Washington, D.C. 20549

                                    FORM 6-K

                OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2007

Commission File Number:  001-32458

                               DIANA SHIPPING INC.
                 (Translation of registrant's name into English)

                Pendelis 16, 175 64 Palaio Faliro, Athens, Greece
                     (Address of principal executive office)

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): ___

Note: Regulation S-T Rule 101(b)(1) only permits the submission in paper of a
Form 6-K if submitted solely to provide an attached annual report to security

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: ___

Note: Regulation S-T Rule 101(b)(7) only permits the submission in paper of a
Form 6-K if submitted to furnish a report or other document that the registrant
foreign private issuer must furnish and make public under the laws of the
jurisdiction in which the registrant is incorporated, domiciled or legally
organized (the registrant's "home country"), or under the rules of the home
country exchange on which the registrant's securities are traded, as long as the
report or other document is not a press release, is not required to be and has
not been distributed to the registrant's security holders, and, if discussing a
material event, has already been the subject of a Form 6-K submission or other
Commission filing on EDGAR.

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 dated April
13, 2007 from Diana Shipping Inc. (the "Company") announcing a follow-on
offering of common stock by the Company and certain of its selling shareholders.

                                                                       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 Exercise of Over-Allotment Option in Follow-on

ATHENS, GREECE, April 13, 2007 - Diana Shipping Inc. (NYSE: DSX) today announced
that the underwriters of its follow-on offering of an aggregate of 10,500,000
common shares, which closed on April 3, 2007, exercised in full an
over-allotment option granted to them by the Company. The Company will sell an
additional 1,575,000 common shares as a result of the over-allotment exercise at
the public offering price of $17.00 per share and will receive additional net
proceeds of $25,570,125. Following the exercise of the over-allotment, the
Company will have 62,875,000 common shares outstanding.

J.P. Morgan Securities Inc. and Wachovia Capital Markets, LLC acted as joint
bookrunning managers of the offering.

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 and related
prospectus supplement. Copies of the prospectus and prospectus supplement
relating to the offering may be obtained from J.P. Morgan Securities Inc. at
National Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS
Level, Brooklyn, NY 11245, telephone: 718-242-8002 or Wachovia Capital Markets,
LLC at 375 Park Avenue, New York, NY 10152, telephone: 800-326-5897.

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.

                                      # # #


     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: April 19, 2007                   By: /s/ Anastassis Margaronis
                                            Anastassis Margaronis

SK 23159 0002 766821