CORRECTED - CORRECTED-UPDATE 1-Diana Shipping Q3 net falls

(Corrects first bullet point to show year-ago numbers are in millions. Attributing analysts' estimates in paragraph 3 to Thomson Reuters I/B/E/S, not Reuters Estimates.

* Q3 net income fell $28.7 mln vs $57.6 mln last year

* Expects delivery of capesize vessel in February 2010

BANGALORE, Nov 10 (Reuters) - Diana Shipping Inc (DSX.N) saw quarterly net income fall by half as charter hire rates remained low for its ships due to the global economic slowdown and on increased off-hire and drydock days.

Net income for the third quarter fell to $28.7 million, or 36 cents a share, compared with $57.6 million, 77 cents a share, a year ago. Voyage and time charter revenue fell by a third to $58.2 million.

Analysts were expecting earnings of 34 cents a share, according to Thomson Reuters I/B/E/S.

The Greek dry bulk carrier is expecting delivery of an additional capesize vessel with "profitable charter" in February 2010, Chief Executive Officer Simeon Palios said in an earnings release.

Besides, the firm intends to buy attractively priced vessels in a "gradual and disciplined manner" over the next two years, Palios said. (Reporting by Swati Pandey; Editing by Anil D'Silva)