1、ANNUALREPORT2016Diana Shipping Inc.(NYSE:DSX)is a global provider of shipping transportation services.We specialize in the ownership of dry bulk vessels.As of April 28,2017 our fleet consists of 48 dry bulk vessels(4 Newcastlemax,14 Capesize,3 Post-Panamax,4 Kamsarmax and 23 Panamax).The Company als
2、o expects to take delivery of one Post-Panamax dry bulk vessel by the middle of May 2017,one Post-Panamax dry bulk vessel by the middle of June 2017 as well as one Kamsarmax dry bulk vessel by the middle of June 2017.As of the same date,the combined carrying capacity of our fleet,excluding the three
3、 vessels not yet delivered,is approximately 5.7 million dwt with a weighted average age of 7.91 years.Our fleet is managed by our wholly-owned subsidiary Diana Shipping Services S.A.and our established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited in C
4、yprus.Diana Shipping Inc.also owns approximately 25.7%of the issued and outstanding shares of Diana Containerships Inc.(NASDAQ:DCIX),a global provider of shipping transportation services through its ownership of containerships,that currently owns and operates twelve container vessels(6 Post-Panamax
5、and 6 Panamax).Among the distinguishing strengths that we believe provide us with a competitive advantage in the dry bulk shipping industry are the following:We own a modern,high quality fleet of dry bulk carriers.Our fleet includes groups of sister ships,providing operational and scheduling flexibi
6、lity,as well as cost efficiencies.We have an experienced management team.We benefit from the experience and reputation of Diana Shipping Services S.A.and the relationship with Wilhelmsen Ship Management through the Diana Wilhelmsen Management Limited joint venture.We benefit from strong relationship