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 July 2015
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 holders.

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.




















INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached to this report on Form 6-K as Exhibit 99.1 is a press release dated July 31, 2015 of Diana Shipping Inc. (the "Company") announcing the Company's financial results for the second quarter ended June 30, 2015.
The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statement on Form F-3 (File No. 333-205491) filed with the U.S. Securities and Exchange Commission with an effective date of July 21, 2015.




























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: July 31, 2015
By:
 /s/ Andreas Michalopoulos
   
 Andreas Michalopoulos
 Chief Financial Officer
     



EXHIBIT 99.1

   
Corporate Contact:
   
Ioannis Zafirakis
   
Director, Chief Operating Officer and Secretary
   
Telephone: + 30-210-9470100
   
Email: izafirakis@dianashippinginc.com
   
Website: www.dianashippinginc.com
For Immediate Release
   
   
Investor and Media Relations:
   
Edward Nebb
   
Comm-Counsellors, LLC
   
Telephone: + 1-203-972-8350
   
Email: enebb@optonline.net

DIANA SHIPPING INC. REPORTS FINANCIAL RESULTS
FOR THE SECOND QUARTER AND SIX MONTHS ENDED JUNE 30, 2015

ATHENS, GREECE, July 31, 2015 – Diana Shipping Inc. (NYSE: DSX), (the "Company"), a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.7 million and net loss attributed to common stockholders of $7.2 million reported in the second quarter of 2014.
Time charter revenues were $38.6 million for the second quarter of 2015, compared to $43.2 million for the same quarter of 2014. The decrease in time charter revenues was mainly due to decreased time charter rates in the quarter and was partly offset by revenues derived from the increase in ownership days resulting from the enlargement of our fleet.
Net loss and net loss attributed to common stockholders for the six months ended June 30, 2015 amounted to $24.8 million and $27.7 million, respectively, compared to net loss and net loss attributed to common stock holders of $11.8 million and $14.0 million, respectively, for the same period of 2014. Time charter revenues were $80.6 million for the six months ended June 30, 2015, compared to $84.3 million for the same period of 2014.





 
Fleet Employment Profile (As of July 30, 2015)
 
Currently Diana Shipping Inc.'s fleet is employed as follows:
                 
 
Vessel
Sister Ships*
Gross Rate (USD Per Day)
Com**
Charterers
Delivery Date to Charterers
Redelivery Date to Owners***
Notes
 
BUILT    DWT
                 
 
20 Panamax Bulk Carriers
DANAE
A
$7,650
3.75%
Glencore Grain B.V., Rotterdam
16-Jan-15
16-Dec-15  16-Mar-16
 
2001    75,106
             
DIONE
A
$9,250
5.00%
RWE Supply & Trading GmbH, Essen
12-Sep-14
12-Oct-15 - 27-Feb-16
 
 
2001    75,172
             
NIREFS
A
$7,500
5.00%
Glencore Grain B.V., Rotterdam
25-Dec-14
25-Nov-15  25-Feb-16
 
 
2001    75,311
             
ALCYON
A
$7,750
5.00%
EDF Trading Limited, UK
21-Dec-12
5-Aug-15
2,3
 
2001    75,247
             
TRITON
A
$9,250
5.00%
Glencore Grain B.V., Rotterdam
24-Oct-14
24-Sep-15 - 24-Dec-15
 
 
2001    75,336
             
OCEANIS
A
$4,500
5.00%
Glencore Grain B.V., Rotterdam
22-Mar-15
11-May-15
 
     
$7,200
5.00%
 
11-May-15
22-Feb-16 - 22-May-16
 
 
2001    75,211
             
THETIS
B
$8,300
5.00%
EDF Trading Limited, UK
1-Sep-13
14-Jul-15
 
     
$7,000
5.00%
Norden A/S, Copenhagen
14-Jul-15
14-Jun-16 - 14-Sep-16
 
 
2004    73,583
             
PROTEFS
B
$6,250
5.00%
Glencore Grain B.V., Rotterdam
3-Apr-15
3-Mar-16 - 3-Jun-16
 
