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 August 2021

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 August 3, 2021 of Diana Shipping Inc. (the "Company") announcing the Company’s financial results for the second quarter and six months ended June 30, 2021.

The information contained in this Report on Form 6-K is hereby incorporated by reference into the Company's registration statement on Form F-3 (File No. 333-256791) that was filed with the U.S. Securities and Exchange Commission and became effective on July 9, 2021.

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: August 3, 2021	By:	/s/ Ioannis Zafirakis
		Ioannis Zafirakis
		Chief Financial Officer

Exhibit 99.1

Corporate Contact:

Ioannis Zafirakis

Director, Chief Financial Officer, Chief Strategy Officer, Treasurer and Secretary

Telephone: + 30-210-9470100

Email: izafirakis@dianashippinginc.com

Website: www.dianashippinginc.com

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, 2021

ATHENS, GREECE, August 3, 2021 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported net income of $2.8 million and net income attributed to common stockholders of $1.4 million for the second quarter of 2021. This compares to a net loss of $10.8 million and net loss attributed to common stockholders of $12.2 million, including a $2.6 million impairment loss, reported in the second quarter of 2020.

Time charter revenues were $47.0 million for the second quarter of 2021, compared to $41.0 million for the same quarter of 2020. The increase in time charter revenues was mainly due to increased average time charter rates that the Company achieved for its vessels during the quarter. This increase was partly offset by decreased revenues due to decreased ownership days compared to last year, resulting from the sale of vessels.

Net income for the six months ended June 30, 2021 amounted to $1.5 million and net loss attributed to common stockholders amounted to $1.4 million. This compares to a net loss of $113.6 million and net loss attributed to common stockholders of $116.5 million, including a $95.7 million impairment loss and $1.1 million loss from sale of vessels, for the same period of 2020. Time charter revenues were $88.1 million for the first half of 2021, compared to $84.7 million for the same period of 2020.

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	Fleet Employment Profile (As of August 02, 2021)
	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
	10 Panamax Bulk Carriers
1	PROTEFS	A	$10,650	5.00%	Reachy International (HK) Co., Limited	8-Feb-21	10-Mar-22 - 20-May-22
	2004    73,630
2	CALIPSO	A	$10,400	5.00%	Viterra Chartering B.V., Rotterdam	22-Jan-21	1-Oct-21 - 15-Dec-21
	2005    73,691
-	NAIAS	A	$11,000	4.75%	Cargill International S.A., Geneva	27-Jan-21	17-May-21
			$25,000	5.00%	Nasshipping Inc.	17-May-21	21-Jun-21
			$23,250	5.00%	AS Klaveness Chartering, Oslo	21-Jun-21	19-Jul-21	1
	2006    73,546
3	MELIA		$10,000	5.00%	Ausca Shipping Limited, Hong Kong	20-Aug-20	11-Jun-21	2
			$25,750	5.00%	Viterra Chartering B.V., Rotterdam	11-Jun-21	7-Apr-22 - 7-Jun-22
	2005     76,225
4	ARTEMIS		$10,250	5.00%	Glencore Agriculture B.V., Rotterdam	30-Nov-20	5-Jan-22 - 30-Mar-22
	2006     76,942
5	LETO		$9,000	4.75%	Cargill International S.A., Geneva	21-May-20	8-Aug-21 - 30-Sep-21	3
	2010     81,297
6	SELINA	B	$11,000	5.00%	ST Shipping and Transport Pte. Ltd., Singapore	5-Jul-20	7-Aug-21 - 7-Sep-21	3
	2010     75,700
7	MAERA	B	$8,600	5.00%	Ausca Shipping Limited, Hong Kong	11-Jun-20	8-Aug-21 - 3-Oct-21	3
	2013     75,403
8	ISMENE		$16,500	5.00%	Tongli Shipping Pte. Ltd.	11-Mar-21	15-Oct-21 - 15-Dec-21
	2013     77,901
9	CRYSTALIA	C	$8,750	5.00%	Glencore Agriculture B.V., Rotterdam	22-May-20	9-Aug-21 - 30-Sep-21	3
	2014    77,525
10	ATALANDI	C	$9,300	5.00%	Uniper Global Commodities SE, Düsseldorf	14-Jun-20	10-Aug-21 - 14-Oct-21	3
	2014    77,529
	6 Kamsarmax Bulk Carriers
11	MAIA	D	$11,200	5.00%	Aquavita International S.A.	31-Jan-20	20-Jun-21	4
			$25,000	5.00%	Viterra Chartering B.V., Rotterdam	20-Jun-21	1-May-22 - 30-Jun-22
	2009     82,193
12	MYRSINI	D	$11,500	5.00%	Ausca Shipping Limited, Hong Kong	4-Dec-19	11-May-21
			$27,750	5.00%	Bocimar International N.V.	11-May-21	15-Oct-21 - 30-Nov-21
	2010     82,117
13	MEDUSA	D	$11,000	4.75%	Cargill International S.A., Geneva	19-Nov-20	10-Jan-22 - 20-Mar-22
	2010     82,194

