Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 126

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 126
---
 least 55% by 2030 through its “ Fit-for-55” legislation

package. As part of this initiative, the

European Union’s

carbon market,

EU ETS,

has been

extended to

cover CO2

emissions from

all large

ships

entering EU ports starting January 2024.

Any passage

of climate

control legislation

or other

regulatory initiatives

by the

IMO, the EU,

the U. S.

or

other countries

where we

operate, or

any treaty

adopted at

the international

level to

succeed the

Kyoto

Protocol

or

Paris

Agreement,

that

restricts

emissions

of

greenhouse

gases

could

require

us

to

make

significant financial expenditures which we

cannot predict with certainty at

this time. Even in the

absence

of climate control

legislation, our business

may be indirectly

affected to the

extent that climate

change may

result in sea level changes or certain weather events.

Vessel Security Regulations

Since

the

terrorist

attacks

of

September

11,

2001

in

the

United

States,

there

have

been

a

variety

of

initiatives intended

to enhance

vessel security

such as

the U. S.

Maritime Transportation

Security Act

of

2002 (“ MTSA”).

To

implement certain

portions of

the MTSA,

the

USCG 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, some

of which are

regulated by the

EPA.

Similarly, Chapter XI-2 of

the SOLAS

Convention imposes

detailed security

obligations on

vessels and

port

authorities and

mandates compliance

with the

International Ship

and Port

Facility Security

Code (“the ISPS

Code”). The ISPS Code is designed to enhance

the security of ports and ships against

terrorism.

To

trade

internationally,

a vessel must

attain an

International Ship Security

Certificate (“ ISSC”) from

a recognized

security organization approved

by the vessel’s flag

state. Ships operating

without a valid