Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 97

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 97
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 (applicable

national authorities

such as

the

United

States

Coast

Guard (“ USCG”),

harbor

master

or

equivalent),

classification

societies,

flag

state

administrations

(countries

of

registry)

and

charterers,

particularly

terminal

operators.

Certain

of

these

entities require us to obtain permits, licenses, certificates and other authorizations for the operation of our

vessels. Failure to maintain

necessary permits or approvals

could require us to

incur substantial costs or

result in the temporary suspension of the operation of one or more

of our vessels.

Increasing

environmental

concerns

have

created

a

demand

for

vessels

that

conform

to

stricter

environmental

standards.

We

are

required

to

maintain

operating

standards

for

all

of

our

vessels

that

emphasize

operational

safety,

quality

maintenance,

continuous

training

of

our

officers

and

crews

and

compliance with United States and international regulations. We

believe that the operation of

our vessels

is in substantial compliance with applicable environmental

laws and regulations and that our vessels have

all

material

permits,

licenses,

certificates

or

other

authorizations

necessary

for

the

conduct

of

our

operations. However, because such laws and regulations frequently

change and may impose increasingly

stricter

requirements,

we

cannot

predict

the

ultimate

cost

of

complying with

these

requirements,

or

the

impact of these requirements

on the resale value

or useful lives of

our vessels. In

addition, a future

serious

marine incident that causes

significant adverse environmental impact could result

in additional legislation

or regulation that could negatively affect our profitability.

International Maritime Organization

The International Maritime

Organization, the United

Nations agency for

maritime safety and the

prevention

of pollution

by vessels (the “ IMO”),

has adopted

the International

Convention for

the Prevention

of Pollution

from Ships, 1973, as modified

by the Protocol of

1978 relating thereto, collectively

referred to as MARPOL

73/78 and

herein as “ MARPOL,”

the International

Convention for

the Safety