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14	MYRTO	D	$10,000	4.75%	Cargill International S.A., Geneva	3-Apr-20	11-Aug-21 - 15-Sep-21	3
	2013     82,131
15	ASTARTE		$11,750	5.00%	Aquavita International S.A.	18-Jan-20	20-May-21
			$25,000	5.00%	Mitsui O.S.K. Lines Ltd.	20-May-21	1-Nov-21 - 15-Dec-21
	2013     81,513
16	MAGNOLIA		-	-	-	-	- - -	5
	tbr. LEONIDAS P. C.
	2011     82,165
	5 Post-Panamax Bulk Carriers
17	ALCMENE		$8,500	4.75%	Cargill International S.A., Geneva	2-Apr-20	28-Jul-21	6
			$25,500	5.00%	Refined Success Limited	28-Jul-21	30-Oct-21
	2010     93,193
18	AMPHITRITE	E	$10,250	5.00%	SwissMarine Pte. Ltd., Singapore	21-Mar-20	6-Jun-21
			$30,000	5.00%	Jera Global Markets Pte. Ltd.	6-Jun-21	2-Jul-21	7
			$30,250	5.00%	Jera Global Markets Pte. Ltd.	23-Jul-21	6-Sep-21	8
	2012     98,697
19	POLYMNIA	E	$12,100	5.00%	CLdN Cobelfret SA, Luxembourg	22-Nov-20	15-Oct-21 - 25-Dec-21	9
	2012    98,704
20	ELECTRA	F	$23,500	5.00%	Refined Success Limited	23-Mar-21	28-Apr-21
			$21,000	5.00%	Tongli Shipping Pte. Ltd.	28-Apr-21	10-Feb-22 - 10-Apr-22
	2013    87,150
21	PHAIDRA	F	$9,400	5.00%	Uniper Global Commodities SE, Düsseldorf	29-May-20	15-Jul-21
			$27,000	5.00%	Refined Success Limited	15-Jul-21	19-Aug-21	10
	2013    87,146
	12 Capesize Bulk Carriers
22	ALIKI		$20,500	5.00%	Solebay Shipping Cape Company Limited, Hong Kong	18-Mar-21	15-Jan-22 - 15-Mar-22
	2005    180,235
23	BALTIMORE		$13,000	5.00%	Koch Shipping Pte. Ltd., Singapore	21-Dec-20	11-Aug-21 - 5-Oct-21	3
	2005    177,243
24	SALT LAKE CITY		$13,000	5.00%	C Transport Maritime Ltd., Bermuda	9-Jan-21	1-Apr-22 - 30-Jun-22
	2005    171,810
25	SEMIRIO	G	$13,500	5.00%	SwissMarine Pte. Ltd., Singapore	1-Jan-21	5-Oct-21 - 20-Dec-21
	2007    174,261
26	BOSTON	G	$15,300	5.00%	Oldendorff Carriers GMBH & Co. KG, Lübeck, Germany	7-Jun-19	16-Jun-21
			$25,500	5.00%	C Transport Maritime Ltd., Bermuda	16-Jun-21	15-Apr-22 - 15-Jun-22
	2007    177,828
27	HOUSTON	G	$12,400	5.00%	C Transport Maritime Ltd., Bermuda	13-Apr-20	10-Aug-21 - 30-Sep-21	3
	2009    177,729
28	NEW YORK	G	$14,000	5.00%	EGPN Bulk Carrier Co., Limited, Hong Kong	29-Dec-20	16-Apr-22 - 30-Jun-22
	2010    177,773
29	SEATTLE	H	$12,300	5.00%	Pacbulk Shipping Pte. Ltd., Singapore	27-Apr-20	1-Oct-21 - 20-Feb-22	11
	2011     179,362

