Diana Shipping (DSX) 6-K Current report (foreign)

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 2019

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 30, 2019 of Diana Shipping Inc. (the "Company") announcing the Company’s financial results for the second quarter and six months ended June 30, 2019.

SIGNATURES

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 30, 2019	By:	/s/ Andreas Michalopoulos
		Andreas Michalopoulos
		Chief Financial Officer

Exhibit 99.1

	Corporate Contact: Ioannis Zafirakis Director, Chief Strategy 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, 2019

ATHENS, GREECE, July 30, 2019 – 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 $1.3 million and net loss attributed to common stockholders of $2.7 million for the second quarter of 2019, including a $2.8 million impairment loss. This compares to net income of $2.0 million and net income attributed to common stockholders of $0.5 million reported in the second quarter of 2018.

Time charter revenues were $55.4 million for the second quarter of 2019, compared to $53.4 million for the same period of 2018. The increase in time charter revenues was due to increased average time charter rates that the Company achieved for its vessels during the quarter and was partly offset by decreased revenues due to the sale of two vessels in December 2018 and three vessels in the first half of 2019.

Net income and net loss attributed to common stockholders for the six months ended June 30, 2019 amounted to $1.7 million and $1.2 million, respectively, including a $7.5 million impairment loss. This compares to a net loss and net loss attributed to common stockholders of $1.1 million and $4.0 million, respectively, for the same period of 2018. Time charter revenues were $115.7 million for the six months ended June 30, 2019, compared to $101.8 million for the same period of 2018.

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	Fleet Employment Profile (As of July 26, 2019)
	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
	16 Panamax Bulk Carriers
-	DANAE	A	$8,100	5.00%	Phaethon International Company AG	7-Feb-19	1-Apr-19	1
	2001    75,106
-	DIONE	A	$10,350	5.00%	Ausca Shipping Limited, Hong Kong	23-Jan-18	16-Apr-19	2
	2001    75,172
1	NIREFS	A	$10,750	3.75%	Hudson Shipping Lines Incorporated	11-Aug-18	1-Aug-19 - 11-Oct-19	3,4
	2001    75,311
2	OCEANIS	A	$10,350	5.00%	Ausca Shipping Limited, Hong Kong	16-Nov-18	1-Jan-20 - 31-Mar-20	5
	2001    75,211
-	THETIS	B	$10,650	3.75%	Hudson Shipping Lines Incorporated	16-Nov-18	28-Jun-19	6
	2004    73,583
3	PROTEFS	B	$11,000	3.75%	Hudson Shipping Lines Incorporated	19-Sep-18	4-Sep-19 - 19-Dec-19
	2004    73,630
4	CALIPSO	B	$12,200	5.00%	Glencore Agriculture B.V., Rotterdam	12-Mar-18	1-Aug-19 - 12-Sep-19	3,7
	2005    73,691
5	CLIO	B	$10,600	5.00%	Ausca Shipping Limited, Hong Kong	10-Nov-18	10-Sep-19 - 10-Dec-19
	2005    73,691
6	NAIAS	B	$10,000	5.00%	Phaethon International Company AG	26-Jan-19	26-Dec-20 - 10-Apr-21
	2006    73,546
7	ARETHUSA	B	$12,600	5.00%	Glencore Agriculture B.V., Rotterdam	27-Apr-18	2-May-19
			$9,150	5.00%	Ausca Shipping Limited, Hong Kong	2-May-19	2-May-20 - 2-Aug-20
	2007     73,593
-	ERATO	C	$7,250	5.00%	Ausca Shipping Limited, Hong Kong	27-Mar-19	18-Apr-19	8
			$5,500	5.00%	Tongli Shipping Pte. Ltd.	18-Apr-19	4-Jun-19	9,10
	2004    74,444
8	CORONIS	C	$11,300	5.00%	CJ International Italy Societa Per Azioni	10-Oct-18	11-Aug-19 - 11-Nov-19
	2006    74,381
9	MELIA		$12,000	5.00%	United Bulk Carriers International S.A., Luxemburg	28-Apr-18	28-Sep-19 - 28-Dec-19
	2005     76,225
10	ARTEMIS		$12,600	5.00%	Ausca Shipping Limited, Hong Kong	17-Sep-18	17-Sep-19  17-Dec-19
	2006     76,942
11	LETO		$12,500	5.00%	Glencore Agriculture B.V., Rotterdam	10-Jan-18	31-May-19
			$13,000	5.00%	Uniper Global Commodities SE, Düsseldorf	31-May-19	1-May-20 - 1-Jul-20
	2010     81,297
12	SELINA	D	$12,250	5.00%	BG Shipping Co., Limited, Hong Kong	6-Feb-18	15-Jul-19	11
			$11,750	5.00%	Ausca Shipping Limited, Hong Kong	15-Jul-19	15-Feb-20 - 15-Apr-20
	2010     75,700
13	MAERA	D	$9,450	5.00%	Glencore Agriculture B.V., Rotterdam	27-Mar-19	10-Apr-20 - 10-Jul-20
	2013     75,403
14	ISMENE		$12,125	5.00%	Koch Shipping Pte. Ltd., Singapore	12-Dec-18	1-Jan-20 - 31-Mar-20
	2013     77,901
15	CRYSTALIA	E	$10,500	5.00%	Glencore Agriculture B.V., Rotterdam	2-Mar-19	2-May-20 - 2-Aug-20
	2014    77,525
16	ATALANDI	E	$13,500	5.00%	Uniper Global Commodities SE, Düsseldorf	27-Apr-18	9-Jul-19	12
			$12,250	5.00%		9-Jul-19	9-Jun-20 - 24-Aug-20
	2014    77,529

