Welcome to the Diana Shipping 2024 second quarter conference call and webcast. At this time, all participants are in a listen-only mode. The question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the call over to Edward Nebb, Investor Relations Advisor. Thank you. You may begin. Thank you, Daryl, and thanks to everyone who is joining us today for the Diana Shipping Inc. 2024 second quarter conference call. With us today from management is Semiramis Paliou, Chief Executive Officer, who will introduce the other members of the management team. And so without further ado, I will turn the call over to Ms. Paliou. Thank you, Ed. Good morning, ladies and gentlemen, and welcome to Diana Shipping Inc.'s second quarter 2024 financial results conference call. I'm, as Ed said, Semiramis Paliou, the CEO of Diana Shipping, and it's my pleasure to present alongside our esteemed team, Mr. Stacy Margaronis, Director and President, Mr. Ioannis Zafirakis, Director, CFO, and Chief Strategy Officer, Mr. Eleftherios Papatrifon, Director, and Ms. Maria Dede, Chief Accounting Officer. Before we begin, please review the forward-looking statements on page four of the accompanying investor presentation. After a strong first quarter, the second quarter has remained resilient. The average Baltic time charter rates for Capesize vessels fell around 7%, while Panamax rates increased by 6% and Supramax rates rose by 16%. Compared to recent years, the end of the second quarter and the start of the third quarter are somewhat muted, but sentiment remains strong, as shown by the time charter rates in our most recent period fixtures. Turning to slide five, let's review our company snapshot. Founded in 1972 and listed on the New York Stock Exchange since 2005, Diana Shipping Inc. operates a fleet of 39 dry bulk vessels, five of which are mortgage-free, with an average age of 11 years and a total deadweight of approximately 4.4 million tons. We are expecting the delivery of two methanol dual-fueled newbuilding Kamsarmax dry bulk vessels in around 2027 and 2028. Our fleet utilization reached 99.5% in the second quarter of 2024, reflecting our efficient vessel management. As of the end of June, we employed 1,000 people at sea and the shore. Financially, our net debt stands at 38% of market value, with $140 million in cash reserves and total secured revenues of approximately $145 million. On slide six, we highlight key developments from the second quarter. We rechartered eight vessels year-to- date, with an average charter rate increase of 11%, with high-quality counterparts. On June 18, 2024, we announced the pricing of $150 million placement in the Norwegian market of senior unsecured bonds maturing in July 2028-2029, with an 8.75% fixed rate coupon. The net proceeds from the bonds were used to refinance all of the company's $125 million U.S. dollars senior unsecured bond due in 2026. As of July 24, 2024, we raised $25.3 million from the exercise of warrants under our ongoing warrant program, with a further $65 million possible. On July 25, 2024, we signed a $167.3 million, six-year secured term loan facility with Nordea Bank, secured by 10 vessels. This refinancing released 2 previously mortgaged vessels. We have secured revenue for 74% of the remaining ownership days of 2024, amounting to approximately $76.8 million and approximately $68.9 million for 2025, covering 26% of the available ownership days. Ioannis will provide a more detailed analysis of our cash flow generation potential later on. Finally, we are pleased to declare a quarterly cash dividend for the quarter ending June 30th of $7.50 per common share, totaling approximately $9.4 million. Slide seven summarizes our recent chartering activity. Since our last earnings presentation, we have secured profitable time charters for eight vessels. Specifically, we chartered one Ultramax vessel at a daily rate of $15,400 for 316 days. We chartered six Panamax and Post-Panamax vessels at a weighted average daily rate of $15,455 for 259 days and one Newcastlemax vessel at $28,700 for 438 days. Slide eight illustrates our strategy of staggered charters that we believe will result in positive free cash flows and efficient market participation. Now I'll pass the floor to Ioannis for a detailed financial analysis. Ioannis? Thank you. Thank you, Semiramis. Here we are again for our conference call for the results, and we are going to be talking about the second quarter of 2024 financials. I think this slide, the most important point for someone to notice is the net loss of $2.8 million. However, this has been influenced on, from some non-cash items like the pricing of the warrants and also our shareholding in OceanPal calculation accounting wise. Otherwise, we would have been on the positive side as regards the net income. Our cash and cash equivalent stands at under $40 million, and our long-term debt and financial liabilities, net of deferred financing costs, has decreased, and it is at $613.5 million. Moving to the next slide, our ownership days have decreased compared to the ownership days for the same quarter in 2023. But we have kept the utilization very high. Of course, the time charter equivalent rate has decreased to $15,106, compared to $17,311 in the same quarter of the previous year. Now, in the six-month period, again, you can see the ownership days that have increased and also decreased, sorry, I beg your pardon, and also the time charter equivalent that has decreased to approximately $15,000 from $17,900 in the previous six months. The daily operating expenses we have kept at very similar levels. Moving to our debt profile. We are very happy, as we have said in the past, the way we have managed