Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, recently reported net income of $26.4 million for the third quarter of 2011, compared to net income of $33.8 million reported in the third quarter of 2010. Time charter revenues were $64.2 million for the third quarter of 2011, compared to $71.6 million for the same period of 2010, mainly due to reduced average time charter rates and the deconsolidation of Diana Containerships Inc.

Diana Shipping Inc. provides shipping transportation services. It transports dry bulk cargoes that include commodities, such as iron ore, coal, grain, and other materials along worldwide shipping routes.

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