Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 116

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 116
---
, new regulations regarding offshore oil

and gas drilling,

and

a

pilot

inspection

program

for

offshore

facilities.

However,

several

of

these

initiatives

and

regulations have

been

or

may

be

revised.

For

example,

the

U. S.

Bureau

of

Safety

and

Environmental Enforcement’s

(“ BSEE”)

revised

Production

Safety

Systems

Rule

(“ PSSR”),

effective

December 27,

2018, modified

and relaxed

certain environmental

and safety

protections under

the 2016

PSSR.

Additionally, in August

2023, the

BSEE released

a final

Well Control

Rule which

strengthens testing

and performance requirements, and may affect offshore drilling operations.

In January 2021, the

Biden Administration issued an executive

order temporarily blocking new leases

for

oil

and

gas

drilling in

federal

waters,

but

ultimately,

the

order

was rendered

ineffective

by

a

permanent

injunction issued

by a

Louisiana court.

After being

blocked by

the courts,

in September

2023, the

Biden

administration announced a scaled back offshore oil drilling plan, including just three oil lease sales in the

Gulf of Mexico.

In December 2024,

the Biden Administration

also gave approval

for the sales

of oil and

gas

leases in Alaska. On January 6, 2025, the Biden Administration announced a ban on

new offshore oil and

gas drilling in more than 625 million acres of U. S. waters on the Atlantic and Pacific coasts and in Alaska,

but Louisiana-led states and

fossil fuel groups are

challenging the ban. On

January 21, 2025, the

Trump

Administration issued

an executive

order revoking

this ban,

although this

order is

being challenged

in court.

Additionally,

the Trump

Administration has

proposed leasing

new sections

of U. S.

waters to

oil and

gas

companies for offshore drilling.

With

these

rapid

changes,

compliance

with

any

new

requirements

of

OPA and

future

legislation

or

regulations applicable

to the

operation of

our vessels could

impact the

cost of