FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of June 2006
DIANA SHIPPING INC.
(Translation of registrant's name into English)
Diana Shipping Inc.
Pendelis 16
175 64 Palaio Faliro
Athens, Greece
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [_]
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [_] No [X]
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Attached to this Report on Form 6-K as Exhibit 1 is a copy of the press
release issued by Diana Shipping Inc. (the "Company") on June 9, 2006, with
respect to its follow-on offering.
Exhibit 1
Corporate Contact:
Ioannis Zafirakis
Director and Vice-President
Telephone: + 30-210-9470100
izafirakis@dianashippinginc.com
For Immediate Release
Investor and Media Relations:
Edward Nebb
Euro RSCG Magnet
Telephone: + 1-212-367-6848
ed.nebb@eurorscg.com
Diana Shipping Inc. Announces Completion of Follow-On Offering
and Signing of Option to Acquire New Vessel
ATHENS, GREECE, June 9, 2006 - Diana Shipping Inc. (NYSE: DSX) today announces
the completion of its follow-on offering of 7,000,000 shares of common stock
priced at $9.50 per share.
Bear, Stearns & Co. Inc. and Wachovia Capital Markets, LLC are the joint global
coordinators and joint book-running managers for the offering.
In connection with the offering, the underwriters have been granted a 30-day
option to purchase up to 1,050,000 additional shares of the Company's common
stock to cover any over-allotments.
A registration statement relating to these securities has been filed with and
declared effective by the Securities and Exchange Commission. This communication
shall not constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of such jurisdiction. The offering of
these securities will be made only by means of a prospectus. A copy of the final
prospectus may be obtained from the offices of Bear, Stearns & Co. Inc. at 383
Madison Avenue, New York, New York 10179, Attention: Prospectus Department.
The Company also announces that on June 5, 2006, it entered into an agreement
pursuant to which it was granted the option to acquire a newly built Panamax dry
bulk carrier, which it expects to take delivery of in July 2006.
About Diana Shipping Inc.
-------------------------
Diana Shipping Inc. is a global provider of shipping transportation services.
The Company specializes in transporting dry bulk cargoes, including such
commodities as iron ore, coal, grain and other materials along worldwide
shipping routes. The Company currently owns twelve modern Panamax bulk carriers
and one modern Capesize bulk carrier. Diana Shipping Inc. priced its initial
public offering of common stock on March 17, 2005.
SIGNATURES
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.
DIANA SHIPPING INC.
(registrant)
Dated: June 9, 2006 By: /s/ Anastassis Margaronis
--------------------------
Anastassis Margaronis
President
SK 23159 0002 677360