Diana Shipping Files Shelf Registration Statement

Diana Shipping Inc. announced that it has filed a shelf Registration Statement pursuant to which up to $423,525,000 of securities may be offered from time to time by the Company and up to 8,000,000 of the Company's common shares may be sold from time to time by the selling shareholders. The $423,525,000 of securities that may be offered by the Company represent the balance of the securities remaining under the Company's previous $500 million shelf registration statement that was filed on April 19, 2006, and does not constitute any additional securities that may be offered by the Company.