a German citizen.</citizenship>
      </item2>
      <item3>
        <fundsSource>Funds for the purchase of these Common Shares were derived from the working capital of Laeisz.  Unless noted above, no part of the purchase price for such Common Shares was borrowed by any Reporting Person for the purpose of acquiring, holding, trading or voting any securities discussed in this Item 3.

On December 14, 2023, the Issuer distributed warrants to purchase Common Shares to the holders of record of Common Shares as of the close of business on December 6, 2023. Each holder received one warrant for every five Common Shares. Each warrant entitles the holder to purchase, at the holder's sole and exclusive election, at the exercise price of $4.00, one Common Share plus, to the extent, described below, the Bonus Share Fraction. A Bonus Share Fraction entitles a holder to receive an additional 0.5 of a Common Share for each warrant exercised (the "Bonus Share Fraction"), subject to adjustments, without payment of any additional exercise price. Unless earlier redeemed, the warrants will expire and cease to be exercisable at 5:00 p.m. New York City time on December 14, 2026.

The right to receive the Bonus Share Fraction will expire at 5:00 p.m. New York City time upon the earlier of (i) the date specified by the Issuer upon not less than 20 business days' notice and (ii) the first business day following the last day of the first 30 consecutive trading dayperiod in which the daily volume weighted average price of the Common Shares has been at least equal to the then applicable trigger price for at least 20 trading days (whether or not consecutive).

As of the date hereof, the Reporting Persons have not exercised their warrants and therefore do not own any additional Common Shares pursuant thereto.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>The information set forth in Item 3, Item 5 and Item 6 above is hereby incorporated herein by reference.

General

The Reporting Persons acquired beneficial ownership of the Common Shares required herein for investment purposes, and such acquisitions were made in the Reporting Persons' ordinary course of business. The Reporting Persons filed an initial Schedule 13G on October 18, 2024. The Schedule 13G was amended on April 30, 2025 to reflect (i) additional purchases of Common Shares in the ordinary course of business and (ii) the readjusted conversion rate of the warrants held by the Reporting Persons that are convertible into Common Shares, since the filing of the original Schedule 13G.

The Reporting Persons are filing this Schedule 13D to supersede their previously filed Schedule 13G and amendment thereto to report a change in their intentions.

The Reporting Persons intend to seek to engage in a dialogue with the Issuer's Board of Directors (the "Board") and management about operational and strategic opportunities to maximize shareholder value including potential asset or corporate consolidation opportunities, including transactions in which the Reporting Persons may seek to participate and potentially engage.

The Reporting Persons may consider, explore and/or develop plans and/or make proposals (whether preliminary or firm) with respect to, among other things, the matters set forth above, potential changes in the Issuer's operations, management, organizational documents, the composition of the Board, ownership, capital or corporate structure, dividend policy, strategy and plans of the Issuer, and other proposals that, if effected, may result in one or more of the events described in clauses (a) - (j) of Item 4 of Schedule 13D.

The Reporting Persons intend to communicate with the Issuer's management and Board about a broad range of operational and strategic matters (including the matters set forth above) and to communicate with other shareholders, knowledgeable industry or market participants or other persons, including potential acquirers, service providers and financing sources regarding the foregoing. The Reporting Person may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements which may include customary standstill provisions.

Except as disclosed in this Schedule 13D, none of the Reporting Persons has any current plans or proposals which relate to or would result in any of the events described in clauses (a) through (j) of the instructions to Item 4 of Schedule 13D. The Reporting Persons, however, intend to review their investment in the Issuer's Common Shares on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position and investment strategy, the price levels of the shares, conditions in the securities markets, general economic and industry conditions, and the Issuer's response to the Reporting Persons requests made herein, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate in light of existing circumstances from time to time and reserve the right to acquire or dispose of securities of the Issuer, to enter into hedging relationships with respect to such securities, or to formulate other purposes, plans, or proposals in the future depending on market conditions and/or other factors.  In addition, the Reporting Persons may, at any time and from time to time, (i) review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto and (ii) consider or propose one or more of the actions described  in clauses (a) - (j) of Item 4 of Schedule 13D.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>The information set forth in Item 2 above is hereby incorporated herein by reference.

(a) As of June 10, 2025, Laeisz may be deemed to beneficially own 7,699,053 Common Shares, which represent approximately 6.6% of Issuer's outstanding Common Shares, based on 115,772,780 Common Shares outstanding as reflected in the report on Form 6-K filed by the Issuer on May 29, 2025.

As of June 10, 2025, each of Reederei and Mr. Schues may be deemed to beneficially own the 7,699,053 Common Shares held indirectly through control of Laeisz, which represent approximately 6.6% of Issuer's outstanding Common Shares, based on 115,772,780 Common Shares outstanding as reflected in the report on Form 6-K filed by the Issuer on May 29, 2025.

To the best knowledge of the Reporting Persons, none of the Principals beneficially owns any Common Shares.</percentageOfClassSecurities>
        <numberOfShares>The information set forth in Item 2, Item 3 and Item 5(a) above is hereby incorporated herein by reference.
Laeisz has the sole power to vote or direct the vote of 0 Common Shares and the shared power to vote or direct the vote of 7,699,053 Common Shares.  Laeisz has the sole power to dispose or direct the disposition of 0 Common Shares and the shared power to dispose or direct the disposition of 7,699,053 Common Shares.

Reederei has the sole power to vote or direct the vote of 0 Common Shares and the shared power to vote or direct the vote of 7,699,053 Common Shares.  Reederei has the sole power to dispose or direct the disposition of 0 Common Shares and the shared power to dispose or direct the disposition of 7,699,053 Common Shares.

