# EDGAR Filing Document

**Accession Number:** 0002037831
**File Stem:** 0001104659-25-058747
**Filing Date:** 2025-6
**Character Count:** 22939
**Document Hash:** 40cfa80af10c5138c6029af2a0247da5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-058747.hdr.sgml**: 20250612

**ACCESSION NUMBER**: 0001104659-25-058747

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20250612

**DATE AS OF CHANGE**: 20250612

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DIANA SHIPPING INC.
- **CENTRAL INDEX KEY:** 0001318885
- **STANDARD INDUSTRIAL CLASSIFICATION:** DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-81513
- **FILM NUMBER:** 251041804

**BUSINESS ADDRESS:**
- **STREET 1:** PENDELIS 16
- **STREET 2:** 175 64 PALAIO FALIRO
- **CITY:** ATHENS
- **STATE:** J3
- **ZIP:** 00000
- **BUSINESS PHONE:** 30-210-947-0100

**MAIL ADDRESS:**
- **STREET 1:** PENDELIS 16
- **STREET 2:** 175 64 PALAIO FALIRO
- **CITY:** ATHENS
- **STATE:** J3
- **ZIP:** 00000
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** F. Laeisz GmbH
- **CENTRAL INDEX KEY:** 0002037831

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** TROSTBRUCKE 1
- **CITY:** HAMBURG
- **STATE:** 2M
- **ZIP:** 20457
- **BUSINESS PHONE:** 011494036808253

**MAIL ADDRESS:**
- **STREET 1:** TROSTBRUCKE 1
- **CITY:** HAMBURG
- **STATE:** 2M
- **ZIP:** 20457

## Ex-99.A

**ANNEX A**

**<u>F. Laeisz GmbH</u>**

Unless otherwise noted, the business address of each person listed below is Trostbruecke 1, 20457 Hamburg, Germany. Each person listed below is a German citizen.

Nikolaus H. Schües, Managing Director and CEO

Present principal occupation: CEO of F. Laeisz GmbH ("Laeisz")

Hannes Thiede, Managing Director and Chief Operating Officer

Present principal occupation: Chief Operating Officer of Laeisz

Volker Redersborg, Managing Director and Chief Financial Officer

Present principal occupation: Chief Financial Officer of Laeisz

Joern Scheller, Director, Finance

Present principal occupation: Director, Finance of Laeisz

The principal business of Laeisz is to act as an investment holding company with focus on shipping related businesses. The business address of Laeisz is Trostbruecke 1, 20457 Hamburg, Germany.

**<u>KG Reederei N. Schües mbH + Co.</u>**

Unless otherwise noted, the business address of each person listed below is Trostbruecke 1, 20457 Hamburg, Germany. Each person listed below is a German citizen.

Nikolaus H. Schües, Managing Director

Present principal occupation: CEO of Laeisz

The principal business of Reederei is an investment holding company. The business address of Reederei is Trostbruecke 1, 20457 Hamburg, Germany.

## Exhibit 99.1

**Exhibit 99.1**

JOINT FILING AGREEMENT

The undersigned hereby agree to jointly prepare and file with regulatory authorities this Schedule 13D and any future amendments thereto reporting each of the undersigned's ownership of securities of Diana Shipping Inc. and hereby affirm that such Schedule 13D is being filed on behalf of each of the undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that he or it knows or has reason to believe that such information is inaccurate.

