Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 291

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 291
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 to a

third party. For those guarantees excluded from
the above

guidance requiring the

fair value

recognition provision of

the liability,

financial statement
disclosures of such items are made.
dd)
Derivative instruments:
Derivative instruments

are recorded

in the

balance sheet

as either

an asset
or liability measured at its fair value

with changes in the instruments' fair value recognized as

either
a

component

in

other

comprehensive

income

if

specific

hedge

accounting

criteria

are

met

in
accordance

with

guidance

relating

to

“ Derivatives

and

Hedging”

or

in

earnings

if

hedging

criteria
are not met.
New Accounting Pronouncements
In November

2024, the

FASB

issued

ASU 2024-03, “ Income

Statement

-

Reporting

Comprehensive
Income

-

Expense

Disaggregation

Disclosures

(Subtopic 220-40):

Disaggregation

of

Income

Statement
Expenses”.

The

standard

is

intended

to

require

more

detailed

disclosure

about

specified

categories

of
expenses (including employee compensation, depreciation,

and amortization) included in certain expense
captions presented on

the face

of the

income statement. This

ASU is effective

for fiscal

years beginning
after December

15,

2026, and

for

interim

periods

within

fiscal

years

beginning

after December

15,
2027. Early

adoption

is

permitted.

The

amendments may be

applied

either

prospectively

to

financial
statements issued

for reporting

periods after

the effective

date of

this ASU

or retrospectively

to all

prior
periods presented

in the

financial statements.

The Company

is currently

assessing the

impact this

standard
will have on its consolidated financial statements.

3.

Transactions with related parties
a)

Altair Travel Agency S. A. (“ Altair”):
The Company uses the

services of an affiliated

travel agent,
Altair, which is controlled by the Company’s CEO Mrs. Semiramis Paliou. Travel expenses for 2024, 2023
and

2022

amounted

to

$