Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 100

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 100
---

ECAs. Currently,

the IMO

has designated

four ECAs,

including specified

portions of

the Baltic

Sea area,

Mediterranean Sea

area,

North Sea area, North American area and United States Caribbean

area. The Mediterranean

Sea became

an ECA

on May

1, 2024,

and compliance obligations

will begin

May 1,

2025. Ocean-going

vessels in these areas

will be subject to stringent emission

controls and may cause us

to incur additional

costs. Other areas in

China are subject to

local regulations that impose stricter

emission controls. In July

2023, MEPC

80 announced

three new

ECA proposals,

including the

Canadian Arctic

waters and

the North-

East

Atlantic

Ocean,

which were

adopted

in

draft

amendments

to

Annex

IV

that

will

enter

into

force

in

March 2026. If other ECAs are approved

by the IMO, or other new or

more stringent requirements relating

to

emissions

from

marine

diesel

engines

or

port

operations

by

vessels

are

adopted

by

the

U. S.

Environmental

Protection

Agency (“ EPA”)

or

the

states

where

we

operate,

compliance

with

these

regulations could entail significant capital expenditures or otherwise increase

the costs of our operations.

Amended Annex VI also established

new tiers of stringent nitrogen oxide emissions

standards for marine

diesel engines, depending

on their date

of installation. Tier III

NOx standards were

designed for the

control

of NOx

produced by

vessels and

apply to

ships that

operate in

the North

American and

U. S. Caribbean

Sea

ECAs

with

a

marine

diesel

engine

installed

and

constructed

on

or

after

January

1,

2016.

Tier

III

requirements could apply

to areas that

will be

designated for Tier

III NOx in

the future.

At MEPC 70

and

MEPC 71, the MEPC approved the North

Sea and Baltic Sea as ECAs

for nitrogen oxide for ships built on

or

after

January

1,

2021.

For

the

moment,