Mr. Schues has the sole power to vote or direct the vote of 0 Common Shares and the shared power to vote or direct the vote of 7,699,053 Common Shares.  Mr. Schues has the sole power to dispose or direct the disposition of 0 Common Shares and the shared power to dispose or direct the disposition of 7,699,053 Common Shares.

The Reporting Persons otherwise disclaim beneficial ownership over the Common Shares.</numberOfShares>
        <transactionDesc>None of the Reporting Persons, and to the knowledge of the Reporting Persons, none of the Principals, has effected any transaction in the Common Shares of the Issuer during the past 60 days.</transactionDesc>
        <listOfShareholders>Except as set forth above in Item 4 and this Item 5 and the Principals, 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 Common Shares beneficially owned by the Reporting Persons.</listOfShareholders>
        <date5PercentOwnership>Not applicable.</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>The responses to Items 3 and 4 of this Schedule 13D are incorporated herein by reference.

The Reporting Persons are parties to an agreement with respect to the joint filing of this Schedule 13D and any amendments thereto. A copy of such agreement is attached as Exhibit 99.1 and is incorporated by reference herein.

Except as disclosed in this Schedule 13D, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons and between the Reporting Persons and any other person with respect to any securities of the Issuer, including but not limited to, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Exhibit 99.1   Joint Filing Agreement dated June 12, 2025 among the Reporting Persons
Exhibit 99.2   Warrant Agreement dated December 14, 2023 between Computershare Inc. and its affiliate, Computershare Trust Company, N.A. and the Issuer (including the form of Warrants) (incorporated by reference to Exhibit 4.1 of the Issuer's report on Form 6-K (File. No. 001-32458) filed with the Securities and Exchange Commission on December 14, 2023)</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>F. Laeisz GmbH</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Hannes Thiede</signature>
          <title>Hannes Thiede, Managing Director/COO</title>
          <date>06/12/2025</date>
        </signatureDetails>
        <signatureDetails>
          <signature>/s/ Joern Scheller</signature>
          <title>Joern Scheller, Director Finance</title>
          <date>06/12/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>KG Reederei N. Schues mbH + Co.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Nikolaus H. Schues</signature>
          <title>Nikolaus H. Schues, Authorized Signatory</title>
          <date>06/12/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Nikolaus H. Schues</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Nikolaus H. Schues</signature>
          <title>Nikolaus H. Schues</title>
          <date>06/12/2025</date>
        </signatureDetails>
      </signaturePerson>
      <commentText>* Each Reporting Person disclaims beneficial ownership in the Common Shares reported herein except to the extent of their pecuniary interest therein.

The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of the filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement: Provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature.

Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).</commentText>
    </signatureInfo>
  </formData>

</edgarSubmission>
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<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>2
<FILENAME>tm2517748d1_ex99-a.htm
<DESCRIPTION>ANNEX A
<TEXT>
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     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ANNEX A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>F. Laeisz GmbH </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Unless otherwise noted, the business address of each person listed
below is Trostbruecke 1, 20457 Hamburg, Germany. Each person listed below is a German citizen.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Nikolaus H. Sch&uuml;es, Managing Director and CEO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Present principal occupation: CEO of F. Laeisz GmbH (&ldquo;Laeisz&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Hannes Thiede, Managing Director and Chief Operating Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Present principal occupation: Chief Operating Officer of Laeisz</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Volker Redersborg, Managing Director and Chief Financial Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Present principal occupation: Chief Financial Officer of Laeisz</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Joern Scheller, Director, Finance</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Present principal occupation: Director, Finance of Laeisz</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The principal business of Laeisz is to act as
an investment holding company with focus on shipping related businesses. The business address of Laeisz is Trostbruecke 1, 20457 Hamburg,
Germany.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>KG Reederei N. Sch&uuml;es mbH + Co. </U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Unless otherwise noted, the business address of each person listed
below is Trostbruecke 1, 20457 Hamburg, Germany. Each person listed below is a German citizen.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Nikolaus H. Sch&uuml;es, Managing Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Present principal occupation: CEO of Laeisz</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The principal business of Reederei is an investment holding company.
The business address of Reederei is Trostbruecke 1, 20457 Hamburg, Germany.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>tm2517748d1_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B>Exhibit 99.1</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">JOINT FILING AGREEMENT</P>

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<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The undersigned hereby agree to jointly prepare and file with regulatory
authorities this Schedule 13D and any future amendments thereto reporting each of the undersigned&rsquo;s ownership of securities of
Diana Shipping Inc. and hereby affirm that such Schedule 13D is being filed on behalf of each of the undersigned pursuant to and in accordance
with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934. The undersigned acknowledge that each shall be responsible
for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein,
but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that he
or it knows or has reason to believe that such information is inaccurate.</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">June 12, 2025</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Date</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt; text-transform: uppercase">F. Laeisz GmbH</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 2%"><FONT STYLE="font-size: 10pt">By:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 48%">/s/ Hannes Thiede</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Name: Hannes Thiede</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Title: Managing Director/COO</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By:</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Joern Scheller</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Name: Joern Scheller</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title: Director Finance</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt; text-transform: uppercase">KG Reederei N. Sch&uuml;es mbH + Co.</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">By:</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">/s/ Nikolaus H. Sch&uuml;es</P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">Name: Nikolaus H. Sch&uuml;es</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Title: Authorized Signatory</P>


    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid">/s/ Nikolaus H. Sch&uuml;es</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Nikolaus H. Sch&uuml;es</TD></TR>
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