Diana Shipping Inc., a holding company, was incorporated under the laws of Liberia on March 8, 1999, formerly known as Diana Shipping Investments Corp. In February 2005, the company's articles of association were amended. Under the amended bylaws, the company changed its name to Diana Shipping Inc., and moved its registration from the Republic of Liberia to the Marshall Islands. The company is a global shipping service provider specializing in dry bulk transportation, including iron ore, coal, grain and other cargoes, with global routes.