Washington, D.C. 20549

                                    FORM 6-K

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

For the month of June 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 June
15, 2007 of Diana Shipping Inc. (the "Company") announcing the delivery to the
Company of charter of the newly built drybulk carrier Semirio.

                                                                       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,  June 15, 2007 - Diana  Shipping  Inc.  (NYSE:  DSX),  a global
shipping   transportation  company  specializing  in  dry  bulk  cargoes,  today
announced that on June 14 the Company took delivery of the newly-built  Semirio,
a  174,261  dwt  Capesize  dry  bulk  carrier,   built  by  Shanghai  Waigaoqiao
Shipbuilding Co. Ltd.

As previously  announced,  the Company has entered into a time charter  contract
with BHP Billiton  Marketing AG for the Semirio for a four-year  period with one
year extension at the charterer's option. For the first two years of the charter
the gross  daily  charter  hire rate will be  $51,000  and  during the third and
fourth years of the charter  will be $31,000.  The  charterer  has the option to
employ the vessel for a further  11-13 month  period at a daily  charter rate of
$48,500. The charter commenced today.

During the  initial two years,  this  employment  is expected to generate  gross
revenues of  approximately  $35.7  million  and is  expected  to generate  gross
revenues of $21.7  million  during the third and fourth  years,  amounting  to a
total of $57.4  million.  If the  charterer  exercises  its option for the fifth
year,  the  charter  is  expected  to  generate   aggregate  gross  revenues  of
approximately $74 million over the entire period.

Including the newly-delivered Semirio, the Diana Shipping Inc. fleet currently
consists of 17 vessels (13 Panamax and 4 Capesize). The Company has also
announced one additional Capesize vessel newbuilding, which is expected to be
delivered in November 2007, and two others to be delivered in the second quarter
of 2010. The Company also has agreed to sell one older Capesize vessel. An
up-to-date table describing the Diana Shipping fleet can be found on the
Company's website, www.dianashippinginc.com.

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.

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,"  "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,  vessel  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:  July 02, 2007                   By:    /s/ Anastassis Margaronis
                                               Anastassis Margaronis

SK 23153 0002 788876