Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 147

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 147
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8 million

in 2023

and resulted

from the

measurement of

equity securities,

having a

book

value of $17.9 million, at fair value of $20.7 million on December 31, 2023, determined through Level 1 of

the fair

value hierarchy.

The Company

sold all

securities during

the first

quarter of

2024 and

recorded a

realized loss of $0.4 million.

Gain on warrants.

Gain on warrants

amounted to $0.7

million in 2024,

compared to $1.6

million in 2023,

which resulted

from the

fair value

adjustment of

the outstanding

warrants as

of December

31, 2024

and

2023, respectively.

Loss from equity method investments.

Loss from equity method investments,

amounted to $0.1 million in

2024, compared to $0.3 million

in 2023. In 2024, the loss was

attributable to a loss of

$0.5 million from our

45.87%

interest

in Windward

which was

partly

offset

by

a

gain

of

$0.3 million

from

our

25% interest

in

Bergen and a gain of $0.1 million

from our 50% interest in DWM. In 2023,

the loss is attributed to a loss of

$0.7 million from

our 45.45% interest

in Windward, which

was partly offset

by a

gain of $0.2

million from

our 50% interest in DWM,

and a gain of $0.2 million from our 25% interest in Bergen.

Year ended December 31, 2023 compared to the year ended December 31, 2022

For a discussion of the year ended December 31, 2023 compared to the year ended December 31, 2022,

please refer to “ Item 5. Operating and Financial

Review and Prospects” in our Annual Report

on Form 20-

F,

for the year ended December 31, 2023 filed with the SEC on April

5, 2024.

B.

Liquidity and Capital Resources

Historically, we finance our short-term and long-term

capital requirements with cash

from operations, cash

at