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	5 Kamsarmax Bulk Carriers
17	MAIA	F	$13,300	5.00%	Glencore Agriculture B.V., Rotterdam	12-Nov-18	1-Jan-20 - 31-Mar-20
	2009     82,193
18	MYRSINI	F	$12,750	5.00%	Glencore Agriculture B.V., Rotterdam	22-Dec-18	22-Oct-19 - 22-Dec-19
	2010     82,117
19	MEDUSA	F	$14,000	4.75%	Cargill International S.A., Geneva	3-Sep-18	3-Oct-19 - 3-Dec-19
	2010     82,194
20	MYRTO	F	$14,000	4.75%	Cargill International S.A., Geneva	25-Apr-18	18-Jul-19
			$14,000	4.75%		18-Jul-19	3-Apr-20 - 18-Jun-20
	2013     82,131
21	ASTARTE		$14,250	5.00%	Glencore Agriculture B.V., Rotterdam	16-Oct-18	16-Dec-19 - 16-Mar-20
	2013     81,513
	5 Post-Panamax Bulk Carriers
22	ALCMENE		$11,500	5.00%	BG Shipping Co., Limited, Hong Kong	21-Nov-18	21-Oct-19 - 21-Jan-20
	2010     93,193
23	AMPHITRITE	G	$12,750	5.00%	Uniper Global Commodities SE, Düsseldorf	27-Jan-19	27-Mar-20 - 27-Jun-20	13
	2012     98,697
24	POLYMNIA	G	$16,000	4.75%	Cargill International S.A., Geneva	9-Jul-18	9-Sep-19 - 9-Dec-19
	2012    98,704
25	ELECTRA	H	$13,500	5.00%	Uniper Global Commodities SE, Düsseldorf	19-Oct-18	15-Sep-19 - 15-Dec-19
	2013    87,150
26	PHAIDRA	H	$12,700	5.00%	Uniper Global Commodities SE, Düsseldorf	13-Jan-18	11-Apr-19
			$10,800	5.00%		11-Apr-19	27-May-20 - 26-Aug-20
	2013    87,146

