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 September 2005

                               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 
                                ---     ---           


     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") today,  September 6, 2005,
announcing new short term time charter contracts and the purchase of one panamax
bulk carrier.

Exhibit 1

                                                   Corporate Contact:
                                                   Ioannis Zafirakis
                                                   Director and Vice-President
                                                   Telephone: + 30-210-9470100
For Immediate Release
                                                   Investor and Media Relations:
                                                   Edward Nebb
                                                   Euro RSCG Magnet
                                                   Telephone: + 1-212-367-6848

                        DIANA SHIPPING INC. ANNOUNCES TWO
                            ONE PANAMAX BULK CARRIER

ATHENS,  GREECE,  September 6, 2005 - Diana Shipping Inc. (NYSE:  DSX), a global
shipping   transportation  company  specializing  in  dry  bulk  cargoes,  today
announced  that it has  arranged for its Panamax dry bulk  carriers,  Nirefs and
Clio,  to continue  their  employment  under short term charter  contracts  with
B.H.P. Billiton Marketing AG and Cargill International S.A., respectively, under
the following terms:  the Nirefs for a period of approximately  12-15 days, at a
gross rate of  $11,750  per day and the Clio for a period of  approximately  3-5
months,  at a gross rate of $17,500 per day.  Both  vessels are Panamax dry bulk
carriers, the Nirefs of 75,311 dwt built in Korea in 2001 and the Clio of 73,691
dwt built in China in 2005.

The Company further announced that on September 5, 2005, one of its wholly owned
subsidiaries signed a Memorandum of Agreement for the purchase of a Panamax bulk
carrier vessel, the m.v. "BOLINA", for $44,250,000.  The vessel was delivered in
August 2004 from its builder,  Jiangnan  Shipyard  (Group) Co., Ltd in Shanghai,
and is a sister  vessel to three  Panamaxes  already  owned by the Company.  The
purchase  contract also provides for the assumption by the Company's  subsidiary
of the vessel's present time charter at $25,000 per day gross with Messrs. BUNGE
S.A. of Geneva,  Switzerland,  to July 2007.  Diana Shipping expects delivery of
the vessel between October 1, 2005 and December 15, 2005. Upon completion of the
purchase,  the Diana Shipping Inc. fleet will consist of 10 Panamax  vessels and
one Capesize vessel.

The Company also  announced  that in the future it will  continue to issue press
releases relating to all new charters that it enters into for a period of twelve
months or longer,  but will no longer issue press releases  relating to charters
of less than twelve months.

About the Company

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.  Diana  Shipping Inc.  priced its initial  public  offering of
common stock on March 17, 2005.

Cautionary Statement Regarding Forward-Looking Statements

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.

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
"believe," "except," "anticipate," "intends," "estimate," "forecast," "project,"
"plan,"  "potential,"  "will," "may,"  "should,"  "expect" "pending" and similar
expressions identify forward-looking statements.

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,   our  management's  examination  of  historical
operating  trends,  data  contained in our records and other data available from
third parties.  Although we believe that these  assumptions were reasonable when
made,   because  these   assumptions  are  inherently   subject  to  significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control,  we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.

In addition to these important  factors,  other  important  factors that, in our
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
our operating expenses, including bunker prices, drydocking and insurance costs,
the market for our 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,   potential  disruption  of
shipping  routes due to accidents or political  events,  vessels  breakdowns and
instances  of  off-hires  and other  factors.  Please see our  filings  with the
Securities and Exchange  Commission for a more complete  discussion of these and
other risks and uncertainties.

                                      # # #


     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.

Dated:  September 6, 2005                   By:  /s/ Anastassis Margaronis
                                                 Anastassis Margaronis

23159.0003 #599046