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

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 20
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stantial penalties, fines and other sanctions,

including in certain instances, seizure or

detention of our

vessels.

18

Increased inspection procedures, tighter import and export controls and new security regulations

could increase costs and disrupt our business.

International

shipping

is

subject

to

various

security

and

customs

inspection

and

related

procedures

in

countries of origin,

destination and trans-shipment

points. Under the

U. S. Maritime Transportation Security

Act

of

2002 (“ MTSA”),

the

U. S.

Coast Guard

issued regulations

requiring

the

implementation of

certain

security requirements

aboard vessels

operating in

waters subject

to the

jurisdiction of

the United

States

and

at

certain ports

and facilities.

These security

procedures may

result

in

cargo seizure,

delays in

the

loading, offloading,

trans-shipment or delivery

and the

levying of customs

duties, fines or

other penalties

against us. It is possible

that changes to inspection procedures

could impose additional financial

and legal

obligations on us.

Changes to inspection

procedures could also

impose additional

costs and obligations

on

our customers and

may,

in certain cases,

render the shipment

of certain types

of cargo uneconomical or

impractical.

Any

such

changes

or

developments

may

have

a

material

adverse

effect

on

our

business,

customer relations, financial condition and earnings.

In

addition,

international

shipping

is

subject

to

various

security

and

customs

inspection

and

related

procedures

in

countries of

origin

and

destination and

trans-shipment points.

Inspection

procedures can

result in

the seizure of

the cargo and/or

our vessels, delays

in the

loading, offloading or

delivery and the

levying

of

customs

duties,

fines

or

other

penalties

against

us.

It

is

possible

that

changes

to

inspection

procedures

could

impose

additional

financial

and

legal

obligations

on

us.

Furthermore,

changes

to

inspection procedures

could also

impose additional

costs and

oblig