---

| | |
|:---|:---|
| June 12, 2025 | June 12, 2025 |
| Date | Date |
| F. Laeisz GmbH | F. Laeisz GmbH |
| By: | /s/ Hannes Thiede |
| Name: Hannes Thiede | Name: Hannes Thiede |
| Title: Managing Director/COO | Title: Managing Director/COO |
| By: | /s/ Joern Scheller |
| Name: Joern Scheller | Name: Joern Scheller |
| Title: Director Finance | Title: Director Finance |
| KG Reederei N. Schües mbH + Co. | KG Reederei N. Schües mbH + Co. |
| By: | /s/ Nikolaus H. Schües |
| Name: Nikolaus H. Schües | Name: Nikolaus H. Schües |
| Title: Authorized Signatory | Title: Authorized Signatory |
| /s/ Nikolaus H. Schües | /s/ Nikolaus H. Schües |
| Nikolaus H. Schües | Nikolaus H. Schües |

---

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**DIANA SHIPPING INC.**

*(Name of Issuer)*

**Shares of Common Stock, par value $0.01 per share**

*(Title of Class of Securities)*

**Y2066G104**

*(CUSIP Number)*

**Joern Scheller**<br>Trostbruecke 1<br>Hamburg 2M 20457<br>49 40 36808 253

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**06/06/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **Y2066G104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**F. Laeisz GmbH** | Name of reporting person<br>**F. Laeisz GmbH** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**2M** | Citizenship or place of organization<br>**2M** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7699053.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7699053.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7699053.00** | Aggregate amount beneficially owned by each reporting person<br>**7699053.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.6%** | Percent of class represented by amount in Row (11)<br>**6.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 8: Represents 6,905,000 shares of common stock of the Issuer, par value $0.01 per share ("Common Shares"), and 794,053 Common Shares issuable upon the conversion of 482,766 warrants, in each case held by F. Laeisz GmbH. F. Laeisz GmbH disclaims beneficial ownership in the Common Shares reported herein except to the extent of its pecuniary interest therein.   The warrants are convertible at a current conversion rate of 1.64480, which includes a "Bonus Share Fraction," as set forth and described in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on March 21, 2025, which is readjusted periodically in conjunction with the record date for dividends or distributions on the Common Shares.

Row 13: Percentage calculation based on a denominator equal to (a) 115,772,780 Common Shares outstanding as of May 29, 2025, as reflected in the report on Form 6-K filed by the Issuer on May, 29, 2025 plus (b) 482,766 warrants outstanding (multiplied by the conversion rate), in each case held by F. Laeisz GmbH.

| **CUSIP No.** | **Y2066G104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**KG Reederei N. Schues mbH + Co.** | Name of reporting person<br>**KG Reederei N. Schues mbH + Co.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**2M** | Citizenship or place of organization<br>**2M** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7699053.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7699053.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7699053.00** | Aggregate amount beneficially owned by each reporting person<br>**7699053.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.6%** | Percent of class represented by amount in Row (11)<br>**6.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**CO** | Type of Reporting Person (See Instructions)<br>**CO** | |

---

**Comment for Reporting Person:** Row 8 and 10: Represents 6,905,000 shares of common stock of the Issuer, par value $0.01 per share ("Common Shares"), and 794,053 Common Shares issuable upon the conversion of 482,766 warrants, in each case held by F. Laeisz GmbH, of which KG Reederei N. Schues mbH + Co. owns a 48% controlling share and therefore, may be deemed a beneficial owner of such Common Shares. KG Reederei N. Schues mbH + Co. disclaims beneficial ownership in the Common Shares reported herein except to the extent of its pecuniary interest therein.  The warrants are convertible at a current conversion rate of 1.64480, which includes a "Bonus Share Fraction," as set forth and described in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on March 21, 2025, which is readjusted periodically in conjunction with the record date for dividends or distributions on the Common Shares.

Row 11 and 13: Percentage calculation based on a denominator equal to (a) 115,772,780 Common Shares outstanding as of May 29, 2025, as reflected in the report on Form 6-K filed by the Issuer on May, 29, 2025 plus (b) 482,766 warrants outstanding (multiplied by the conversion rate), in each case held by F. Laeisz GmbH.

| **CUSIP No.** | **Y2066G104** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Nikolaus H. Schues** | Name of reporting person<br>**Nikolaus H. Schues** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**2M** | Citizenship or place of organization<br>**2M** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**7699053.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**7699053.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**7699053.00** | Aggregate amount beneficially owned by each reporting person<br>**7699053.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**6.6%** | Percent of class represented by amount in Row (11)<br>**6.6%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

