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 November 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 November 12, 2015 of Diana Shipping Inc. (the "Company") announcing the Company's financial results for the third quarter and three months ended September 30, 2015 and the delivery of the m/v New Orleans.
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: November 12, 2015
By:
 /s/ Anastassis Margaronis
   
 Anastassis Margaronis
 President
     
 
 

 

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 THIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2015

ANNOUNCES DELIVERY OF THE NEWLY BUILT CAPESIZE DRY BULK VESSEL M/V NEW ORLEANS AND
COMMENCEMENT OF TIME CHARTER CONTRACT WITH SWISSMARINE

ATHENS, GREECE, November 12, 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 $17.4 million and net loss attributed to common stockholders of $18.8 million for the third quarter of 2015, compared to net income of $7.7 million and net income attributed to common stockholders of $6.3 million reported in the third quarter of 2014.
Time charter revenues were $38.9 million for the third quarter of 2015, compared to $45.1 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 nine months ended September 30, 2015 amounted to $42.2 million and $46.5 million, respectively, compared to net loss and net loss attributed to common stockholders of $4.0 million and $7.7 million, respectively, for the same period of 2014. Time charter revenues were $119.4 million for the nine months ended September 30, 2015, compared to $129.4 million for the same period of 2014.
Delivery of the Newly Built m/v New Orleans and Commencement of Time Charter Contract with SwissMarine
The Company also announced that, on November 10, 2015, through a separate wholly-owned subsidiary, it took delivery of the m/v New Orleans (formerly Hull No. H1364), a 180,960 dwt newly built Capesize dry bulk vessel that the Company entered into an agreement to purchase in April 2015. As previously announced, the m/v New Orleans is time chartered to SwissMarine Services S.A., Geneva, at a gross charter rate of US$11,650 per day minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to about fifteen (15) months. The charter commenced yesterday.
This employment is anticipated to generate approximately US$3.84 million of gross revenue for the minimum scheduled period of the time charter.
Including the newly delivered m/v New Orleans, Diana Shipping Inc.'s fleet currently consists of 42 dry bulk vessels (2 Newcastlemax, 13 Capesize, 3 Post-Panamax, 4 Kamsarmax and 20 Panamax). The Company also expects to take delivery of one Capesize dry bulk vessel by mid-November 2015, one new-building Newcastlemax dry bulk vessel during the second quarter of 2016, as well as one new-building Kamsarmax dry bulk vessel and one new-building Newcastlemax dry bulk vessel during the third quarter of 2016. As of today, the combined carrying capacity of the Company's fleet, excluding the four vessels not yet delivered, is approximately 4.8 million dwt with a weighted average age of 7.3 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company's website, www.dianashippinginc.com. Information contained on the Company's website does not constitute a part of this press release.


 
Fleet Employment Profile (As of November 12, 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
26-Nov-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
6-Aug-15
4,5
     
$7,600
5.00%
Transgrain Shipping B.V., Rotterdam
22-Aug-15
22-Apr-16 - 22-Jul-16
 
 
2001    75,247
             
TRITON
A
$9,250
5.00%
Glencore Grain B.V., Rotterdam
24-Oct-14
6-Oct-15
 
     
$6,800
5.00%
28-Oct-15
13-Sep-16 - 28-Dec-16
 
 
2001    75,336
             
OCEANIS
A
$7,200
5.00%
Glencore Grain B.V., Rotterdam
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
$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
$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
             
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
$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
13-Oct-15
 
     
$7,250
4.75%
Cargill International S.A., Geneva
13-Oct-15
13-Sep-16 - 13-Dec-16
 
 
2004     76,436
             
16 
MELIA
D
$7,050
5.00%
Bunge S.A., Geneva
19-May-15
24-Oct-15
 
     
$7,200
5.00%
Nidera S.P.A., Roma
24-Oct-15
24-Nov-16 - 24-Feb-17
 
 
2005     76,225
             
17 
ARTEMIS
 
$9,375
3.75%
Rio Tinto Shipping Pty, Ltd., Melbourne
26-Aug-13
17-Jul-15
     
$7,500
5.00%
China Shipping Bulk Carrier Co., Ltd., Hong Kong
16-Aug-15
16-May-16 - 16-Aug-16
 
 
2006     76,942
             
18 
LETO
 
$7,100
4.75%
Cargill International S.A., Geneva
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
29-Aug-15
 
     
$9,000
5.00%
29-Aug-15
29-Jun-16 - 29-Sep-16
 
 
2014    77,525
             
20 
ATALANDI
E
$8,000
5.00%
Glencore Grain B.V., Rotterdam
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
14-Nov-15
 
