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Diana Shipping's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Stocks in this article: DSX

Diana Shipping Inc. (DSX)

Q3 2011 Earnings Call

November 23, 2011 9:00 AM ET

Executives

Edward Nebb – IR Advisor

Simeon Palios – Chairman and CEO

Anastasios Margaronis – President

Andreas Michalopoulos – Chief Financial Officer

Ioannis Zafirakis – Executive Vice President and Secretary

Maria Dede – Chief Accounting Officer.

Analysts

Michael Webber – Wells Fargo

Justin Yagerman – Deutsche Bank

Gregory Lewis – Credit Suisse Group

Fotis Giannakoulis – Morgan Stanley

Sal Vitale – Sterne, Agee

Gary Chase – Barclays Capital

Michael Pak – Clarkson Capital

Lambros Papaeconomou – NYFEX Asset Management

Presentation

Operator

Greetings. And welcome to the Diana Shipping Incorporated Third Quarter Conference Call and Webcast. At this time, all participants are in a listen-only mode. A brief 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, IR Advisor for Diana Shipping. Thank you Mr. Nebb, you may begin.

Edward Nebb

Thank you, Rob. Good morning or good afternoon all. Welcome to the Diana Shipping Incorporated 2011 third quarter conference call. The members of the management team who are with us today include Mr. Simeon Palios, Chairman and Chief Executive Officer; 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 fact are forward looking and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act.

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