d811560_6-k.htm
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
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DIANA
SHIPPING INC.
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(Translation
of registrant’s name into English)
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Pendelis
16, 175 64 Palaio Faliro, Athens, Greece
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(Address
of principal executive office)
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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
12,
2007 of Diana Shipping Inc. (the “Company”) announcing a public offering of
10,000,000 primary shares of its common stock pursuant to an effective shelf
registration statement.
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Exhibit
I
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Corporate
Contact:
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Ioannis
Zafirakis
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Director
and Vice-President
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Telephone:
+ 30-210-9470100
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Email:
izafirakis@dianashippinginc.com
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For
Immediate Release
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Investor
and Media Relations:
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Edward
Nebb
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Euro
RSCG Magnet
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Telephone:
+ 1-212-367-6848
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Email:
ed.nebb@eurorscg.com
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DIANA
SHIPPING INC. ANNOUNCES PUBLIC
OFFERING
OF COMMON SHARES
ATHENS,
GREECE, September 12, 2007, Diana Shipping Inc. (NYSE: DSX), a global shipping
company specializing in the transportation of dry bulk cargoes, today announced
that it is commencing a public offering of 10,000,000 primary shares of its
common stock pursuant to an effective shelf registration
statement. Wachovia Securities and JPMorgan will act as joint book
running managers. The Company expects to grant the underwriters an
option to purchase an additional 1,500,000 common shares to cover any
over-allotments, exercisable within 30 days, and expects to price the offering
in due course.
This
press release 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 will be made only by means of a prospectus and related prospectus
supplement filed with the Securities and Exchange Commission. When
available, copies of the prospectus and prospectus supplement relating to the
offering may be obtained from Wachovia Securities at 375 Park Avenue, New York,
NY 10152, telephone: 800-326-5897 or from JPMorgan at National Statement
Processing, Prospectus Library, 4 Chase Metrotech Center, CS Level, Brooklyn,
NY
11245, telephone: 718-242-8002.
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.
Cautionary
Statement Regarding Forward-Looking Statement
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.
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DIANA
SHIPPING INC.
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(registrant)
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Dated: September 19,
2007
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By:
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/s/
Anastassis Margaronis
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Anastassis
Margaronis
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President
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