Summary of Selected Financial &Other Data (unaudited)
Three months ended December 31,	Year ended December 31,
2015	2014	2015	2014
STATEMENT OF OPERATIONS DATA (in thousands of US Dollars)
Time charter revenues	$	38,285	$	46,134	$	157,712	$	175,576
Voyage expenses	3,424	3,457	15,528	10,665
Vessel operating expenses	23,578	22,336	88,272	86,923
Net loss	(22,497)	(6,235)	(64,713)	(10,268)
Net loss attributed to common stockholders	(23,939)	(7,677)	(70,482)	(15,348)
FLEET DATA
Average number of vessels	42.1	39.0	40.8	37.9
Number of vessels	43.0	39.0	43.0	39.0
Weighted average age of vessels	7.4	7.1	7.4	7.1
Ownership days	3,870	3,588	14,900	13,822
Available days	3,802	3,530	14,600	13,650
Operating days	3,795	3,501	14,492	13,564
Fleet utilization	99.8%	99.2%	99.3%	99.4%
AVERAGE DAILY RESULTS
Time charter equivalent (TCE) rate (1)	$	9,169	$	12,090	$	9,739	$	12,081
Daily vessel operating expenses (2)	$	6,093	$	6,225	$	5,924	$	6,289

(1) Time charter equivalent rates, or TCE rates, are defined as our time charter revenues less voyage expenses during a period divided by the number of our available days during the period, which is consistent with industry standards. Voyage expenses include port charges, bunker (fuel) expenses, canal charges and commissions. TCE is a non-GAAP measure. TCE rate is a standard shipping industry performance measure used primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day amounts while charter hire rates for vessels on time charters are generally expressed in such amounts.

(2) Daily vessel operating expenses, which include crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the costs of spares and consumable stores, tonnage taxes and other miscellaneous expenses, are calculated by dividing vessel operating expenses by ownership days for the relevant period.

## Conference Call and Webcast Information

The Company's management will conduct a conference call and simultaneous Internet webcast to review these results at 9:00 A.M. (Eastern Time) on Wednesday, March 2, 2016.

Investors may access the webcast by visiting the Company's website at www.dianashippinginc.com, and clicking on the webcast link. The conference call also may be accessed by telephone by dialing 1-877-407-8291 (for U.S.-based callers) or 1-201-689-8345 (for international callers), and asking the operator for the Diana Shipping Inc. conference call.

A replay of the webcast will be available soon after the completion of the call and will be accessible for 30 days on www.dianashippinginc.com. A telephone replay also will be available for 30 days by dialing 1-877-660-6853 (for U.S.- based callers) or 1-201-612-7415 (for international callers), and providing the Replay ID number 13630282.

## About the Company

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership of dry bulk vessels. The Company's vessels are employed primarily on medium to long -term time charters and transport a range of dry bulk

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