Diana Shipping Inc. is a global provider of shipping transportation services. The Company is engaged in transporting dry bulk cargoes, including commodities as iron ore, coal, grain and other materials along global shipping routes. The Company’s fleet consists of 19 dry bulk carriers, of which 13 are Panamax and six are Capesize dry bulk carriers, having a combined carrying capacity of approximately two million deadweight tons and a weighted average age of 3.5 years. During the year ended December 31, 2008, the Company had a fleet utilization of 99.6%.