Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 98

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 98
---
of Life

at Sea

of 1974 (“ SOLAS

Convention”), and

the International

Convention on

Load Lines

of

1966 (the

“ LL

Convention”). MARPOL

establishes environmental standards relating to oil leakage or spilling, garbage management, sewage, air

emissions, handling and

disposal of noxious

liquids and the

handling of harmful

substances in packaged

forms.

MARPOL is

applicable to

drybulk, tanker

and LNG carriers,

among other

vessels, and

is broken

into six Annexes, each

of which regulates a

different source of pollution.

Annex I relates to

oil leakage or

spilling;

Annexes

II

and

III

relate

to

harmful

substances

carried

in

bulk

in

liquid

or

in

packaged

form,

respectively; Annexes IV and

V relate to

sewage and garbage management, respectively;

and Annex VI,

lastly,

relates to air

emissions. Annex VI was

separately adopted by the

IMO in September

of 1997; new

emissions standards, titled IMO-2020, took effect on January 1, 2020.

Air Emissions

In

September

of

1997,

the

IMO

adopted

Annex

VI

to

MARPOL

to

address

air

pollution

from

vessels.

Effective May 2005, Annex VI sets limits

on sulfur oxide and nitrogen oxide

emissions from all commercial

vessel exhausts and prohibits

“deliberate emissions” of ozone depleting

substances (such as halons

and

chlorofluorocarbons), emissions of

volatile compounds from

cargo tanks, and

the shipboard incineration

of

specific substances.

Annex VI

also includes

a global

cap on

the sulfur

content of

fuel

oil and

allows for

special

areas

to

be

established

with

more

stringent

controls

on

sulfur

emissions,

as

explained

below.

Emissions of

“volatile

organic

compounds” from

certain vessels,

and

the

shipboard

incineration

(from incinerators

installed after

January 1,

2000) of

certain substances