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	14 Capesize Bulk Carriers
27	NORFOLK		$13,250	5.00%	SwissMarine Services S.A., Geneva	1-Dec-17	1-Sep-19 - 1-Dec-19
	2002    164,218
28	ALIKI		$18,000	5.00%	SwissMarine Services S.A., Geneva	9-Apr-18	9-Dec-19 - 9-Feb-20
	2005    180,235
29	BALTIMORE		$18,050	5.00%	Koch Shipping Pte. Ltd., Singapore	6-Jun-18	19-May-19	14
			$15,000	5.00%		19-May-19	4-Dec-20 - 3-Apr-21
	2005    177,243
30	SALT LAKE CITY		$9,750	4.75%	Cargill International S.A., Geneva	24-Mar-19	24-Nov-20 - 24-Feb-21
	2005    171,810
31	SIDERIS GS	I	$15,350	5.00%	Berge Bulk Shipping Pte. Ltd., Singapore	15-Dec-18	15-Dec-19 - 30-Mar-20
	2006    174,186
32	SEMIRIO	I	$20,050	5.00%	Pacific Bulk Cape Company Limited, Hong Kong	1-Sep-18	30-Jun-19
			$16,000	4.75%	Cargill International S.A., Geneva	30-Jun-19	30-Sep-20 - 30-Dec-20
	2007    174,261
33	BOSTON	I	$17,000	5.00%	EGPN Bulk Carrier Co., Limited, Hong Kong	6-Dec-17	7-Jun-19
			$15,300	5.00%	Oldendorff Carriers GMBH & Co. KG, Lübeck, Germany	7-Jun-19	1-Apr-21 - 30-Jun-21
	2007    177,828
34	HOUSTON	I	$10,125	5.00%	Koch Shipping Pte. Ltd., Singapore	17-Feb-19	17-Apr-20 - 1-Aug-20
	2009    177,729
35	NEW YORK	I	$16,000	5.00%	DHL Project & Chartering Limited, Hong Kong	2-Feb-18	7-Jun-19
			$15,500	5.00%	Singapore Marine Pte. LTD., Singapore	7-Jun-19	7-Nov-20 - 22-Jan-21
	2010    177,773
36	SEATTLE	J	$16,000	5.00%	SwissMarine Services S.A., Geneva	24-Dec-18	24-Apr-20 - 24-Jul-20
	2011     179,362
37	P. S. PALIOS	J	$17,350	5.00%	Koch Shipping Pte. Ltd., Singapore	24-May-18	5-Jun-19
			$17,500	5.00%	SwissMarine Services S.A., Geneva	5-Jun-19	21-Jan-20 - 20-Mar-20
	2013    179,134
38	G. P. ZAFIRAKIS	K	$17,000	5.00%	SwissMarine Services S.A., Geneva	31-Dec-18	31-May-20 - 31-Aug-20
	2014    179,492
39	SANTA BARBARA	K	$20,250	4.75%	Cargill International S.A., Geneva	24-Apr-18	9-Oct-19 - 9-Dec-19
	2015     179,426
40	NEW ORLEANS		$21,000	5.00%	SwissMarine Services S.A., Geneva	24-Mar-18	10-Apr-19
			$15,000	4.75%	Cargill International S.A., Geneva	10-Apr-19	26-Jul-20 - 25-Nov-20
	2015    180,960

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	4 Newcastlemax Bulk Carriers
41	LOS ANGELES	L	$13,250	5.00%	SwissMarine Services S.A., Geneva	6-Mar-19	6-Jun-20 - 6-Sep-20
	2012    206,104
42	PHILADELPHIA	L	$20,000	5.00%	Koch Shipping Pte. Ltd., Singapore	18-Jun-18	3-Feb-20 - 18-May-20
	2012    206,040
43	SAN FRANCISCO	M	$16,000	5.00%	Koch Shipping Pte. Ltd., Singapore	5-Mar-19	5-Oct-20 - 20-Jan-21
	2017   208,006
44	NEWPORT NEWS	M	$16,500	5.00%	SwissMarine Services S.A., Geneva	25-Feb-19	25-Jun-20 - 25-Sep-20
	2017   208,021

* 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 ''Danae'' sold and delivered to her new Owners on April 1, 2019.

2 ''Dione'' sold and delivered to her new Owners on April 18, 2019.

3 Based on latest information.

4 Vessel sold and expected to be delivered to her new Owners at the latest by October 30, 2019.

5 Vessel off hire for drydocking from May 27, 2019 to July 4, 2019.

6 ''Thetis'' sold and delivered to her new Owners on July 5, 2019.

7 Vessel off hire for unscheduled maintenance from May 1, 2019 to June 12, 2019.

8 Redelivery date based on an estimated time charter trip duration of about 22 days.

9 Charterers had the option to redeliver the vessel until June 2, 2019, for a charter rate of US$7,000, in case it exceeded the first twenty-nine (29) days.

10 ''Erato'' sold and delivered to her new Owners on June 6, 2019.

11 Vessel off hire for unscheduled maintenance from April 7, 2019 to April 10, 2019.

12 Vessel off hire for drydocking from June 8, 2019 to July 9, 2019.

13 Vessel off hire for unscheduled maintenance from April 30, 2019 to May 13, 2019.

14 Koch Shipping Pte. Ltd., Singapore has agreed to compensate the owners with the difference between the previous and the current charter rate for the early redelivery of the vessel on May 19, 2019, till the minimum agreed redelivery date, May 22, 2019.