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30	P. S. PALIOS	H	$12,050	5.00%	C Transport Maritime Ltd., Bermuda	24-Mar-20	5-Jun-21
			$26,500	4.75%	Olam International Limited, Singapore	5-Jun-21	15-Feb-22 - 15-Apr-22
	2013    179,134
31	G. P. ZAFIRAKIS	I	$13,200	5.00%	Koch Shipping Pte. Ltd., Singapore	31-May-20	1-Oct-21 - 31-Dec-21
	2014    179,492
32	SANTA BARBARA	I	$17,250	4.75%	Cargill International S.A., Geneva	9-Jan-21	5-Jan-22 - 5-Mar-22
	2015     179,426
33	NEW ORLEANS		$15,500	5.00%	Nippon Yusen Kabushiki Kaisha	3-Dec-20	25-Jan-22 - 25-Mar-22
	2015    180,960
	4 Newcastlemax Bulk Carriers
34	LOS ANGELES	J	$14,250	5.00%	Engelhart CTP Freight (Switzerland) SA	6-Jun-20	1-Oct-21 - 31-Dec-21
	2012    206,104
35	PHILADELPHIA	J	$14,500	5.00%	BHP Billiton Freight Singapore Pte. Ltd	5-Feb-20	22-Apr-21
			$28,500	5.00%	Classic Maritime Inc.	22-Apr-21	1-Mar-22 - 1-May-22
	2012    206,040
36	SAN FRANCISCO	K	$17,750	5.00%	Olam International Limited, Singapore	11-Feb-21	27-May-21
			$24,700	5.00%		27-May-21	15-Jan-22 - 15-Mar-22
	2017   208,006
37	NEWPORT NEWS	K	$18,400	5.00%	Koch Shipping Pte. Ltd., Singapore	8-Sep-20	16-Oct-21 - 30-Dec-21
	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 Vessel sold delivered to her new owners on July 30, 2021.

2 Charter included a one time ballast bonus payment of US$500,000.

3 Based on latest information.

4 Charterers have agreed to pay US$30,664 per day, for the excess period commencing from June 15, 2021 till June 20, 2021.

5 Expected date of delivery to the Company on February 28, 2022.

6 Charterers have agreed to pay the weighted average of the Baltic Panamax 5 T/C routes, as published by the Baltic Exchange on July 2, 2021 for the excess period commencing from July 2, 2021 till July 28, 2021.

7 Vessel on scheduled drydocking from July 2, 2021 to July 23, 2021.

8 Redelivery date based on an estimated time charter trip duration of about 45 days.

9 Vessel currently off hire for drydocking.

10 Redelivery date based on an estimated time charter trip duration of about 35 days.

11 Vessel on scheduled drydocking from April 10, 2021 to May 30, 2021.

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Summary of Selected Financial & Other Data (unaudited)
	Three months ended June 30,						Six months ended June 30,
	2021			2020			2021			2020
STATEMENT OF OPERATIONS DATA (in thousands of US Dollars)
Time charter revenues	$	47,023		$	40,975		$	88,074		$	84,735
Voyage expenses		2,292			3,827			4,072			7,561
Vessel operating expenses		19,179			20,806			37,731			42,123
Net income/(loss)		2,815			(10,794	)		1,520			(113,617	)
Net income/(loss) attributed to common stockholders		1,373			(12,236	)		(1,364	)		(116,501	)
FLEET DATA
Average number of vessels		37.0			41.0			37.6			41.4
Number of vessels		37.0			41.0			37.0			41.0
Weighted average age of vessels		10.4			9.5			10.4			9.5
Ownership days		3,367			3,731			6,801			7,532
Available days		3,319			3,507			6,753			7,025
Operating days		3,305			3,446			6,692			6,838
Fleet utilization		99.6	%		98.3	%		99.1	%		97.3	%
AVERAGE DAILY RESULTS
Time charter equivalent (TCE) rate (1)	$	13,477		$	10,593		$	12,439		$	10,986
Daily vessel operating expenses (2)	$	5,696		$	5,577		$	5,548		$	5,593

Non-GAAP Measures

(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, August 3, 2021.

