Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 165

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 165
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 class of vessels is presented

below:

Average estimated daily time

charter equivalent rate used

Average break-even

rate

Ultramax

$16,626

$12,513

Panamax/Kamsarmax/Post-Panamax

$13,053

$9,399

Capesize/Newcastlemax

$16,315

$12,018

85

It should be

noted that as

of December 31,

2024, twelve of

our vessels, having

indication of impairment,

would be affected by a

reduction in time charter

rates below the average break-even

rate. Additionally, the

use of the 1-year,

3-year and 5-year average blended rates

would not have any effect

on the Company’s

impairment analysis and as such on the Company’s results of operations:

Vessel type

1-year

(period)

Impairment

charge

(in USD

million)

3-year

(period)

Impairment

charge

(in USD

million)

5-year

(period)

Impairment

charge

(in USD

million)

Ultramax

$16,737

-

$18,297

-

$18,081

-

Panamax/Kamsarmax/Post-

Panamax

$14,813

-

$16,245

-

$16,239

-

Capesize/Newcastlemax

$23,750

-

$19,637

-

$19,451

-

Item 6.

Directors, Senior Management and Employees

A.

Directors and Senior Management

Set forth

below are

the names,

ages and

positions of

our directors

and executive

officers. Our

Board of

Directors

consists

of

eleven

members

and

is

elected

annually

on

a

staggered basis,

and

each

director

elected holds office for

a three-year term

and until his

or her successor

is elected and

has qualified, except

in the

event of

such director’s

death, resignation,

removal or

the earlier

termination of

his or

her term

of

office. Officers are

appointed from time to time by

our board of directors and

hold office until a

successor

is appointed or their employment is terminated.

Name

Age

Position

Semiramis Paliou

50

Class III Director and Chief Executive Officer

S