Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 123

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 123
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. It concerns

vessels over 500 GT flying the

flag of a

member state or

vessels flying

the flag

of a 3

rd

party calling at

port or anchorage

of member

states.

Our

fleet

fully

complies

with

this

regulation.

Our

fleet’s

Inventories

of

Hazardous Materials

preparation,

certification and continuous maintenance have resulted in a

significant cost to the Company.

65

International Labour Organization

The International Labour Organization (the “ ILO”) is

a specialized agency of the UN

that has adopted the

Maritime Labor Convention

2006 (“ MLC 2006”). A

Maritime Labor Certificate

and a Declaration

of Maritime

Labor

Compliance is

required to

ensure compliance

with the

MLC 2006

for all

ships that

are 500

gross

tonnage

or

over

and

are

either

engaged

in

international

voyages

or

flying

the

flag

of

a

Member

and

operating

from

a

port,

or

between

ports,

in

another

country.

All

of

our

vessels

are

certified

under

the

Maritime Labor Convention 2006 (“ MLC 2006”).

Greenhouse Gas Regulation

Currently,

the

emissions

of

greenhouse

gases

from

international

shipping

are

not

subject

to

the

Kyoto

Protocol to

the United

Nations Framework

Convention on

Climate Change,

which entered

into force

in 2005

and pursuant

to which

adopting countries have

been required to

implement national programs

to reduce

greenhouse gas emissions

with targets extended

through 2020. International negotiations

are continuing

with respect to a successor to the Kyoto Protocol, and restrictions

on shipping emissions may be included

in

any

new

treaty.

In

December 2009,

more

than

27

nations,

including the

U. S.

and

China,

signed

the

Copenhagen Accord,

which includes

a non-binding

commitment

to reduce

greenhouse gas

emissions.

The

2015 United Nations Climate Change Conference in Paris resulted in

the Paris Agreement, which entered

into force on

November 4, 201