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 March 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
                                   ---      ---


     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  March 8,  2006,
announcing  the  appointment  of Andreas  Michalopoulos  as the Company's  Chief
Financial  Officer and Treasurer  and the  appointment  of the Company's  former
Chief Financial  Officer to the position of Vice President and Head of Corporate

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

                  Diana Shipping Inc. Announces Appointment of
                Andreas Michalopoulos as Chief Financial Officer

ATHENS,  GREECE, March 8, 2006 - Diana Shipping Inc. (NYSE: DSX) today announced
that Andreas  Michalopoulos  has been appointed as the Company's Chief Financial
Officer and  Treasurer.  Konstantine  Koutsomitopoulos,  formerly  Diana's Chief
Financial Officer and Treasurer,  has been named Diana's Vice President and Head
of Corporate Development.

Andreas Michalopoulos, age 35, was formerly International Corporate Auditor with
Nestle SA,  (Switzerland)  then  Associate  Consultant for McKinsey and Company,
(France) and Vice President International Business Development and Member of the
Executive Committee of Lavipharm SA, (Greece-USA). He then joined Diana Shipping
Agencies as Projects Manager. Mr. Michalopoulos graduated from Paris IX Dauphine
University  obtaining an MSc in  Economics  and a Masters  degree in  Management
Sciences  specialised  in Finance.  He has also  obtained an MBA in Finance from
Imperial College, University of London.

Diana's Chairman and Chief Executive  Officer,  Simeon Palios,  stated:  "We are
delighted to have Andreas  Michalopoulos as our Chief Financial Officer,  and to
continue to call upon  Konstantine  Koutsomitopoulos  as our Vice  President and
Head of  Corporate  Development.  We believe that the  involvement  of these two
professionals  will contribute to our continued strong financial  management and
will enhance our strategic growth direction".

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.  Acquisitions  may also be subject to
closing  conditions.  Please see our filings  with the  Securities  and Exchange
Commission  for a  more  complete  discussion  of  these  and  other  risks  and

                                      # # #


     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:  March 8, 2006                        By:  /s/ Anastassis Margaronis
                                                  Anastassis Margaronis

SK 23159 0001 650702