Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 127

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 127
---

certificate may be

detained, expelled

from, or

refused entry at

port until

they obtain an

ISSC. The

various requirements,

some

of

which

are

found

in

the

SOLAS

Convention, include,

for

example,

on-board

installation

of

automatic

identification systems to provide

a means for the

automatic transmission of safety-related

information from

among

similarly

equipped

ships

and

shore

stations,

including

information

on

a

ship’s

identity,

position,

course, speed

and navigational

status; on-board installation

of ship

security alert

systems, which

do not

sound on the vessel but only alert the authorities on shore; the development of vessel

security plans; ship

identification

number

to

be

permanently

marked

on

a

vessel’s

hull;

a

continuous

synopsis

record

kept

onboard showing a vessel's history including

the name of the ship, the state

whose flag the ship is entitled

to fly, the date on which the ship was registered

with that state, the ship's

identification number, the port at

which

the

ship

is

registered

and

the

name

of

the

registered

owner(s)

and

their

registered

address;

and compliance with flag state security certification requirements.

The USCG regulations, intended to align with

international maritime security standards, exempt non-U. S.

vessels

from

MTSA

vessel

security

measures,

provided

such

vessels

have

on

board

a

valid

ISSC

that

attests to the vessel’s compliance with the SOLAS Convention security requirements and the ISPS Code.

Future security

measures could

have a

significant financial

impact on

us.

We intend

to comply

with the

various security measures addressed by MTSA,

the SOLAS Convention and the

ISPS Code. The cost of

vessel security

measures has

also been

affected by

the escalation

in the

frequency of

acts of

piracy against

ships, notably off the coast of Somalia, including the Gulf of Aden and Arabian Sea area. Substantial loss

of

revenue

and

other

costs

may

be

incurred

as

a

result

of