Fourth Quarter 2005 Earnings Conference Call – Friday, February 17, 2006 at 9:00 AM Eastern Time

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Diana Shipping Inc. will conduct a conference call and webcast at 9:00 A.M. Eastern Time on Friday, February 17, 2006, to discuss financial results for the fourth quarter and year ended December 31, 2005. Listeners should allow extra time before the webcast begins to register for the webcast and download any necessary audio software. 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 1-877-692-2086 (for U.S.-based callers) or 1-973-935-8599 (for international callers).

A replay of the webcast will be available soon after the completion of the call and will be accessible on both 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 use the PIN number 7005586.