our credit facilities together with the sale and leaseback facilities and also the senior unsecured bond. Basically, the way now the debt profile is that, basically, we have no maturities except a small one in 2028, and we start having maturities in 2029. Also, if you notice at the bottom, graph, the projected senior unsecured bond balance together with the, sale and leaseback and amortized balance and the loan balances, is supposed to be decreasing steadily and slowly, till 2029 onwards. In the next slide, here again, we show that, based on our fixed days and our unfixed days, if we were to project, using the FFA rates as of July 26, 2024, there is some room to have a profit in 2024, and also, in cash flow wise, and also in 2025. As regards our dividend policy, we are very happy also that we managed to accumulate since 2021, the third quarter of 2021, $2.634 per common share. This is you can see that, and also our CEO also mentioned that we just announced another $7.50 per share. I think then Stacy Margaronis is going to follow now with the dry bulk market overview. Thank you, Ioannis. As mentioned in our last call, geopolitical developments have continued to have a profound effect on the developments in the dry bulk carrier market during the second quarter of this year as well. The twelve-month time charter rate for Capes started the year at $19,500 per day, and the latest fixtures were around $22,100 per day. For Kamsarmaxes, the figures were $14,500 per day, and $15,600 respectively, and for Supramaxes, rates started the year at $13,000 a day, and recent fixtures were around $14,000 per day. The highest levels for Capes and Kamsarmaxes were reached in March this year at $27,000 a day and $17,000 a day, respectively. Rates reached their highest level early this month for Supramaxes at around $16,000 a day. As reported by Clarksons, during the first five months of this year, average sector earnings were $15,750 per day, up 40% on a year-on-year basis. The main reasons for this firmness were firm bulker demand in the Atlantic, created by, firstly, Brazilian iron ore exports. Secondly, Guinea bauxite exports. T hirdly, Brazilian grain exports. Fourth, US East Coast coal and grain exports, and finally, manganese ore shipments from West Africa, mainly Ghana and Gabon. According to Braemar, due to its use in steel making, China remains the dominant driver for manganese imports, while shipments to India might be rising soon as well. Growth in this group of commodity shipments mentioned above is expected to add 500 billion ton miles to dry bulk demand this year alone, which would represent about 45% of dry bulk demand growth in ton miles. Added to the above have been the positive impact from the Red Sea and Panama Canal disruptions, which according to Clarksons have increased bulker demand by about 1.2% over the last twelve months. As regards the Panama Canal, bulker transits until recently have been one-third their normal number. These might start increasing during the second half of the year, which will somewhat reduce ton mile demand going forward. Average bulker earnings in 2021 were $26,887 per day, and in 2022, $20,478. So the market has plenty of catching up to do before reaching those levels. Turning to macroeconomic news, the expected GDP growth figures, as published by the IMF, are shown in this slide. World GDP growth, which has been adjusted slightly upward to 3.2% this year and 3.3% in 2025, is supportive for demand for bulk carriers, particularly through its effect on mine and bulk trade. Overall, Clarksons predicts that dry bulk ton mile trade growth this year will be 3.9%, outpacing fleet growth of 3.1%. Slower bulk carrier operating speeds down about 1% so far this year, and the gradual rise in port congestion from last year's lows, particularly in Brazil, are also likely to support earns. Turning to the demand side, major bulker commodities such as iron ore, coal, and grains, are all expected to grow this year around 2%-3%. As for 2025, iron ore shipments are expected by Clarksons to drop by 1% to 1.576 billion tons, as well as thermal coal growth, which might come in negative by 1% and reach 1.033 billion tons. The rest of the major commodities should show some growth going into 2025. Chinese seaborne iron ore imports were up 7% year-on-year between January and May this year, reaching 505 million tons. These were supported by softer iron ore prices, despite concerns about stocks in Chinese ports. The seaborne minor bulk trade is also expected to grow by about 3% in 2024, and by the same percentage next year, and reach 2.269 billion tons. This trade is more directly related to world growth, and macroeconomic headwinds are expected to ease somewhat for the rest of this year and into 2025, thus lending support to shipments of such commodities as agribulks, fertilizers, sugar, minerals, and related products. Demand from China is expected to remain strong through the end of this year and into 2025. However, the potential onset of a strong La Niña event later this year could bring weather disruptions in the operation of key exporters such as Australia and Brazil and Indonesia. On slide 17, we turn to supply. According to Clarksons, bulk carrier contracting has so far been slower in 2024 compared to 2023, with 148 vessels contracted between January and May this year, down 40% year-on-year. Deliveries are currently projected to reach 35 million deadweight tons this year before easing back in 2025 to around 33 million deadweight tons. The Capesize fleet is expected to increase by 1.8% this year and by a mere 1.3% in 2025. For the Panamax/Kamsarmaxes, the expected increases are 3.5% and 3% respectively. The