Diana Shipping Inc. signs a $300 million amended credit facility with the Royal Bank of Scotland Plc

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Conference Call and Webcast to be held on May 12, 2006

Diana Shipping Inc. Reports Financial Results for the First Quarter Ended March 31, 2006 Declares Cash Dividend of $0.345 per share for the First Quarter Conference Call and Webcast to be Held on May 12, 2006

Diana Shipping Inc. Schedules First Quarter 2006 Earnings Release, Dividend Declaration and Conference Call

Diana Shipping Inc. Announces Time Charter Agreement with Australian Wheat Board

Diana Shipping Inc. Announces Acquisition of Its Fleet Manager

Diana Shipping Inc. Announces Appointment of Andreas Michalopoulos as Chief Financial Officer

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