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Diana Shipping CEO Discusses Q2 2011 Results - Earnings Call Transcript

Diana Shipping, Inc. ( DSX)

Q2 2011 Earnings Call

August 4, 2011 9:00 am ET


Edward Nebb – Head-Investor and Media Relations

Simeon P. Palios – Chairman and Chief Executive Officer

Anastasios C. Margaronis – President

Andreas Michalopoulos – Chief Financial Officer and Treasurer


Gregory Lewis – Credit Suisse

Justin Yagerman – Deutsche Bank

Fotis Giannakoulis – Morgan Stanley

Scott Malat – Goldman Sachs

Salvatore Vitale – Sterne, Agee & Leach Inc.



Greetings and welcome to the Diana Shipping Incorporated Second Quarter Conference Call and Webcast. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Edward Nebb, Investor Relations Advisor for Diana Shipping. Thank you Mr. Nebb, you may begin.

Edward Nebb

Great. Thanks, Diego, and thanks to all of you for joining us this morning for the Diana Shipping Incorporated 2011 second quarter conference call. The members of the Diana Shipping management team who are with us today include Mr. Simeon Palios, Chairman and CEO; Mr. Anastasios Margaronis, President; Mr. Andreas Michalopoulos, Chief Financial Officer; Mr. Ioannis Zafirakis, Executive Vice President and Secretary; and Ms. Maria Dede, Chief Accounting Officer.

Before management begins their remarks, let me briefly summarize the Safe Harbor notice, which you can see in its entirety in today's news release. Certain statements made during this conference call, which are not statements of historical facts are forward-looking statements pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act.

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