**Comment for Reporting Person:** Row 8, 10, and 11: Represents 6,905,000 shares of common stock of the Issuer, par value $0.01 per share ("Common Shares"), and 794,053 Common Shares issuable upon the conversion of 482,766 warrants, in each case held by F. Laeisz GmbH, of which KG Reederei N. Schues mbH + Co. owns a 48% controlling share, of which Mr. Schues owns a controlling share and therefore, may be deemed a beneficial owner of such Common Shares. Mr. Schues disclaims beneficial ownership in the Common Shares reported herein except to the extent of his pecuniary interest therein. The warrants are convertible at a current conversion rate of 1.64480, which includes a "Bonus Share Fraction," as set forth and described in the Issuer's annual report on Form 20-F filed with the Securities and Exchange Commission on March 21, 2025, which is readjusted periodically in conjunction with the record date for dividends or distributions on the Common Shares.

Row 13: Percentage calculation based on a denominator equal to (a) 115,772,780 Common Shares outstanding as of May 29, 2025, as reflected in the report on Form 6-K filed by the Issuer on May, 29, 2025 plus (b) 482,766 warrants outstanding (multiplied by the conversion rate), in each case held by F. Laeisz GmbH.

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Shares of Common Stock, par value $0.01 per share

**(b) Name of Issuer:**
DIANA SHIPPING INC.

**(c) Address of Issuer's Principal Executive Offices:**
PENDELIS 16, 175 64 PALAIO FALIRO, ATHENS, J3, 00000

This joint statement on Schedule 13D is filed with respect to the shares of common stock, par value $0.01 per share (the "Common Shares"), of Diana Shipping Inc., a Marshall Islands corporation (the "Issuer"). The principal executive office and mailing address of the Issuer is Pendelis 16, 175 64 Palaio Faliro, Athens, Greece.

**Item 4. Purpose of Transaction**

The information set forth in Item 3, Item 5 and Item 6 above is hereby incorporated herein by reference.

General

The Reporting Persons acquired beneficial ownership of the Common Shares required herein for investment purposes, and such acquisitions were made in the Reporting Persons' ordinary course of business. The Reporting Persons filed an initial Schedule 13G on October 18, 2024. The Schedule 13G was amended on April 30, 2025 to reflect (i) additional purchases of Common Shares in the ordinary course of business and (ii) the readjusted conversion rate of the warrants held by the Reporting Persons that are convertible into Common Shares, since the filing of the original Schedule 13G.

The Reporting Persons are filing this Schedule 13D to supersede their previously filed Schedule 13G and amendment thereto to report a change in their intentions.

The Reporting Persons intend to seek to engage in a dialogue with the Issuer's Board of Directors (the "Board") and management about operational and strategic opportunities to maximize shareholder value including potential asset or corporate consolidation opportunities, including transactions in which the Reporting Persons may seek to participate and potentially engage.

The Reporting Persons may consider, explore and/or develop plans and/or make proposals (whether preliminary or firm) with respect to, among other things, the matters set forth above, potential changes in the Issuer's operations, management, organizational documents, the composition of the Board, ownership, capital or corporate structure, dividend policy, strategy and plans of the Issuer, and other proposals that, if effected, may result in one or more of the events described in clauses (a) - (j) of Item 4 of Schedule 13D.

The Reporting Persons intend to communicate with the Issuer's management and Board about a broad range of operational and strategic matters (including the matters set forth above) and to communicate with other shareholders, knowledgeable industry or market participants or other persons, including potential acquirers, service providers and financing sources regarding the foregoing. The Reporting Person may exchange information with any such persons pursuant to appropriate confidentiality or similar agreements which may include customary standstill provisions.

