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Diana Shipping's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Diana Shipping, Inc. ( DSX)

Q4 2011 Earnings Conference Call

February 28, 2012 9:00 AM ET

Executives

Edward Nebb – Head-Investor and Media Relations

Simeon Palios – Chairman and Chief Executive Officer

Anastasios Margaronis – President

Andreas Michalopoulos – Chief Financial Officer

Analysts

Gregory Lewis – Credit Suisse:

Justin Yagerman – Deutsche Bank Securities, Inc.

Fotis Giannakoulis – Morgan Stanley & Co. LLC

Michael Pak – Clarkson Capital Market

Brandon Oglenski – Barclays Capital

David Beard – Iberia Capital Partners

Presentation

Operator

Greetings and welcome to the Diana Shipping Incorporated Fourth 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

Thanks very much, Melissa. Greetings. This is Ed Nebb, Investor Relations Advisor to Diana Shipping Inc., and I want to welcome all of you to the company’s 2011 fourth quarter and year-end conference call.

The members of the Diana Shipping management team who are with us today include 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 could see in this entirety and today’s new release. Certain statements made during this conference call which are not statements of historical fact are forward-looking statements of historical facts are forward-looking statements made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act.

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