Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 263

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 263
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 Company’s

auditor since 2024.

F-4

Report of Independent Registered

Public Accounting Firm

To the Shareholders

and the Board of Directors of

Diana Shipping Inc.

Opinion on Internal Control

over Financial Reporting

We have audited the internal

control over financial reporting

of Diana Shipping Inc. and subsidiaries (the “ Company”) as

of December 31, 2024, based on criteria established

in Internal Control - Integrated

Framework (2013) issued by the

Committee of Sponsoring Organizations

of the Treadway

Commission (COSO).

In our opinion, the Company maintained,

in all material respects, effective

internal control over financial reporting

as of December 31, 2024, based on criteria

established in Internal Control

- Integrated Framework

(2013) issued by COSO.

We have also audited,

in accordance with the standards

of the Public Company Accounting

Oversight Board (United

States) (PCAOB), the consolidated

financial statements as of and for

the year ended December 31, 2024, of the Company

and our report dated March 21, 2025, expressed

an unqualified opinion on those financial statements.

Basis for Opinion

The Company’s management

is responsible for maintaining

effective internal control

over financial reporting and for

its

assessment of the effectiveness

of internal control over

financial reporting, included in the accompanying

“ Management’s Annual Report

on Internal Control over Financial

Reporting”. Our responsibility

is to express an opinion

on the Company’s internal

control over financial reporting

based on our audit. We are a public accounting

firm registered

with the PCAOB and are required to be independent

with respect to the Company in accordance

with the U. S. federal

securities laws and the applicable rules and regulations

of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance

with the standards of the PCAOB. Those standards

require that we plan and

perform the audit to obtain reasonable

assurance about whether effective

internal control over

financial reporting was

maintained in all material respects.

Our audit included obtaining an understanding

of internal control over financial

reporting, assessing the risk that a material weakness exists,

testing and evaluating the design and operating

effectiveness of internal

control based on the assessed risk, and performing

such other procedures as we considered

necessary in the circumstances.