Diana Shipping Inc. Converts Time Charter Contract

Diana Shipping Inc. Takes Delivery of Panamax Bulk Carrier, Expanding Fleet to 14 Vessels

Webcast Replay

Diana Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2006 Declares Cash Dividend of 35.5 cents per share for the Second Quarter

Conference Call and Webcast to be held on August 10, 2006

Diana Shipping Inc. Scedules Second Quarter 2006 Earnings Release, Dividend Declaration and Conference Call

Diana Shipping Inc. Announces Results of Annual General Meeting

Diana Shipping Inc. Announces Exercise of Over-Allotment Option

Diana Shipping Inc. Announces New Vessel Acquisition

Diana Shipping Inc. Announces Completion of Follow-On Offering and Signing of Option to Acquire New Vessel