Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 6

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 6
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 and developments in international

trade;

●

the number

of vessels

that are

out of

service, namely those

that are

laid-up, drydocked, awaiting

repairs or otherwise not available for hire;

●

availability of financing for new vessels and shipping activity;

●

changes in international regulations

that may effectively

cause reductions in the

carrying capacity

of vessels or early obsolescence of tonnage; and

●

changes in environmental and other regulations that may limit the useful lives and trading patterns

of vessels.

In

addition

to

the

prevailing

and

anticipated

freight

rates,

factors

that

affect

the

rate

of

newbuilding,

scrapping and laying-up include newbuilding prices, secondhand vessel values in relation to scrap prices,

costs of

bunkers and

other operating

costs, costs

associated with

classification society

surveys, normal

12

maintenance and insurance coverage

costs, the efficiency

and age profile of

the existing dry bulk

fleet in

the

market

and

government

and

industry

regulation

of

maritime

transportation

practices,

particularly

environmental

protection

laws

and regulations.

These factors

influencing the

supply

of

and

demand

for

shipping capacity are outside of our

control, and we may not be able

to correctly assess the nature, timing

and degree of changes in industry conditions.

We anticipate that the future demand for our dry bulk carriers will be dependent upon economic growth in

the world’s economies, including China and India, seasonal and regional changes in demand, changes in

the capacity of the global

dry bulk carrier fleet

and the sources and

supply of dry bulk

cargo transported by

sea. While there has been a general decrease in new dry bulk carrier ordering

since 2014, the capacity of

the global dry

bulk carrier fleet

could increase, and

economic growth may

not resume in

areas that have

experienced

a

recession

or

continue

in

other

areas.

Adverse

economic,

political,

social

or

other

developments could have a material adverse effect on our business and operating

results.

In

addition,

the

conflict

between

Israel

and

Hamas,

which

began

in

October

2023,

has

resulted