Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 292

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 292
---
2,569,

$
2,525
and

$
2,644,

respectively,

and

are

mainly

included

in

vessel
operating expenses and general and administrative expenses in the accompanying consolidated financial
statements. As of

December 31, 2024

and 2023, an

amount of $
190
and $
62, respectively,

was payable
to Altair and is included in “ Due to related parties” in the accompanying

consolidated balance sheets.
b)

Steamship Shipbroking Enterprises Inc. or

Steamship:
Steamship is a company controlled by
the Company’s

CEO Mrs.

Semiramis Paliou

and provides

brokerage services

to DSI

for a

fixed monthly
fee plus commission on

the sale of vessels, pursuant

to a Brokerage Services

Agreement.

For 2024, 2023
and 2022

brokerage fees

amounted to

$
4,093, $
3,900
and $
3,309, respectively, and

are included

in general
and

administrative expenses

in

the

accompanying consolidated

statements of

income.

For

2024, 2023,
and 2022,

commissions related to

Steamship amounted to

$
544, $
906
and $
1,219, respectively

and are
included in gain

on the sale

of vessels,

vessel cost and

equity method investments.

As of December

31,
2024 and 2023,

an amount of

$
0
and $
697, respectively, was due to Steamship

included in “ Due

to related
parties” in the accompanying consolidated balance sheets.

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

(Expressed in thousands of U. S. Dollars - except share, per share

data, unless otherwise stated)

F-21

c)

Bond

issuance:
Officers

and

directors

of

the

Company

and/or

entities

affiliated

with

them
purchased an

aggregate of

$
47,300
principal amount

of the

$
150,000
senior unsecured

bond issued

on
July 2, 2024 (Note 8).

4.

Equity Method Investments
a)

Diana Wilhelmsen Management Limited, or DWM: