Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 15

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 15
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 orders with

Chinese shipyards.

It is

unknown whether

and to

what extent

these new

port fees

on Chinese

shipping

companies and vessels will be adopted, or the effect that they would

have on us or our industry generally.

Furthermore, the government of China has

implemented economic policies aimed at increasing domestic

consumption of Chinese-made goods. This may have the effect of reducing the supply of goods available

for export

and may,

in turn,

result in

a decrease of

demand for

container shipping. Many

of the

reforms,

particularly

some limited

price reforms

that

result

in the

prices for

certain commodities

being

principally

determined by market forces, are unprecedented or experimental and may be subject to revision, change

or abolition.

Restrictions

on

imports, including

in

the

form

of

tariffs,

could

have

a

major

impact

on

global

trade

and

demand for shipping. Specifically,

increasing trade protectionism in the markets

that our charterers serve

may cause

an increase

in (i)

the cost

of goods

exported from

exporting countries,

(ii) the

length of

time

16

required

to

deliver

goods

from

exporting

countries,

(iii)

the

costs

of

such

delivery

and

(iv)

the

risks

associated with

exporting goods.

These factors

may result

in a

decrease in

the quantity

of goods

to be

shipped, shipping time

schedules, voyage costs and

other associated costs.

Protectionist developments,

or the perception they may occur, may have a material adverse effect on global economic conditions, and

may

significantly

reduce

global

trade,

including

trade

between

the

United

States

and

China.

These

developments

would

also

have

an

adverse

impact

on

our

charterers’

business,

operating

results

and

financial condition which could,

in turn, affect

our charterers’ ability to

make timely charter

hire payments

to us

and impair

our ability

to renew

charters and

grow our

business. Any

of these

developments could

have a material

adverse effect on

our business, results

of operations and

financial condition,

as well as

our