Handymax fleet is expected to increase by 4.1% this year and about the same in 2025. Looking at the order book, according to figures provided by Clarksons, as of July 1 this year, there were 26.2 million deadweight tons worth of Capes on order, representing just 6.6% of the trading fleet. The 32.7 million deadweight tons worth of Panamax on order represents 13% of the existing fleet. On the Handymax side, there were 26.8 million deadweight on order, which were 11.1% of the trading fleet. According to Braemar, congestion is apparently on the rise again. Leading this trend are ports in Brazil, where according to the International Grains Council's annual conference report in June, many of the factors that caused the surge in congestion in 2023 are reappearing today as well. Some of these are sugar exports, putting pressure on sugar terminals and soybean exports likely to carry over into the third quarter corn export season. Turning to asset prices now. According to Clarksons, the overall change in bulk carrier asset values in July over the past 12 months was an increase of 22%. Kamsarmaxes, and particularly Capes, lead this overall increase. According to Clarksons, five-year-old Capes are worth about $64 million today, and the resale new building price stands at around $77 million. Five-year-old Kamsarmaxes are selling at around $38.5 million, while new building resale would bring about $43.5 million today. All these are for ships with conventional engines. On the demolition side, according to Simpson Spence Young, during the first half of 2024, around 190 bulkers were committed to be scrapped, amounting to 3.73 million deadweight. Statistics provided by Clarksons show that 5.4 million deadweight worth of bulk carriers were sold for scrap in 2023, and 2.3 million deadweight tons have been scrapped so far this year. Prices have remained relatively steady at between $500 and $525 per light weight. Scrapping in 2025 will very much depend on the state of the freight market at the time, as well as sentiment for the medium-term prospects of the industry. It is worth noting that most of the huge numbers of bulkers that were delivered between 2009 and 2011 will soon have to pass their third special survey and will be required to comply with the latest environmental restrictions on emissions. Depending on their overall condition and state of the market, several of these ships will be sold for scrap. On slide 18, we have the outlook of our industry, and we list several, several items as bullet points, which are positive and negative for our industry. Braemar and Clarksons believe that the Capesize market is expected to continue benefiting through the second half of this year from firm Atlantic iron ore, bauxite, and manganese exports. The latter have recently started being shipped not only in gearless Ultramaxes, but larger vessels as well. Looking ahead into 2025, Clarksons predicts that there could be a small easing in markets as dry bulk trade is projected to grow by 1% in ton-miles, slightly below the fleet growth of about 2.5%. This assumes that the Red Sea disruption will gradually ease as the year progresses. Impact from environmental policies will influence earnings going forward. That 25% of the bulk carrier fleet capacity is estimated to have been rated D or E for CII last year. This fact, together with even slower operating speeds, ESG retrofitting, and the demolition of older units, will also influence the supply-demand balance over the next few quarters. Therefore, there is no firm direction that the market is expected to go from the rest of this year and into 2025. However, as we have mentioned on numerous past conference calls, then the strategy is to avoid predicting future trends in fleet earnings and charter vessels in a staggered way, as has been the case in 2005. This strategy helps avoid a cluster of vessels opening at the same time and smoothens out the company's cash flow over the medium and long term. I'll now pass the call to our CEO, Semiramis Paliou, to provide some important takeaway points from our quarterly earnings call. Thank you. Thank you, Stacy. Before summarizing today's presentation, I'd like to highlight our ESG initiatives. We are committed to promoting eco-friendly technologies, modernizing our fleet, and transparently sharing emission data. We build on partnerships and collaborations to further our goals. We have developed an equity, diversity, and inclusion program, and we continuously invest in our people. For the past four years, we have published our ESG report and remain committed to embracing and improving our standards. Moving on to slide 20. In summary, Diana Shipping Inc., with over 50 years of experience and nearly 20 years on the NYSE, has an experienced management team ready to tackle industry challenges. We maintain strong stakeholder relationships and a disciplined strategy, focusing on a solid balance sheet, a countercyclical approach, fleet modernization, rewarding our shareholders whenever possible, and a robust ESG strategy. Thank you for joining us today. We now look forward to addressing your questions during the Q&A session. Thank you. At this time, we'll be conducting a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you would like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment, please, while we poll for your questions. Thank you. I'm not showing any questions at this time. I'd like to turn the floor back over to management for closing remarks. Thank you. Once again, thank you all for joining us today. Thank you. This does conclude today's teleconference. We appreciate your participation. You may disconnect your lines at this time. Enjoy the rest of your day.