Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 91

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 91
---

carrier

fleet

could

be

divided

into

seven

categories

based

on

a

vessel's

carrying

capacity. These categories consist of:

●

Very

Large Ore

Carriers

.

Very

large ore

carriers, or

VLOCs, have

a carrying

capacity of

more

than 200,000 dwt and are a comparatively new sector of the dry bulk carrier fleet. VLOCs are built

to exploit economies of scale on long-haul iron ore routes.

●

Capesize

.

Capesize vessels

have a

carrying capacity

of 110,000

-199,999 dwt.

Only the

largest

ports around the

world possess the

infrastructure to accommodate

vessels of this

size. Capesize

vessels are

primarily used

to transport

iron ore

or coal

and, to

a much

lesser extent,

grains, primarily

on long-haul routes.

●

Post-Panamax

.

Post-Panamax vessels

have a

carrying capacity

of 80,000-109,999

dwt. These

vessels tend

to have

a shallower

draft and

larger beam

than a

standard Panamax

vessel with

a

higher

cargo

capacity.

These

vessels

have

been

designed

specifically

for

loading

high

cubic

cargoes from draught restricted ports, although they cannot

transit the Panama Canal.

●

Panamax

.

Panamax vessels have a carrying capacity of 60,000-79,999 dwt. These vessels carry

coal,

iron ore,

grains, and,

to

a

lesser extent,

minor

bulks, including

steel products,

cement and

fertilizers.

Panamax

vessels

are

able

to

pass

through

the

Panama

Canal,

making

them

more

versatile than

larger vessels

with regard

to

accessing different

trade routes.

Most Panamax

and

Post-Panamax

vessels

are

“gearless,”

and

therefore

must

be

served

by

shore-based

cargo

handling equipment. However, there are a small number of geared

vessels with onboard cranes, a