Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 133

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4A
Chunk 133
---
Item 4A.

Unresolved Staff Comments

None.

69

Item 5.

Operating and Financial Review and Prospects

The

following

management's

discussion

and

analysis

should

be

read

in

conjunction

with

our

historical

consolidated financial statements

and their notes included

elsewhere in this

annual report. This

discussion

contains forward-looking

statements that

reflect our

current views

with respect

to future

events and

financial

performance.

Our

actual

results

may

differ

materially

from

those

anticipated

in

these

forward-looking

statements as a result of certain

factors, such as those set forth

in the section entitled “ Risk Factors”

and

elsewhere in this annual report.

A.

Operating results

Factors Affecting Our Results of Operations

We believe that our results of operations are affected by the following factors:

(1)

Average number of

vessels is the

number of vessels

that constituted our fleet

for the relevant

period, as

measured by

the sum

of the

number of

days each

vessel was

a part

of our

fleet during

the period divided by the number of calendar days in the period.

(2)

Ownership days are the aggregate number of days in a period during which

each vessel in our

fleet

has been

owned

by us.

Ownership days

are

an

indicator of

the

size of

our

fleet

over a

period

and

affect

both

the

amount

of

revenues

and

the

amount

of

expenses

that

we

record

during a period.

(3)

Available days are

the number of our

ownership days less the

aggregate number of days

that

our vessels are off-hire

due to scheduled repairs or

repairs under guarantee, vessel upgrades

or special surveys and the aggregate amount of time that we spend positioning our vessels for

such events.

The shipping

industry uses

available days

to measure

the number

of days

in a

period during which vessels should be capable of generating

revenues.

(4)

Operating days are

the number of

available days in

a period less

the aggregate number

of days

that

our

vessels

are

off-hire

due

to

any

reason,

including

unforeseen

circ