 
2004    73,630
             
CALIPSO
B
$8,100
4.75%
Cargill International S.A., Geneva
29-Jul-13
29-Apr-15
     
$4,000
5.00%
Centurion Bulk Pte. Ltd., Singapore
8-May-15
9-Jun-15
     
$6,000
5.00%
China Shipping Bulk Carrier Co., Ltd., Hong Kong
9-Jun-15
9-Apr-16 - 9-Aug-16
 
 
2005    73,691
             
10 
CLIO
B
$8,600
4.75%
Cargill International S.A., Geneva
22-Aug-13
29-May-15
 
     
$4,500
5.00%
Jaldhi Overseas Pte Ltd, Singapore
1-Jun-15
4-Aug-15
     
$6,500
5.00%
Transgrain Shipping B.V., Rotterdam
4-Aug-15
4-May-16 - 4-Aug-16
 
2005    73,691
             
11 
NAIAS
B
$8,500
5.00%
Bunge S.A., Geneva
3-Sep-14
12-Jul-15
 
     
$6,800
4.75%
Cargill International S.A., Geneva
12-Jul-15
12-May-16 - 12-Aug-16
 
 
2006    73,546
             



 
Fleet Employment Profile (As of July 30, 2015)
 
Currently Diana Shipping Inc.'s fleet is employed as follows:
                 
 
Vessel
Sister Ships*
Gross Rate (USD Per Day)
Com**
Charterers
Delivery Date to Charterers
Redelivery Date to Owners***
Notes
 
