September 16, 2014 9:45 AM ET

Transportation Infrastructure

Company Overview of Diana Shipping Services S.A.

Company Overview

Diana Shipping Services S.A. provides commercial fleet technical and management services in Greece. It looks after contracts, off shore routes, fleets maintenance, repair, cargo and bulk orders, administrative requirements, operating expenses, and cargo costs; general market conditions, including fluctuations in charter rates and vessel values and changes in demand for dry bulk shipping capacity; changes in operating expenses, including bunker prices, drydocking and insurance costs; market for vessels, availability of financing and refinancing; changes in governmental rules and regulations or actions taken by regulatory and international political conditions; potential disruption authorities...

16 Pentelis Str.

Palaio Faliro

Athens,  175 64

Greece

Phone:

30 210 94 70 100

Fax:

30 210 94 24 995

Key Executives for Diana Shipping Services S.A.

Chairman and Chief Executive Officer
Age: 73
Compensation as of Fiscal Year 2014.

Diana Shipping Services S.A. Key Developments

Diana Shipping Services and Two Engineers Convicted in Magic Pipe Case in Norfolk

Diana Shipping Services S.A., a Panamanian corporation headquartered in Greece, Ioannis Prokakis and Antonios Boumpoutelos, both citizens of Greece, were convicted after an 12-day bench trial on charges related to the illegal discharge of waste oil and oil-contaminated waste water from the M/V Thetis, a cargo vessel operated by Diana Shipping Services, announced Robert G. Dreher, Acting Assistant Attorney General for the Justice Departments Environment and Natural Resources Division, Neil H. MacBride, U.S. Attorney for the Eastern District of Virginia, Otis E. Harris, Jr., Special Agent in Charge, Coast Guard Investigative Service, Chesapeake Region, and David G. McLeod, Jr., Special Agent in Charge of EPAs criminal enforcement program for the Middle Atlantic States.All the defendants were convicted of conspiracy, knowing failure to fully maintain an oil record book, falsification of records and concealing tangible objects in a federal investigation. In addition, Prokakis was also convicted of obstruction of justice for ordering crewmembers to lie to U.S. Coast Guard inspectors on board the ship. The guilty verdicts were handed down by U.S. District Judge Mark S. Davis of the Eastern District of Virginia. The pollution of oceans, the falsification of environmental records, and lying to the U.S. Coast Guard are serious crimes, said Acting Assistant Attorney General Dreher.

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