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 May 2007

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.

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):

82-______________.

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

Attached tothis Report on Form 6-K as Exhibit 1 is a press release dated May 4, 2007 from Diana Shipping Inc. (the “Company”) announcing that the Company's Director, Vice-President and Secretary, Ioannis Zafirakis, will present at the Bear Stearns 2007 Global Transportation Conference on Wednesday, May 9th at 8:45 AM.

Exhibit 1

	Corporate Contact:
	Ioannis Zafirakis
	Director and Vice-President
	Telephone: + 30-210-9470100
	Email: izafirakis@dianashippinginc.com
For Immediate Release
	Investor and Media Relations:
	Edward Nebb
	Euro RSCG Magnet
	Telephone: + 1-212-367-6848
	Email: ed.nebb@eurorscg.com

DIANA SHIPPING INC. TO PRESENT AT BEAR STEARNS 2007

GLOBAL TRANSPORTATION CONFERENCE

ATHENS, GREECE, May 4, 2007 – Diana Shipping Inc. (NYSE: DSX), a global shipping transportation company specializing in dry bulk cargoes, announced today that the Company's Director, Vice-President and Secretary, Ioannis Zafirakis, will present at the Bear Stearns 2007 Global Transportation Conference on Wednesday, May 9th at 8:45 AM.  The Conference is being held at the Bear Stearns World Headquarters in New York, located at 383 Madison Avenue.

About the Company

Diana Shipping Inc. 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.

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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)
		By: .	/s/ Anastassis Margaronis
			Anastassis Margaronis
			President
	Dated:  May 11, 2007

SK 23159 0002 773359