BUILT    DWT
                 
 
20 Panamax Bulk Carriers
12 
ARETHUSA
B
$7,100
5.00%
Glencore Grain B.V., Rotterdam
5-Mar-15
5-Feb-16 - 5-May-16
 
 
2007     73,593
             
13 
ERATO
C
$7,100
5.00%
Glencore Grain B.V., Rotterdam
9-Mar-15
9-Feb-16 - 9-May-16
 
 
2004    74,444
             
14 
CORONIS
C
$11,550
5.00%
Oberon Holdings Limited
12-Jun-14
4-May-15
8,9
     
$5,300
5.00%
Norvic Shipping North America Inc., Toronto
29-May-15
3-Jul-15
 
     
$6,500
5.00%
Sandgate Maritime Ltd
3-Jul-15
3-Apr-16 - 3-Jul-16
 
 
2006    74,381
             
15 
MELITE
D
$7,250
5.00%
Glencore Grain B.V., Rotterdam
29-Jan-15
29-Sep-15 - 29-Jan-16
 
 
2004     76,436
             
16 
MELIA
D
$12,000
3.75%
Rio Tinto Shipping Pty, Ltd., Melbourne
10-May-14
7-Apr-15
10 
     
$5,050
5.00%
Bunge S.A., Geneva
9-Apr-15
19-May-15
 
     
$7,050
5.00%
 
19-May-15
9-Aug-15 - 9-Nov-15
 
 
2005     76,225
             
17 
ARTEMIS
 
$9,375
3.75%
Rio Tinto Shipping Pty, Ltd., Melbourne
26-Aug-13
17-Jul-15
11 
 
2006     76,942
             
18 
LETO
 
$11,350
4.75%
Cargill International S.A., Geneva
19-Jul-14
19-Jun-15
 
     
$7,100
4.75%
 
19-Jun-15
4-Sep-16 - 3-Jan-17
 
 
2010     81,297
             
19 
CRYSTALIA
E
$15,800
5.00%
Glencore Grain B.V., Rotterdam
21-Feb-14
21-Aug-15 - 21-Nov-15
 
 
2014    77,525
             
20 
ATALANDI
E
$13,500
5.00%
Glencore Grain B.V., Rotterdam
13-May-14
21-Apr-15
 
     
$7,000
5.00%
 
21-Apr-15
21-May-15
 
     
$8,000
5.00%
 
21-May-15
21-Mar-16 - 21-Jun-16
 
 
2014    77,529
             
 
4 Kamsarmax Bulk Carriers
21 
MAIA
F
$12,000
5.00%
RWE Supply & Trading GmbH, Essen
29-Sep-14
29-Sep-15 - 29-Jan-16
12 
 
2009     82,193
             
22 
MYRSINI
F
$8,250
4.75%
Clearlake Shipping Pte. Ltd., Singapore
18-Feb-15
18-Dec-15 - 18-Apr-16
13,14
 
2010     82,117
             
23 
MEDUSA
F
$7,450
4.75%
Clearlake Shipping Pte. Ltd., Singapore
2-Jun-15
2-Apr-16 - 2-Aug-16
13 
 
2010     82,194
             
24 
MYRTO
F
$9,850
5.00%
Glencore Grain B.V., Rotterdam
5-Jan-15
5-Dec-15 - 5-Mar-16
 
 
2013     82,131
             




 
Fleet Employment Profile (As of July 30, 2015)
 
Currently Diana Shipping Inc.'s fleet is employed as follows:
                 
 
Vessel
Sister Ships*
Gross Rate (USD Per Day)
Com**
Charterers
Delivery Date to Charterers
Redelivery Date to Owners***
Notes
 
BUILT    DWT
                 
 
3 Post-Panamax Bulk Carriers
25 
ALCMENE
 
$6,000
5.00%
Topsail Shipping Co., Limited Hong Kong
15-Mar-15
13-Apr-15
 
     
$6,750
5.00%
ADM International Sarl, Rolle, Switzerland
13-May-15
13-Feb-17 - 2-Jun-17
 
 
2010     93,193
             
26 
AMPHITRITE
G
$11,300
5.00%
Bunge S.A., Geneva
15-Aug-14
15-Jul-15
 
     
$7,700
5.00%
 
15-Jul-15
30-Apr-17 - 30-Aug-17
 
 
2012     98,697
             
27 
POLYMNIA
G
$7,500
5.00%
Vroon Dry Cargo Chartering B.V., Breskens
17-Jan-15
17-Oct-15 - 17-Feb-16
15 
 
2012    98,704
             
 
12 Capesize Bulk Carriers
28 
NORFOLK
 
$10,250
4.75%
Clearlake Shipping Pte. Ltd., Singapore
4-Mar-15
4-Apr-16 - 4-Aug-16
13 
 
2002    164,218
             
29 
ALIKI
 
$26,500
5.00%
Minmetals Logistics Group Co. Ltd., Beijing
1-Mar-11
1-Feb-16 - 1-Apr-16
 
 
2005    180,235
             
30 
BALTIMORE
 
$15,000
5.00%
RWE Supply & Trading GmbH, Essen
8-Jul-13
8-Jul-16 - 8-Jan-17
 
 
2005    177,243
             
31 
SALT LAKE CITY
 
BCI 4TCs AVG + 3.5%
5.00%
K Noble Hong Kong Ltd., Hong Kong
7-Feb-15
7-Nov-16 - 7-Feb-17
16 
 