Investors may access the webcast by visiting the Company’s website at www.dianashippinginc.com, and clicking on the webcast link. An accompanying investor presentation also will be available via the webcast link and on the Company’s website. 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 13721321.

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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 severity, magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic and of businesses’ and governments’ responses to the pandemic on our operations, personnel, and on the demand for seaborne transportation of bulk products; 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 LOSS
	Three months ended June 30,						Six months ended June 30,
	2021			2020			2021			2020
REVENUES:
Time charter revenues	$	47,023		$	40,975		$	88,074		$	84,735
EXPENSES:
Voyage expenses		2,292			3,827			4,072			7,561
Vessel operating expenses		19,179			20,806			37,731			42,123
Depreciation and amortization of deferred charges		10,092			11,737			20,141			23,284
General and administrative expenses		7,211			6,739			13,909			16,285
Management fees to related party		405			497			854			1,014
Vessel impairment charges		-			2,556			-			95,693
Loss on sale of vessels		(2	)		-			203			1,078
Other loss/(income)		102			99			(4	)		(142	)
Operating income/(loss)	$	7,744		$	(5,286	)	$	11,168		$	(102,161	)
OTHER INCOME / (EXPENSES):
Interest expense and finance costs		(4,706	)		(5,655	)		(9,342	)		(12,009	)
Interest income		22			203			50			639
Loss on extinguishment of debt		(158	)		-			(158	)		-
Loss from equity method investment		(87	)		(56	)		(198	)		(86	)
Total other expenses, net	$	(4,929	)	$	(5,508	)	$	(9,648	)	$	(11,456	)
Net income/(loss)	$	2,815		$	(10,794	)	$	1,520		$	(113,617	)
Dividends on series B preferred shares		(1,442	)		(1,442	)		(2,884	)		(2,884	)
Net income/(loss) attributed to common stockholders		1,373			(12,236	)		(1,364	)		(116,501	)
Earnings/(loss) per common share, basic and diluted	$	0.02		$	(0.14	)	$	(0.02	)	$	(1.35	)
Weighted average number of common shares, basic		82,020,353			85,552,271			82,792,000			86,012,939
Weighted average number of common shares, diluted		85,576,754			85,552,271			82,792,000			86,012,939
	Three months ended June 30,						Six months ended June 30,
		2021			2020			2021			2020
Net income/(loss)	$	2,815		$	(10,794	)	$	1,520		$	(113,617	)
Other comprehensive loss (Actuarial loss)		-			(6	)		-			(13	)
Comprehensive income/(loss)	$	2,815		$	(10,800	)	$	1,520		$	(113,630	)

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CONDENSED CONSOLIDATED BALANCE SHEET DATA
(in thousands of U.S. Dollars)
	June 30, 2021		December 31, 2020*
ASSETS	(unaudited)
Cash, cash equivalents and restricted cash	$	154,995	$	82,909
Other current assets		23,597		41,752
Vessels, net		690,819		716,178
Other fixed assets, net		21,629		21,704
Other non-current assets		8,594		9,867
Total assets	$	899,634	$	872,410
LIABILITIES AND STOCKHOLDERS' EQUITY
Long-term debt, net of deferred financing costs	$	461,515	$	420,314
Other liabilities		22,386		23,526
Total stockholders' equity		415,733		428,570
Total liabilities and stockholders' equity	$	899,634	$	872,410

* 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,
	2021			2020			2021		2020
Net cash provided by operating activities	$	21,023		$	4,447		$	27,442	$	11,737
Net cash provided by/(used in) investing activities		(483	)		(1,100	)		22,075		(2,264	)
Net cash provided by/(used in) financing activities	$	48,420		$	(12,857	)	$	22,569	$	(36,071	)

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