Conference Call and Webcast To Be Held at 10:30 A.M. on August 2, 2005

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The management of Diana Shipping Inc. will conduct a conference call and simultaneous Internet webcast to review the results at 10:30 A.M. (Eastern Time) on Tuesday, August 2, 2005.

Investors may access the webcast by visiting the Company’s website at  %SitePath%/, and clicking on the webcast link.  The webcast also is accessible at, by clicking on the Diana Shipping link under “Events”.  The conference call also may be accessed by telephone by dialing 1-888-858-4756 (for U.S.-based callers) or 1-973-935-2405 (for international callers).

A replay of the webcast will be available soon after the completion of the call and will be accessible on both %SitePath%/ and  A telephone replay will be available by dialing 1-877-519-4471 (for U.S.-based callers) or 1-973-341-3080 (for international callers); callers must enter the code number 6272718.