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 August 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  on  August  1,  2006 by Diana  Shipping  Inc.  (the  "Company")
announcing  the  expected  release of the  Company's  financial  results for the
second quarter ended June 30, 2006 and  announcement  of a cash dividend for the
quarter ended June 30, 2006 on August 9, 2006 and the scheduling of a conference
call and  simultaneous  Internet  webcast to review these results for August 10,
2006.



                                         Corporate Contact:
                                         Ioannis Zafirakis
                                         Director and Vice-President
                                         Telephone: + 30-210-9470100
                                         Email: izafirakis@dianashippinginc.com
For Immediate Release
---------------------
                                         Investor and Media Relations:
                                         Edward Nebb
                                         Euro RSCG Magnet
                                         Telephone: + 1-212-367-6848
                                         Email: ed.nebb@eurorscg.com


           DIANA SHIPPING INC. SCHEDULES SECOND QUARTER 2006 EARNINGS
                RELEASE, DIVIDEND DECLARATION AND CONFERENCE CALL


ATHENS,  GREECE,  August 1, 2006 - Diana  Shipping  Inc.  (NYSE:  DSX), a global
shipping   transportation  company  specializing  in  dry  bulk  cargoes,  today
announced that its financial results for the second quarter ended June 30, 2006,
are scheduled to be released  after the close of the U.S.  financial  markets on
Wednesday, August 9, 2006.

     The  declaration  of the Company's cash dividend for the quarter ended June
30, 2006 also will be announced at that time.

     The Company's  management will conduct a conference  call and  simultaneous
Internet  webcast  to  review  these  results  at 9:00  A.M.  (Eastern  Time) on
Thursday, August 10, 2006.

     Investors  may access the  webcast by  visiting  the  Company's  website at
www.dianashippinginc.com,  and clicking on the webcast link. The webcast also is
accessible  at  www.viavid.net,  by  clicking on the Diana  Shipping  link under
"Events".  The  conference  call also may be  accessed by  telephone  by dialing
1-877-692-2086  (for U.S.-based  callers) or 1-973-935-8599  (for  international
callers).

     A replay of the webcast will be available  soon after the completion of the
call and will be accessible on both www.dianashippinginc.com and www.viavid.net.
A telephone replay will be available by dialing  1-877-519-4471  (for U.S.-based
callers) or 1-973-341-3080 (for international callers); callers must use the PIN
number 7673476.

About the Company

     Diana   Shipping Inc.   (NYSE:  DSX)  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.

                                      # # #



                                   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:  August 3, 2006                         By:  /s/ Anastassis Margaronis
                                                  ----------------------------
                                                    Anastassis Margaronis
                                                    President