Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 95

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 95
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an

experienced

management

team.

Our

management

team

consists

of

experienced

executives

who

have,

on

average,

more

than

30

years

of

operating

experience

in

the

shipping

industry and has demonstrated

ability in managing

the commercial, technical

and financial areas of

our business.

●

We benefit

from the

experience and

reputation of

Diana Shipping

Services S. A.

and the

relationship

with

Wilhelmsen

Ship

Management

through

the

Diana

Wilhelmsen

Management

Limited

joint

venture.

●

We

benefit from

strong relationships

with members

of the

shipping and

financial industries.

We

have developed strong relationships with major international charterers, shipbuilders and financial

institutions

that

we

believe

are

the

result

of

the

quality

of

our

operations,

the

strength

of

our

management team and our reputation for dependability.

●

We have

a strong

balance sheet

and a

relatively low

level of

indebtedness.

We believe

that our

strong

balance

sheet

and

relatively

low

level

of

indebtedness

provide

us

with

the

flexibility

to

increase

the

amount of

funds

that

we may

draw under

our

loan

facilities in

connection

with

any

future acquisitions or otherwise and enable us to use cash flow that would otherwise be dedicated

to debt service for other purposes.

Permits and Authorizations

We

are

required

by

various

governmental

and

quasi-governmental

agencies

to

obtain

certain

permits,

licenses and

certificates with

respect to

our vessels.

The kinds

of permits,

licenses and

certificates required

depend upon

several factors,

including the

commodity transported,

the waters

in which

the vessel

operates

the

nationality

of

the

vessel's

crew

and

the

age

of

a

vessel.

We

have

been

able

to

obtain

all

permits,

licenses and

certificates currently

required to

permit our

vessels to

operate. Additional

laws and

reg