Diana Shipping Inc. Announces Results of 2013 Annual Meeting of Shareholders

Diana Shipping Inc. Announces Results of 2013 Annual Meeting of Shareholders

ATHENS, Greece, May 20, 2013 (GLOBE NEWSWIRE) -- Diana Shipping Inc.
(NYSE:DSX), a global shipping company specializing in the ownership and
operation of dry bulk vessels, announced today that the Company's Annual
Meeting of Shareholders was duly held on May 16, 2013, in Istanbul, Turkey
pursuant to a Notice of Annual Meeting of Shareholders dated April 9, 2013.
Broadridge Financial Solutions, Inc. acted as inspector of the Meeting.

At the Meeting, each of the following proposals, which are set forth in more
detail in the Notice of Annual Meeting of Shareholders and the Company's Proxy
Statement sent to shareholders on or around April 9, 2013, were approved and
adopted:

  (1)The re-election of William (Bill) Lawes and Konstantinos Psaltis as
  Class II Directors of the Company, to serve until the 2016 Annual Meeting of
  Shareholders; and

  (2)The appointment of Ernst & Young (Hellas) as the Company's independent
  auditors for the fiscal year ending December 31, 2013.

About the Company

Diana Shipping Inc. is a leading global provider of shipping transportation
services through the ownership and operation 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.

CONTACT: Corporate Contact:
         Ioannis Zafirakis
         Director, Executive Vice-President and Secretary
         Telephone: + 30-210-9470-100
         Email: izafirakis@dianashippinginc.com
        
         Investor and Media Relations:
         Edward Nebb
         Comm-Counsellors, LLC
         Telephone: + 1-203-972-8350
         Email: enebb@optonline.net
 
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