Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 94

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 94
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be no

assurance as

to how

long charter

rates and

vessel values will remain at their current levels or whether they will decrease or improve to any significant

degree in the near future.

Competition

Our business

fluctuates in

line with

the main

patterns of

trade of

the major

dry bulk

cargoes and

varies

according to

changes in

the supply

and demand

for these

items. We

operate in

markets that

are highly

competitive and

based primarily

on supply

and demand.

We compete

for charters

on the

basis of

price,

vessel

location,

size,

age

and

condition

of

the

vessel,

as

well

as

on

our

reputation

as

an

owner

and

operator. We

compete with other owners of dry bulk carriers

in the Panamax, Post-Panamax and smaller

class

sectors and

with owners

of Capesize

and Newcastlemax

dry

bulk carriers.

Ownership of

dry

bulk

carriers is highly fragmented.

We believe that we possess a number

of strengths that provide us

with a competitive advantage in

the dry

bulk shipping industry:

●

We own

a modern, high

quality fleet of

dry bulk carriers

.

We believe that

owning a modern,

high

quality fleet

reduces operating

costs, improves

safety and

provides us

with a

competitive advantage

in securing favorable time charters.

We maintain the

quality of our vessels by

carrying out regular

inspections, both while

in port and

at sea, and

adopting a comprehensive

maintenance program

for

each vessel.

53

●

Our fleet

includes groups

of sister

ships.

We believe

that maintaining

a fleet

that includes

sister

ships enhances the revenue

generating potential of our

fleet by providing us

with operational and

scheduling flexibility.

The uniform

nature of sister

ships also

improves our operating

efficiency by

allowing our

fleet managers

to

apply the

technical knowledge

of

one vessel

to

all vessels

of the

same series

and create

economies of

scale that

enable us

to realize

cost savings

when maintaining,

supplying and crewing our vessels.

●

We

have