| Item 1. | Security and Issuer. | |
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| | This Schedule 13D relates to shares of common stock, par value $0.01 per share (the “Shares”), of Diana Shipping Inc. (the “Issuer”). The principal executive office and mailing address of the Issuer is Pendelis 16, 175 64 Palaio Faliro, Athens, Greece. | |
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| Item 2. | Identity and Background. | |
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| | This Schedule 13D is being filed on behalf of Anastasios Margaronis (“Margaronis”), a citizen of Greece, and Anamar Investments Inc, a Marshall Islands corporation (“Anamar”). Margaronis and Anamar are collectively referred to as the “Reporting Persons.” Margaronis may be deemed to beneficially own all of the issued and outstanding shares of Anamar, as the result of Margaronis' ability to control the vote and disposition of such shares. The principal business address for the Reporting Persons is Pendelis 16, 175 64 Palaio Faliro, Athens, Greece. The Reporting Persons have not, during the last five years, been (i) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (ii) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding were not and are not subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws. | |
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| Item 3. | Source and Amount of Funds or Other Consideration. | |
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| | On January 31, 2019, Anamar received 666,705 Shares from Ironwood Trading Corp. and 1,524,031 Shares from Corozal Compania Naviera S.A., in each case for no consideration in a pro rata distribution to the shareholders of such entities.
On February 20, 2019, Anamar received 465,874 shares of the Issuer's restricted common stock pursuant to the Issuer's 2014 equity incentive plan, as amended.
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| Item 4. | Purpose of Transaction. | |
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| | Margaronis, the President of the Issuer, may have influence over the corporate activities of the Issuer, including activities which may relate to items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Depending upon overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of Shares at prices that would make the purchase of additional Shares desirable, the Reporting Persons may endeavor to increase their position in the Issuer through, among other things, the purchase of Shares on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Schedule 13D except as set forth herein or such as would occur upon completion of any of the actions discussed above. | |
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| Item 5. | Interest in Securities of the Issuer. | |
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| | (a. & b.) As of the date hereof, the Issuer had 105,764,351 Shares outstanding. Based on the foregoing, the following persons report beneficial ownership of the following Shares: Anamar is the record holder of 6,365,438 Shares, representing 6% of the Issuer’s issued and outstanding Shares. Margaronis indirectly may be deemed to beneficially own 6,365,438 Shares in aggregate, representing 6% of the Issuer's issued and outstanding shares, through Anamar, as the result of his ability to control the vote and disposition of such entity. Anamar has the sole power to vote or direct the vote of 0 Shares and has the shared power to vote or direct the vote of 6,365,438 Shares, representing 6% of the Issuer's issued and outstanding Shares. Margaronis has the sole power to vote or direct the vote of 0 Shares and has the shared power to vote or direct the vote of 6,365,438 Shares, in aggregate, representing 6% of the Issuer's issued and outstanding Shares, through Anamar. (c.) Except as set forth in Item 3 herein, no transactions in the Shares were effected by the persons enumerated in Item 2 during the past 60 days. (d.) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any of the Shares beneficially owned by the Reporting Persons. (e.) Not applicable. | |
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| Item 6. | Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer. | |
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| | The Reporting Persons are not party to any contracts, arrangements or understanding or relationships with respect to the Shares or any other security of the Issuer. | |
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| Item 7. | Material to be Filed as Exhibits. | |
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| | Exhibit A Joint Filing Agreement dated March 13, 2019 among the Reporting Persons | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
The undersigned agree that this Schedule 13D, dated March 13, 2019, and any further amendment thereto, relating to the Common Stock, par value $0.01, of Diana Shipping Inc. shall be filed on behalf of the undersigned.