2005    171,810
             
32 
SIDERIS GS
H
$10,000
5.00%
Rio Tinto Shipping (Asia) Pte., Ltd., Singapore
22-Feb-15
22-Dec-15 - 22-Apr-16
 
 
2006    174,186
             
33 
SEMIRIO
H
$10,000
5.00%
Rio Tinto Shipping (Asia) Pte., Ltd., Singapore
20-Feb-15
20-Feb-16 - 20-Jun-16
 
 
2007    174,261
             
34 
BOSTON
H
$14,250
4.75%
Clearlake Shipping Pte. Ltd., Singapore
24-Aug-13
9-Aug-15
 
13 
     
$13,000
4.75%
 
9-Aug-15
25-May-17 - 24-Oct-17
 
 
2007    177,828
             
35 
HOUSTON
H
$12,750
5.00%
RWE Supply & Trading GmbH, Essen
4-Jan-15
4-Jan-16 - 4-Apr-16
 
 
2009    177,729
             
36 
NEW YORK
H
$12,850
4.75%
Clearlake Shipping Pte. Ltd., Singapore
17-Dec-14
17-Feb-16 - 17-Jun-16
13 
                 
 
2010    177,773
             
37 
P. S. PALIOS
 
$18,350
5.00%
RWE Supply & Trading GmbH, Essen
3-Dec-13
18-Sep-15
 
     
$13,000
5.00%
 
18-Sep-15
31-Dec-16 - 31-Mar-17
 
 
2013    179,134
             
38 
G. P. ZAFIRAKIS
I
$25,250
5.00%
RWE Supply & Trading GmbH, Essen
23-Aug-14
14-Feb-16 - 23-Jun-16
 
 
2014    179,492
             
39 
SANTA BARBARA
I
$12,000
5.00%
RWE Supply & Trading GmbH, Essen
13-Jan-15
13-Dec-15 - 13-Mar-16
 
 
2015     179,426
             


 
Fleet Employment Profile (As of July 30, 2015)
 
Currently Diana Shipping Inc.'s fleet is employed as follows:
                 
 
Vessel
Sister Ships*
Gross Rate (USD Per Day)
Com**
Charterers
Delivery Date to Charterers
Redelivery Date to Owners***
Notes
 
BUILT    DWT
                 
 
2 Newcastlemax Bulk Carriers
40 
LOS ANGELES
J
$18,000
5.00%
EDF Trading Limited, UK
9-Feb-12
9-Dec-15 - 9-Apr-16
 
 
2012    206,104
             
41 
PHILADELPHIA
J
$18,000
5.00%
EDF Trading Limited, UK
17-May-12
17-Jan-16 - 17-Jul-16
 
 
2012    206,040
             
 
4 Vessels Under Construction
42 
HULL No. H1364
 
-
-
-
-
- - -
17 
(tbn. NEW ORLEANS)
           
 
2015    180,000
             
43 
HULL DY6006
 
-
-
-
-
- - -
18 
 
2016   82,000
             
44 
HULL H2548
K
-
-
-
-
- - -
18 
(tbn. SAN FRANCISCO)
           
 
2016   208,500
             
45 
HULL H2549
K
-
-
-
-
- - -
18 
 
(tbn. NEWPORT NEWS)
  2016    208,500
 
 
* Each dry bulk carrier is a "sister ship", or closely similar, to other dry bulk carriers that have the same letter.
 
** Total commission percentage paid to third parties.
 
*** Range of redelivery dates, with the actual date of redelivery being at the Charterers' option, but subject to the terms, conditions, and exceptions of the particular charterparty.
 
 
1 Vessel off hire for unscheduled maintenance from April 1, 2015 to April 6, 2015.
 
2 Based on latest information.
 
3 In May 2015, owners and charterers mutually agreed to extend the maximum redelivery date.
 
4 During April 2015, the vessel was off hire for drydocking for approximately 21 days.
 
5 Charter included a one time gross ballast bonus payment of US$50,000.
 
6 Estimated redelivery date from the charterers.
 
7 Estimated delivery date to the charterers.
 
8 Charterers have agreed to compensate the owners for the early redelivery of the vessel on around May 4, 2015 until the minimum agreed redelivery date May 12, 2015.
 
9 Vessel on scheduled drydocking from May 4, 2015 to May 26, 2015.
 
10 Rio Tinto Shipping Pty, Ltd., Melbourne has agreed to compensate the owners for the early redelivery of the vessel on April 7, 2015 until the minimum agreed redelivery date April 10, 2015.
 
