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 2007

                        Commission File Number: 001-32458

                               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 of Form 20-F or Form 40-F.

Form 20-F [X]     Form 40-F [_]

Indicate by check mark if the  registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ___

Indicate by check mark if the  registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)7: ____

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]

If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): ____.


     Attached to this Report on Form 6-K as Exhibit 1 is a press release  issued
by Diana Shipping Inc. (the "Company") on March 2, 2007 announcing off-hire days
in connection with an incident pertaining to the Coronis.

     This  Report  on  Form  6-K  is  hereby  incorporated  into  the  Company's
registration  statement  on Form F-3  (File  no.  333-139306)  that was filed on
December 13, 2006.

                                                                  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


ATHENS,  GREECE,  March 2, 2007 - Diana  Shipping  Inc.  (NYSE:  DSX),  a global
shipping company  specializing in the transportation of dry bulk cargoes,  today
announced  that the  employment  of one of its  Panamax  bulk  carriers,  the MV
Coronis,  has been  temporarily  disrupted due to a grounding  incident during a
ballast  trip  towards  her next  loading  port in the  Baltic  Sea.  The vessel
suffered minor damage to the hull with no pollution resulting from the grounding
and subsequent re-floating.

The vessel is on her way to a ship  repair  yard in Poland for  dry-docking  and
hull repairs.

The ballast trip  together  with delays  caused by the  incident and  consequent
repairs are expected to result in approximately  22 days off-hire,  which can be
translated  into an  approximately  $605,000  reduction in the  Company's  gross
revenues.  The repair and other  expenses are  currently  estimated to be in the
region of $500,000.  All repair costs and related expenses in excess of $100,000
are  expected to be covered  under the  vessel's  Hull and  Machinery  Insurance

The MV Coronis is a 74,381 dwt Panamax dry bulk carrier built in 2006.

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.

Cautionary Statement Regarding Forward-Looking Statement

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,"  "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:  March 5, 2007                         By:  /s/ Anastassis Margaronis
                                                   Anastassis Margaronis

SK 23159 0002 753182