Diana Shipping Inc. announced that, effective August 1, 2018, the company increased the size of its Board of Directors from nine to eleven members, and appointed Mr. Christos Glavanis to serve as a Class I Director and appointed Mr. Andreas Michalopoulos, the company’s Chief Financial Officer and Treasurer, to serve as a Class III director, in each case effective August 1, 2018. Mr. Christos Glavanis has over 30 years of experience in the audit profession, serving in several senior roles at Ernst & Young, including as Chairman and Managing Partner of EY Greece from 1987 to 2010 and Managing Partner of EY South East Europe from 1996 to 2010. Mr. Andreas Michalopoulos has served as the Company’s Chief Financial Officer and Treasurer since March 8, 2006 and also has served in these positions with Diana Containerships Inc. since January 13, 2010. In addition, effective August 1, 2018, Mr. Ioannis Zafirakis was appointed to the new position of Chief Strategy Officer of the Company. Mrs. Semiramis Paliou was appointed to succeed Mr. Zafirakis as Chief Operating Officer of the Company. Mr. Zafirakis and Mrs. Paliou both currently serve as members of the Board. Finally, the Board has increased the size of its Executive Committee from three to five members, and has appointed Mr. Andreas Michalopoulos and Mrs. Semiramis Paliou as members of the Executive Committee, effective August 1, 2018.