     
$7,500
5.00%
 
14-Nov-15
14-Apr-17 - 14-Jul-17
 
 
2009     82,193
             
22 
MYRSINI
F
$8,250
4.75%
Clearlake Shipping Pte. Ltd., Singapore
18-Feb-15
18-Dec-15 - 18-Apr-16
 
2010     82,117
             
23 
MEDUSA
F
$7,450
4.75%
Clearlake Shipping Pte. Ltd., Singapore
2-Jun-15
2-Apr-16 - 2-Aug-16
 
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
             
 
3 Post-Panamax Bulk Carriers
25 
ALCMENE
 
$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
24-Nov-15 - 17-Feb-16
2,10
 
2012    98,704
             
 
14 Capesize Bulk Carriers
28 
NORFOLK
 
$10,250
4.75%
Clearlake Shipping Pte. Ltd., Singapore
4-Mar-15
4-Apr-16 - 4-Aug-16
 
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
 
 
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
 
     
$13,000
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
 
2010    177,773
             
37 
CHURCHILL BULKER
I
-
-
-
-
- - -
11 
 
(tbr. SEATTLE)
             
 
2011     179,362
             
38 
P. S. PALIOS
I
$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
             
39 
G. P. ZAFIRAKIS
J
$25,250
5.00%
RWE Supply & Trading GmbH, Essen
23-Aug-14
14-Feb-16 - 23-Jun-16
 
 
2014    179,492
             
40 
SANTA BARBARA
J
$12,000
5.00%
RWE Supply & Trading GmbH, Essen
13-Jan-15
13-Dec-15 - 13-Jan-16
 
2015     179,426
             
41 
NEW ORLEANS
 
$11,650
5.00%
SwissMarine Services S.A., Geneva
11-Nov-15
11-Oct-16 - 26-Feb-17
 
 
2015    180,960
             


 
2 Newcastlemax Bulk Carriers
42 
LOS ANGELES
K
$18,000
5.00%
EDF Trading Limited, UK
9-Feb-12
9-Dec-15 - 9-Jan-16
 
2012    206,104
             
43 
PHILADELPHIA
K
$18,000
5.00%
EDF Trading Limited, UK
17-May-12
17-Jan-16 - 17-Jul-16
 
 
2012    206,040
             
 
3 Vessels Under Construction
44 
HULL DY6006
 
-
-
-
-
- - -
12 
 
2016   82,000
             
45 
HULL H2548
L
-
-
-
-
- - -
12 
 
(tbn. SAN FRANCISCO)
             
 
2016   208,500
             
46 
HULL H2549
L
-
-
-
-
- - -
12 
 
(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.
***
In case of newly acquired vessel with time charter attached, this date refers to the expected/actual date of delivery of the vessel to the Company.
****
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 drydocking from September 13, 2015 to October 6, 2015.
2
Based on latest information.
3
Vessel off-hire for drydocking from August 9, 2015 to August 21, 2015.
4
In May 2015, owners and charterers mutually agreed to extend the maximum redelivery date.
5
Vessel on scheduled drydocking from August 6, 2015 to August 22, 2015.
6
Vessel on scheduled drydocking from October 6, 2015 to October 28, 2015.
7
Vessel on scheduled drydocking from July 17, 2015 to August 16, 2015.
8
Estimated date.
9
Clearlake Shipping Pte. Ltd., Singapore is a member of the Gunvor Group.
10
Charter includes a one time gross ballast bonus payment of US$237,500.
11
Expected date of delivery to the Company by mid-November 2015.
12
Year of delivery and dwt are based on shipbuilding contract.



Summary of Selected Financial & Other Data (unaudited)
 
   
Three months ended September 30,
   
Nine months ended September 30,
 
   
2015
   
2014
   
2015
   
2014
 
                 
STATEMENT OF OPERATIONS DATA (in thousands of US Dollars):
 
Time charter revenues
 
$
38,852
   
$
45,147
   
$
119,427
   
$
129,442
 
Voyage expenses
   
3,053
     
2,568
     
12,105
     
7,207
 
Vessel operating expenses
   
21,573
     
21,997
     
64,695
     
64,587
 
Net income / (loss)
   
(17,396
)
   
7,742
     
(42,216
)
   
(4,033
)
Net income / (loss) attributed to common stockholders
   
(18,838
)
   
6,300
     
(46,543
)
   
(7,671
)
FLEET DATA
 
Average number of vessels
   
41.0
     
38.4
     
40.4
     
37.5
 
Number of vessels
   
41.0
     
39.0
     
41.0
     
39.0
 
Weighted average age of vessels
   
7.5
     
6.8
     
7.5
     
6.8
 
Ownership days
   
3,772
     
3,537
     
11,030
     
10,234
 
Available days
   
3,695
     
3,463
     
10,798
     
10,120
 
Operating days
   
3,691
     
3,454
     
10,697
     
10,063
 
Fleet utilization
   
99.9
%
   
99.7
%
   
99.1
%
   
99.4
%
AVERAGE DAILY RESULTS
 
Time charter equivalent (TCE) rate (1)
 
$
9,688
   
$
12,295
   
$
9,939
   
$
12,079
 
Daily vessel operating expenses (2)
 
$
5,719
   
$
6,219
   
$
5,865
   
$
6,311
 

_____________________
(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 Thursday, November 12, 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 13624218.

