Diana Shipping Inc.
announced the completion of its follow-on offering of
5,000,000 shares of common stock priced
at $13.50 per share.
Bear, Stearns & Co., Inc. and Wachovia Capital Markets, LLC are the joint
global coordinators and joint book-running managers for the offering.
In connection with the offering, the underwriters have been granted a
30-day option to purchase up to 750,000 additional shares of the Company's
common stock to cover any over-allotments.