FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of June 2006 DIANA SHIPPING INC. (Translation of registrant's name into English) Diana Shipping Inc. Pendelis 16 175 64 Palaio Faliro Athens, Greece (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F |X| Form 40-F |_| Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes |_| No |X| INFORMATION CONTAINED IN THIS FORM 6-K REPORT Attached to this Report on Form 6-K as Exhibit 21.1 is list of the subsidiaries of Diana Shipping Inc. (the "Company"). This list has been updated to reflect the incorporation of Ailuk Shipping Company, Inc., a Marshall Islands corporation. This Report on Form 6-K is hereby incorporated by reference into the prospectus, filed on April 19, 2006, contained in the Company's effective "Shelf" Registration Statement, as amended, on Form F-3 (File No. 333-133410). Exhibit 21.1 Country of Portion of Name of Significant Subsidiary Incorporation Ownership Interest ------------------------------ ------------- ------------------ Skyvan Shipping Company S.A. Panama 100% Panama Compania Armadora S.A. Panama 100% Eaton Marine S.A. Panama 100% Buenos Aires Compania Armadora S.A. Panama 100% Husky Trading S.A. Panama 100% Chorrera Compania Armadora S.A. Panama 100% Cypres Enterprises Corp. Panama 100% Urbina Bay Trading S.A. Panama 100% Darien Compania Armadora S.A. Panama 100% Texford Maritime S.A. Panama 100% Changame Compania Armadora S.A. Panama 100% Cerada International S.A. Panama 100% Vesta Commercial S.A. Panama 100% Ailuk Shipping Company, Inc. Marshall Islands 100% SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DIANA SHIPPING INC. (registrant) Dated: June 13, 2006 By: /s/ Anastassis Margaronis ------------------------- Anastassis Margaronis President SK 23159 0002 677333