Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 80

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 80
---
 The

vessel was delivered to her new owners on September 4, 2024.

In January 2024,

we agreed to

sell to an

unrelated third party,

the vessel Artemis, for

the purchase price

of $13.0 million. The vessel was delivered to her new owners on

March 5, 2024.

In October

2023, we

agreed to

sell to

an unrelated

third party,

the vessel

Boston, for

$18.0 million.

The

vessel was delivered to her new owners on December 6, 2023.

In February

2023, we

agreed to

sell to

OceanPal, a

related party,

the vessel

Melia, for

$14.0 million,

of

which $4.0

million was

paid in

cash and

$10.0 million through

13,157 of

OceanPal Series

D Convertible

Preferred Shares. The vessel was delivered to her

new owners on February 8, 2023.

In

January

2023,

we

agreed

to

sell

to

an

unrelated

third

party,

the

vessel Aliki,

for

$15.08

million.

The

vessel was delivered to her new owners on February 8, 2023.

In June 2022, we

sold to OceanPal Inc.,

or OceanPal, a related party

company, the

vessel Baltimore, for

a sale price of $22.0 million before commissions, of which $4.4 million was paid in cash and

$17.6 million

through

25,000

Series

D

Convertible

Preferred

shares.

The

vessel

was

delivered

to

OceanPal

on

September 20, 2022.

46

B.

Business overview

We specialize

in the ownership

and bareboat charter-in

of dry bulk

vessels, determined as one

business

segment. Each of our vessels is owned through a separate wholly-owned

subsidiary.

As of

the date

of this

report, our

fleet consisted

of 39

vessels of

which 37

in operation,

owned and

chartered-

in, having

a combined carrying

capacity of

4.1 million dead weight

tons, or

dwt, and

a weighted average

age of