Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 144

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 144
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 the Company

to the charterers on

the redelivery of the vessels from the charterers

under the previous charter party agreement

and the price

75

of bunkers paid

by charterers to

the Company on

the delivery of

the same vessels

to their charterers

under

new charter party agreements.

Vessel operating expenses.

Vessel operating expenses decreased by $2.9 million, or 3%, to $82.6 million

in 2024

compared to $85.5

million in

2023. The decrease

in operating expenses

is mainly attributable

to

the decrease

in ownership

days in

2024, due

to the

sale of

vessels discussed

above. Daily

vessel operating

expenses were $5,808

in 2024 and

increased by 2%

compared to $5,704

in 2023. Therefore,

the decrease

in operating expenses due to the decreased number of vessels during the year was offset by increases in

vessel supplies and taxes.

Depreciation

and

amortization

of

deferred

charges.

Depreciation

and

amortization

of

deferred

charges

decreased

by $5.1

million,

or 10%,

to $44.7

million

in 2024,

compared

to $49.8

million

in 2023.

This decrease

was

due

to

the

sale

of

two

vessels,

as

noted

above.

The

decrease

was

partly

offset

by

increased

amortization of deferred cost as a result of the drydock cost incurred

in 2024 as compared to 2023.

General and

administrative expenses

. General and admini

strati

ve expenses

increased by

$0.4 million,

or

1%, to $33.4

million in 2024

compared to $33.0

million in 2023.

The increase was

mainly due to

increased

payroll and taxes and was partly offset by decreased transfer agent expenses and legal fees.

Management fees to

a related party.

Management fees to

a related party

amounted to $1.3

million both in

2024 and

2023 due

to the

fact that

the number

of vessels

managed by