 ATHENS, Greece, July 16, 2021 GLOBE NEWSWIRE -- Diana Shipping Inc. NYSE: DSX the Company, a global shipping company specializing in the ownership of dry bulk vessels, today announced the commencement of a tender offer to purchase up to 3,333,333 shares, or about 3.6, of its outstanding common stock using funds available from cash and cash equivalents on hand at a price of 4.50 per share. The tender offer will expire at the end of the day, 5:00 P.M., Eastern Time, on August 16, 2021, unless extended or withdrawn. The Board of Directors determined that it is in the Companys best interest to repurchase shares at this time given Diana Shippings cash position and stock price. The tender offer is not conditioned upon any minimum number of shares being tendered; however, the tender offer is subject to a number of other terms and conditions. Specific instructions and an explanation of the terms and conditions of the tender offer are contained in the Offer to Purchase and related materials that are being mailed to shareholders. 