Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 81

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 81
---

11.4 years.

We also

have two

Kamsarmax vessels under

construction with expected

deliveries in

2027 and 2028.

As of December

31, 2024,

we had a

fleet of 38

dry bulk

carriers, owned and

chartered-in, consisting

of nine

Ultramax,

six

Panamax,

six

Kamsarmax,

five

Post-Panamax,

eight

Capesize

and

four

Newcastlemax

vessels, having

a combined

carrying capacity

of approximately

4.2 million

dwt and a

weighted average

age

of 11.3 years.

As of December

31, 2023,

we had a

fleet of 40

dry bulk

carriers, owned and

chartered-in, consisting

of nine

Ultramax, seven

Panamax, six

Kamsarmax, five

Post-Panamax, nine

Capesize and

four Newcastlemax

vessels, having

a combined

carrying capacity

of approximately

4.5 million

dwt and a

weighted average

age

of 10.5 years.

As

of

December

31,

2022,

we

had

a

fleet

of

42

dry

bulk

carriers,

consisting

of

eight

Ultramax,

eight

Panamax, six Kamsarmax, five Post-Panamax, eleven Capesize and four

Newcastlemax vessels,

having

a combined carrying capacity of approximately 4.9 million dwt and a weighted average age of 10.2 years.

As of

December 31,

2022, the

Company had

agreed to

acquire a

2016 built

Ultramax dry

bulk vessel

of

60,309 dwt, delivered on January 30, 2023.

During

2024,

2023

and

2022,

we

had

a

fleet

utilization

of

99.7%,

99.7%

and

98.9%,

respectively,

our

vessels achieved daily

time charter equivalent

rates of

$15,267, $16,713 and

$22,735, respectively,

and

we generated revenues of $228.2 million, $262.1 million and $290.0

million, respectively.

We