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 INCOME / (LOSS)

   
Three months ended September 30,
   
Nine months ended September 30,
 
   
2015
   
2014
   
2015
   
2014
 
                 
REVENUES:
               
Time charter revenues
 
$
38,852
   
$
45,147
   
$
119,427
   
$
129,442
 
                                 
EXPENSES:
                               
Voyage expenses
   
3,053
     
2,568
     
12,105
     
7,207
 
Vessel operating expenses
   
21,573
     
21,997
     
64,695
     
64,587
 
Depreciation and amortization of deferred charges
   
19,274
     
17,998
     
56,538
     
52,212
 
General and administrative expenses
   
5,977
     
6,203
     
17,874
     
18,736
 
Management fees to related party
   
85
     
-
     
85
     
-
 
Foreign currency gain
   
(77
)
   
(130
)
   
(558
)
   
(280
)
Operating loss
   
(11,033
)
   
(3,489
)
   
(31,312
)
   
(13,020
)
                                 
OTHER INCOME / (EXPENSES):
                               
Interest and finance costs
   
(4,791
)
   
(2,198
)
   
(10,684
)
   
(6,261
)
Interest and other income
   
834
     
899
     
2,635
     
2,742
 
Income from derivative instruments
   
-
     
-
     
-
     
68
 
Income / (loss) from equity method investments
   
(2,406
)
   
12,530
     
(2,855
)
   
12,438
 
Total other income / (expenses), net
   
(6,363
)
   
11,231
     
(10,904
)
   
8,987
 
                                 
Net Income / (loss)
   
(17,396
)
 
$
7,742
   
$
(42,216
)
 
$
(4,033
)
                                 
Dividends on series B preferred shares
   
(1,442
)
   
(1,442
)
   
(4,327
)
   
(3,638
)
                                 
Net income / (loss) attributed to common stockholders
   
(18,838
)
   
6,300
     
(46,543
)
   
(7,671
)
                                 
Earnings / (loss) per common share, basic and diluted
 
$
(0.24
)
 
$
0.08
   
$
(0.59
)
 
$
(0.09
)
                                 
Weighted average number of common shares, basic
   
79,562,705
     
81,745,223
     
79,462,836
     
81,864,186
 
                                 
Weighted average number of common shares, diluted
   
79,562,705
     
82,065,783
     
79,462,836
     
81,864,186
 
                                 
   
Three months ended September 30,
   
Nine months ended September 30,
 
     
2015
     
2014
     
2015
     
2014
 
Net income / (loss)
 
$
(17,396
)
 
$
7,742
   
$
(42,216
)
 
$
(4,033
)
Comprehensive income / (loss)
 
$
(17,396
)
 
$
7,742
   
$
(42,216
)
 
$
(4,033
)


CONDENSED CONSOLIDATED BALANCE SHEET DATA (unaudited)
   
(in thousands of U.S. Dollars)
   
 
   
September, 30, 2015
   
December 31, 2014
 
ASSETS
       
         
Cash and cash equivalents
 
$
242,520
   
$
218,901
 
Other current assets
   
19,829
     
19,333
 
Advances for vessels under construction and acquisitions and other vessel costs
   
38,275
     
29,500
 
Vessels' net book value
   
1,387,553
     
1,373,133
 
Other fixed assets, net
   
23,585
     
23,887
 
Due from related parties, non-current
   
45,000
     
50,866
 
Equity method investment and joint venture.
   
64,764
     
67,546
 
Other non-current assets
   
5,952
     
3,956
 
Total assets
 
$
1,827,478
   
$
1,787,122
 
                 
LIABILITIES AND STOCKHOLDERS' EQUITY
               
                 
Current liabilities, including current portion of long-term debt, net of deferred financing costs, current
 
$
54,179
   
$
98,092
 
Long-term debt, net of current portion and deferred financing costs, non-current
   
532,819
     
405,522
 
Other non-current liabilities
   
1,312
     
1,282
 
Total stockholders' equity
   
1,239,168
     
1,282,226
 
Total liabilities and stockholders' equity
 
$
1,827,478
   
$
1,787,122
 


OTHER FINANCIAL DATA (unaudited)
 
   
Three months ended September 30,
   
Nine months ended September 30,
 
   
2015
   
2014
   
2015
   
2014
 
                 
 Net Cash provided by operating activities
 
$
8,186
   
$
11,610
   
$
22,452
   
$
32,410
 
 Net Cash used in investing activities
   
(551
)
   
(102,841
)
   
(77,418
)
   
(141,102
)
 Net Cash provided by/(used in) financing activities
 
$
(39,866
)
 
$
(16,699
)
 
$
78,585
   
$
69,235