11 Currently without an active charterparty. Vessel on scheduled drydocking.
 
12 During April 2015, the vessel was off hire for approximately 6 days.
 
13 Clearlake Shipping Pte. Ltd., Singapore is a member of the Gunvor Group.
 
14 Vessel off hire for drydocking from May 6, 2015 to May 28, 2015.
 
15 Charter includes a one time gross ballast bonus payment of US$237,500.
 
16 Vessel off hire for drydocking from June 1, 2015 to June 21, 2015.
 
17 Expected date of delivery to the Company during October 2015.
 
18 Year of delivery and dwt are based on shipbuilding contract.



Summary of Selected Financial & Other Data (unaudited)
 
   
Three months ended June 30,
   
Six months ended June 30,
 
   
2015
   
2014
   
2015
   
2014
 
                 
STATEMENT OF OPERATIONS DATA (in thousands of US Dollars):
 
Time charter revenues
 
$
38,569
   
$
43,150
   
$
80,575
   
$
84,295
 
Voyage expenses
   
4,127
     
2,241
     
9,052
     
4,640
 
Vessel operating expenses
   
21,333
     
21,934
     
43,122
     
42,590
 
Net loss
   
(14,058
)
   
(5,748
)
   
(24,820
)
   
(11,775
)
Net loss attributed to common stockholders
   
(15,500
)
   
(7,190
)
   
(27,705
)
   
(13,970
)
FLEET DATA
 
Average number of vessels
   
40.3
     
37.5
     
40.1
     
37.0
 
Number of vessels
   
41.0
     
38.0
     
41.0
     
38.0
 
Weighted average age of vessels
   
7.2
     
6.8
     
7.2
     
6.8
 
Ownership days
   
3,670
     
3,417
     
7,258
     
6,697
 
Available days
   
3,583
     
3,379
     
7,103
     
6,657
 
Operating days
   
3,519
     
3,371
     
7,006
     
6,609
 
Fleet utilization
   
98.2
%
   
99.8
%
   
98.6
%
   
99.3
%
AVERAGE DAILY RESULTS
 
Time charter equivalent (TCE) rate (1)
 
$
9,613
   
$
12,107
   
$
10,069
   
$
11,966
 
Daily vessel operating expenses (2)
 
$
5,813
   
$
6,419
   
$
5,941
   
$
6,360
 

                                        
(1) Time charter equivalent rates, or TCE rates, are defined as our time charter revenues less voyage expenses during a period divided by the number of our available days during the period, which is consistent with industry standards.  Voyage expenses include port charges, bunker (fuel) expenses, canal charges and commissions.  TCE is a non-GAAP measure.  TCE rate is a standard shipping industry performance measure used primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day amounts while charter hire rates for vessels on time charters are generally expressed in such amounts.

(2) Daily vessel operating expenses, which include crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the costs of spares and consumable stores, tonnage taxes and other miscellaneous expenses, are calculated by dividing vessel operating expenses by ownership days for the relevant period.

Conference Call and Webcast Information

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 Friday, July 31, 2015.

Investors may access the webcast by visiting the Company's website at www.dianashippinginc.com, and clicking on the webcast link. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for international callers), and asking the operator for the Diana Shipping Inc. conference call.

A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on www.dianashippinginc.com. A telephone replay also will be available for 30 days by dialing 1-877-660-6853 (for U.S.-based callers) or 1-201-612-7415 (for international callers), and providing the Replay ID number 13614338.

About the Company

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company's vessels are employed primarily on medium to long-term time charters and transport a range of 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," "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.

(See financial tables attached)



DIANA SHIPPING INC.
 
