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Diana Shipping's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Diana Shipping Inc. (DSX)

Q2 2012 Earnings Call

August 2, 2012 9:00 a.m. ET

Executives

Edward Nebb - Investor Relations, Comm-Counsellors, LLC

Simeon Palios - Chief Executive Officer

Anastassis Margaronis - President

Andreas Michalopoulos - Chief Financial Officer and Treasurer

Analysts

Michael Webber - Wells Fargo Securities

Joshua Katzeff - Deutsche Bank

Brandon Oglenski - Barclays Capital

Presentation

Operator

Greetings and welcome to Diana Shipping Incorporated Second 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, Edward Nebb, Investor Relations Advisor for Diana Shipping. Thank you. Sir, you may begin.

Edward Nebb

Thank you, Dan, and welcome everyone and welcome to the Diana Shipping Inc. 2012 second 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. Certain statements made during this conference call which are not statements of historical fact are forward-looking statements pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act. Such forward-looking statements are based on assumptions, expectations, projections, intentions and beliefs, as to future events that may not prove to be accurate. For a description of the risks, uncertainties, and other factors that may cause future results to differ materially from the forward-looking statements, please refer to the company’s filings with the Securities and Exchange Commission.

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