Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 265

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 265
---
 respects,

the financial

position of

the Company at

December

31, 2023,

and the

results of

its operations

and its

cash flows

for each

of the

two years

in the

period ended

December 31, 2023, in conformity with U. S. generally accepted accounting principles.

Basis for Opinion

These

financial

statements

are

the

responsibility

of

the

Company's

management.

Our

responsibility

is

to

express an

opinion on the Company’s

financial statements

based on our audits.

We are

a public accounting

firm

registered

with

the

PCAOB

and

are

required

to

be

independent

with

respect

to

the

Company

in

accordance with the U. S. federal securities

laws and the applicable

rules and regulations of the

Securities and

Exchange Commission and the PCAOB.

We conducted

our audits in

accordance with

the standards

of the PCAOB.

Those standards

require that

we

plan and perform the audit

to obtain reasonable assurance

about whether the financial statements

are free

of material

misstatement, whether due

to error or

fraud. Our

audits included

performing procedures to

assess

the risks of material

misstatement of the financial statements, whether

due to error or

fraud, and performing

procedures

that

respond

to

those

risks.

Such

procedures

included

examining,

on

a

test

basis,

evidence

regarding

the amounts

and disclosures

in the

financial statements.

Our audits

also included

evaluating the

accounting principles used and significant estimates

made by management, as well as evaluating

the overall

presentation

of

the

financial

statements.

We

believe

that

our

audits

provide

a

reasonable

basis

for

our

opinion.

/s/

Ernst & Young

(Hellas) Certified Auditors Accountants S. A.

We have served as the Company’s auditor from 2004 to 2023.

Athens, Greece

April 4, 2024

F-7

DIANA SHIPPING INC.

CONSOLIDATED BALANCE SHEETS

December 31, 2024 and 2023

(Expressed in thousands of U. S. Dollars -