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Summary of Selected Financial & Other Data (unaudited)
	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
STATEMENT OF OPERATIONS DATA (in thousands of US Dollars)
Time charter revenues	$	55,385		$	53,445		$	115,686		$	101,810
Voyage expenses		2,966			763			5,739			2,840
Vessel operating expenses		22,892			24,561			45,251			47,491
Net income/(loss)		(1,299	)		1,956			1,676			(1,096	)
Net income/(loss) attributed to common stockholders		(2,741	)		514			(1,208	)		(3,980	)
FLEET DATA
Average number of vessels		45.9			50.0			47.0			50.0
Number of vessels		45.0			50.0			45.0			50.0
Weighted average age of vessels		9.3			8.9			9.3			8.9
Ownership days		4,179			4,550			8,499			9,050
Available days		4,122			4,475			8,398			8,919
Operating days		4,054			4,383			8,317			8,818
Fleet utilization		98.4	%		97.9	%		99.0	%		98.9	%
AVERAGE DAILY RESULTS
Time charter equivalent (TCE) rate (1)	$	12,717		$	11,773		$	13,092		$	11,097
Daily vessel operating expenses (2)	$	5,478		$	5,398		$	5,324		$	5,248

___________________

(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 Tuesday, July 30, 2019.

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 13692315.

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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, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Company’s 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 the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s 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 the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

(See financial tables attached)

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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 June 30,						Six months ended June 30,
	2019			2018			2019			2018
REVENUES:
Time charter revenues	$	55,385		$	53,445		$	115,686		$	101,810
Voyage expenses		2,966			763			5,739			2,840
Vessel operating expenses		22,892			24,561			45,251			47,491
Depreciation and amortization of deferred charges		12,279			13,050			24,728			26,027
General and administrative expenses		6,110			6,728			13,645			13,718
Management fees to related party		518			600			1,030			1,200
Impairment loss		2,769			-			7,519			-
Loss from sale of vessels		2,118			-			2,118			-
Other gain		(7	)		(502	)		(67	)		(178	)
Operating income	$	5,740			8,245			15,723			10,712
OTHER INCOME / (EXPENSES):
Interest and finance costs		(7,799	)		(7,346	)		(15,503	)		(14,293	)
Interest and other income		785			1,062			1,501			2,475
Gain/(loss) from equity method investment		(25	)		(5	)		(45	)		10
Total other expenses, net	$	(7,039	)		(6,289	)		(14,047	)		(11,808	)
Net income/(loss)	$	(1,299	)	$	1,956		$	1,676		$	(1,096	)
Dividends on series B preferred shares		(1,442	)		(1,442	)		(2,884	)		(2,884	)
Net income/(loss) attributed to common stockholders		(2,741	)		514			(1,208	)		(3,980	)
Loss per common share, basic and diluted	$	(0.03	)	$	-		$	(0.01	)	$	(0.04	)
Weighted average number of common shares, basic and diluted		96,870,527			103,959,717			98,751,900			103,544,233
	Three months ended June 30,						Six months ended June 30,
		2019			2018			2019			2018
Net income/(loss)	$	(1,299	)	$	1,956		$	1,676		$	(1,096	)
Other comprehensive loss (Actuarial loss)		(9	)		(8	)		(18	)		(16	)
Comprehensive income/(loss)	$	(1,308	)	$	1,948		$	1,658		$	(1,112	)

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CONDENSED CONSOLIDATED BALANCE SHEET DATA
(in thousands of U.S. Dollars)
	2019			2018 *
ASSETS	(unaudited)
Cash and cash equivalents	$	121,419	$	126,825
Other current assets		23,359		15,147
Vessels, net		933,263		991,403
Other fixed assets, net		22,266		22,425
Restricted cash		23,082		24,582
Investments in related parties		3,219		3,263
Other non-current assets		3,636		4,151
Total assets	$	1,130,244	$	1,187,796
LIABILITIES AND STOCKHOLDERS' EQUITY
Long-term debt, net of deferred financing costs	$	495,021	$	530,547
Other liabilities		25,841		29,565
Total stockholders' equity		609,382		627,684
Total liabilities and stockholders' equity	$	1,130,244	$	1,187,796

* The balance sheet data have been derived from the audited consolidated financial statements at that date.

OTHER FINANCIAL DATA (unaudited)
	Three months ended June 30,						Six months ended June 30,
	2019			2018			2019			2018
Net cash provided by operating activities	$	14,830		$	17,986		$	32,952		$	27,791
Net cash provided by investment activities		17,140			17,135			20,140			47,325
Net cash used in financing activities	$	(23,925	)	$	(17,059	)	$	(59,998	)	$	(32,998	)

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