UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES
EXCHANGE ACT OF 1934
For
the
month of September 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): ___
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):
INFORMATION
CONTAINED IN THIS FORM 6-K REPORT
Attached
to this Report on Form 6-K as Exhibit 1 is a press release dated September
24,
2007 of Diana Shipping Inc. (the “Company”) announcing that the underwriters of
its previously announced public offering of 10,000,000 common shares have
exercised their over-allotment option in full to purchase an additional
1,500,000 common shares from the Company at a price of $25.00 per
share.
Exhibit
1
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Corporate
Contact:
Ioannis
Zafirakis
Director and Vice-President
Telephone: + 30-210-9470100
izafirakis@dianashippinginc.com
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For
Immediate Release
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Investor
and Media Relations:
Edward Nebb
Euro RSCG Magnet
Telephone: +
1-212-367-6848
ed.nebb@eurorscg.com
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DIANA
SHIPPING INC. ANNOUNCES
EXERCISE
OF
OVER-ALLOTMENT OPTION
ATHENS,
GREECE, September 24, 2007 – Diana Shipping Inc. (NYSE: DSX) announced today
that the underwriters of its previously announced public offering of 10,000,000
common shares have exercised their over-allotment option in full to purchase
an
additional 1,500,000 common shares from the Company at a price of $25.00
per
share. Following the closing of the offering and the exercise of the
over-allotment, the Company will have an aggregate of 74,375,000 common shares
outstanding. All of the shares being are offered by the Company,
including the 1,500,000 common shares to be purchased pursuant to the
over-allotment option, and are expected to be delivered on September 26,
2007.
Wachovia
Capital Markets, LLC and J.P. Morgan Securities Inc. acted as joint bookrunning
managers for the offering.
A
registration statement relating to the common shares 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 Wachovia Capital Markets, LLC at 375 Park Avenue, New York,
NY
10152, telephone: 800-326-5897, or J.P. Morgan Securities Inc. at National
Statement Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level,
Brooklyn, NY 11245, telephone: 718-242-8002.
About
Diana Shipping Inc.
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. The Company currently owns and operates
thirteen
modern Panamax dry bulk carriers and three Capesize dry bulk
carriers. The delivery of one newbuilding Capesize dry bulk carrier
is scheduled for November 2007, with two additional newbuilding Capesize
dry
bulk carriers scheduled for delivery in 2010.
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, 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.
(registrant)
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Dated: September 25,
2007
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By:
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/s/
Anastassis Margaronis
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Anastassis
Margaronis
President
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