Company: DSX-PB
Filing Date: 2025-09-15
Form Type: 6-K
Source: 0001562762-25-000232
Chunk: 15

Company: DIANA SHIPPING INC.
Filing Date: 2025-09-15
Form: 6-K
Chunk 15
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 the

six months

ended June

30, 2025,

compared to

$16.7 million

in the

six months

ended

June

30,

2024.

The

increase

was

mainly

due

to

increased

cost

on

restricted

stock

resulting

from

increased

number

of

vested

shares,

including

the

accelerated

vesting

of

restricted

shares

of

two

board

members

who resigned in May

2025 and the compensation

cost of these shares

was recorded on the

date

of their resignation. A further increase was attributed due to increased payroll costs.

Management fees to related

party.

Management fees to a related

party amounted to $0.6

million in the

six

months

ended

June

30,

2025,

compared to

$0.7

million in

the

six

months

ended

June

30,

2024. The

decrease is attributable

to the decreased

average number of

vessels managed by

DWM due to the

sale of

vessel Alcmene.

Gain on sale

of vessels

. Gain on

sale of

vessels amounted to

$1.5 million in

the six

months ended June

30, 2025,

which is attributed

to the sale

of vessel Alcmene

during the first

quarter of 2025,

as compared

to

$1.6 million

in the

six months

ended June

30, 2024,

which is

attributed to

the sale

of vessel

Artemis

during the first quarter of 2024.

Interest expense and

finance costs.

Interest and finance

costs decreased by

$1.8 million or

8% to $21.9

million in

the six

months ended

June 30,

2025, compared to

$23.7 million in

the six

months ended

June

30, 2024. The decrease is attributed to the decreased outstanding balance

of debt and finance liabilities.

Gain(loss)

on

derivative instruments.

Loss on

derivative instruments amounted to

$0.2

million

in

the

six

months ended June 30, 2025,

as compared to a gain of

$0.4 million in the same

period of 2024, which is