Except as disclosed in this Schedule 13D, none of the Reporting Persons has any current plans or proposals which relate to or would result in any of the events described in clauses (a) through (j) of the instructions to Item 4 of Schedule 13D. The Reporting Persons, however, intend to review their investment in the Issuer's Common Shares on a continuing basis. Depending on various factors including, without limitation, the Issuer's financial position and investment strategy, the price levels of the shares, conditions in the securities markets, general economic and industry conditions, and the Issuer's response to the Reporting Persons requests made herein, the Reporting Persons may in the future take such actions with respect to their investment in the Issuer as they deem appropriate in light of existing circumstances from time to time and reserve the right to acquire or dispose of securities of the Issuer, to enter into hedging relationships with respect to such securities, or to formulate other purposes, plans, or proposals in the future depending on market conditions and/or other factors.  In addition, the Reporting Persons may, at any time and from time to time, (i) review or reconsider their position and/or change their purpose and/or formulate plans or proposals with respect thereto and (ii) consider or propose one or more of the actions described  in clauses (a) - (j) of Item 4 of Schedule 13D.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The information set forth in Item 2 above is hereby incorporated herein by reference.

(a) As of June 10, 2025, Laeisz may be deemed to beneficially own 7,699,053 Common Shares, which represent approximately 6.6% of Issuer's outstanding Common Shares, based on 115,772,780 Common Shares outstanding as reflected in the report on Form 6-K filed by the Issuer on May 29, 2025.

As of June 10, 2025, each of Reederei and Mr. Schues may be deemed to beneficially own the 7,699,053 Common Shares held indirectly through control of Laeisz, which represent approximately 6.6% of Issuer's outstanding Common Shares, based on 115,772,780 Common Shares outstanding as reflected in the report on Form 6-K filed by the Issuer on May 29, 2025.

To the best knowledge of the Reporting Persons, none of the Principals beneficially owns any Common Shares.

**(b)**
The information set forth in Item 2, Item 3 and Item 5(a) above is hereby incorporated herein by reference.
Laeisz has the sole power to vote or direct the vote of 0 Common Shares and the shared power to vote or direct the vote of 7,699,053 Common Shares.  Laeisz has the sole power to dispose or direct the disposition of 0 Common Shares and the shared power to dispose or direct the disposition of 7,699,053 Common Shares.

Reederei has the sole power to vote or direct the vote of 0 Common Shares and the shared power to vote or direct the vote of 7,699,053 Common Shares.  Reederei has the sole power to dispose or direct the disposition of 0 Common Shares and the shared power to dispose or direct the disposition of 7,699,053 Common Shares.

Mr. Schues has the sole power to vote or direct the vote of 0 Common Shares and the shared power to vote or direct the vote of 7,699,053 Common Shares.  Mr. Schues has the sole power to dispose or direct the disposition of 0 Common Shares and the shared power to dispose or direct the disposition of 7,699,053 Common Shares.

The Reporting Persons otherwise disclaim beneficial ownership over the Common Shares.

**(c)**
None of the Reporting Persons, and to the knowledge of the Reporting Persons, none of the Principals, has effected any transaction in the Common Shares of the Issuer during the past 60 days.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The responses to Items 3 and 4 of this Schedule 13D are incorporated herein by reference.

The Reporting Persons are parties to an agreement with respect to the joint filing of this Schedule 13D and any amendments thereto. A copy of such agreement is attached as Exhibit 99.1 and is incorporated by reference herein.

Except as disclosed in this Schedule 13D, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons and between the Reporting Persons and any other person with respect to any securities of the Issuer, including but not limited to, transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** F. Laeisz GmbH

**Signature:** /s/ Hannes Thiede

**Name/Title:** Hannes Thiede, Managing Director/COO

**Date:** 06/12/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** KG Reederei N. Schues mbH + Co.

**Signature:** /s/ Nikolaus H. Schues

**Name/Title:** Nikolaus H. Schues, Authorized Signatory

**Date:** 06/12/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Nikolaus H. Schues

**Signature:** /s/ Nikolaus H. Schues

**Name/Title:** Nikolaus H. Schues

**Date:** 06/12/2025