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Diana Shipping's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Stocks in this article: DSX

Diana Shipping Inc. (DSX)

Q1 2012 Earnings Call

May 3, 2012 9:00 am ET

Executives

Edward Nebb – Investor Relations, Comm-Counsellors, LLC

Simeon P. Palios – Chief Executive Officer

Anastassis Stacey Margaronis – President

Andreas Michalopoulos – Chief Financial Officer and Treasurer

Analysts

Michael Webber – Wells Fargo Securities, LLC

Erik Nikolai Stavseth – Arctic Securities

Brandon R. Oglenski – Barclays Capital Equity Research

Sal Vitale – Sterne, Agee

Presentation

Operator

Greetings and welcome to Diana Shipping Inc.’s First Quarter 2012 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, Mr. Edward Nebb, Investor Relations Advisor for Diana Shipping. Thank you. Mr. Nebb, you may begin.

Edward Nebb

Thank you, Louis. Hello, everyone and welcome to the Diana Shipping Incorporated 2012 first quarter conference call.

The members of the Diana Shipping management team who are with us today include Mr. Simeon Palios, Chairman and Chief Executive Officer; Mr. Anastassis 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 is attached as part of the new release. Certain statements made during this conference call, which are not statements of historical fact are forward-looking statements and made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act.

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