FINANCIAL TABLES
 
Expressed in thousands of U.S. Dollars, except share and per share data
 
                 
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
 
                 
   
Three months ended June 30,
   
Six months ended June 30,
 
   
2015
   
2014
   
2015
   
2014
 
                 
REVENUES:
               
Time charter revenues
 
$
38,569
   
$
43,150
   
$
80,575
   
$
84,295
 
                                 
EXPENSES:
                               
Voyage expenses
   
4,127
     
2,241
     
9,052
     
4,640
 
Vessel operating expenses
   
21,333
     
21,934
     
43,122
     
42,590
 
Depreciation and amortization of deferred charges
   
18,818
     
17,340
     
37,264
     
34,214
 
General and administrative expenses
   
6,185
     
6,285
     
11,897
     
12,533
 
Foreign currency loss / (gain)
   
44
     
(85
)
   
(481
)
   
(150
)
Operating loss
   
(11,938
)
   
(4,565
)
   
(20,279
)
   
(9,532
)
                                 
OTHER INCOME / (EXPENSES):
                               
Interest and finance costs
   
(3,351
)
   
(2,103
)
   
(5,893
)
   
(4,063
)
Interest and other income
   
928
     
939
     
1,801
     
1,844
 
Income from derivative instruments
   
-
     
72
     
-
     
68
 
Gain / (loss) from investment in Diana Containerships Inc.
   
303
     
(91
)
   
(449
)
   
(92
)
Total other expenses, net
   
(2,120
)
   
(1,183
)
   
(4,541
)
   
(2,243
)
                                 
Net loss
   
(14,058
)
   
(5,748
)
   
(24,820
)
   
(11,775
)
                                 
Dividends on series B preferred shares
   
(1,442
)
   
(1,442
)
   
(2,885
)
   
(2,195
)
                                 
Net loss attributed to common stockholders
   
(15,500
)
   
(7,190
)
   
(27,705
)
   
(13,970
)
                                 
Loss per common share, basic and diluted
 
$
(0.19
)
 
$
(0.09
)
 
$
(0.35
)
 
$
(0.17
)
                                 
Weighted average number of common shares, basic and diluted
   
79,562,705
     
82,113,536
     
79,412,074
     
81,924,654
 
                                 
   
Three months ended June 30,
   
Six months ended June 30,
 
     
2015
     
2014
     
2015
     
2014
 
Net loss
 
$
(14,058
)
 
$
(5,748
)
 
$
(24,820
)
 
$
(11,775
)
Comprehensive loss
 
$
(14,058
)
 
$
(5,748
)
 
$
(24,820
)
 
$
(11,775
)









CONDENSED CONSOLIDATED BALANCE SHEET DATA (unaudited)
     
(in thousands of U.S. Dollars)
     
         
   
June, 30, 2015
   
December 31, 2014
 
ASSETS
       
         
Cash and cash equivalents
 
$
274,751
   
$
218,901
 
Other current assets
   
16,620
     
19,333
 
Advances for vessels under construction and acquisitions and other vessel costs
   
37,814
     
29,500
 
Vessels' net book value
   
1,405,826
     
1,373,133
 
Other fixed assets, net
   
23,714
     
23,887
 
Due from related parties, non-current
   
51,180
     
50,866
 
Investment in Diana Containerships Inc.
   
67,151
     
67,546
 
Other non-current assets
   
5,526
     
3,956
 
Total assets
 
$
1,882,582
   
$
1,787,122
 
                 
LIABILITIES AND STOCKHOLDERS' EQUITY
               
                 
Current liabilities, including current portion of long-term debt, net of deferred financing costs, current
 
$
82,409
   
$
98,092
 
Long-term debt, net of current portion and deferred financing costs, non-current
   
543,020
     
405,522
 
Other non-current liabilities
   
1,267
     
1,282
 
Total stockholders' equity
   
1,255,886
     
1,282,226
 
Total liabilities and stockholders' equity
 
$
1,882,582
   
$
1,787,122
 

OTHER FINANCIAL DATA (unaudited)
 
   
Three months ended June 30,
   
Six months ended June 30,
 
   
2015
   
2014
   
2015
   
2014
 
                 
 Net Cash provided by operating activities
 
$
5,833
   
$
11,163
   
$
14,266
   
$
20,800
 
 Net Cash used in investing activities
   
(29,262
)
   
(19,223
)
   
(76,867
)
   
(38,261
)
 Net Cash provided by financing activities
 
$
67,156
   
$
9,760
   
$
118,451
   
$
85,934