Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 52

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 52
---
 proceedings

difficult to predict.

We are incorporated under the laws of the Republic of the

Marshall Islands and we conduct operations in

countries

around

the

world.

Consequently,

in

the

event

of

any

bankruptcy,

insolvency,

liquidation,

dissolution, reorganization or

similar proceeding involving

us or

any of

our subsidiaries,

bankruptcy laws

other

than

those

of

the

United

States

could

apply.

If

we

become

a

debtor

under

U. S.

bankruptcy

law,

bankruptcy

courts

in

the

United

States

may

seek

to

assert

jurisdiction

over

all

of

our

assets,

wherever

located, including

property situated

in other countries.

There can

be no assurance,

however, that we would

become

a

debtor

in

the

United

States,

or

that

a

U. S.

bankruptcy

court

would

be

entitled

to,

or

accept,

jurisdiction over such a

bankruptcy case, or

that courts in other

countries that have

jurisdiction over us

and

our operations would recognize a

U. S. bankruptcy court’s jurisdiction

if any other bankruptcy

court would

determine it had jurisdiction.

If we

expand our

business further,

we may

need to

improve our

operating and

financial systems

and will need to recruit suitable employees and crew for our vessels.

Our current operating and financial

systems may not be adequate

if we further expand the size

of our fleet

and our attempts to

improve those systems may be

ineffective. In addition, if we

expand our fleet further,

we

will

need

to

recruit

suitable

additional

seafarers

and

shoreside

administrative

and

management

personnel. While we have not

experienced any difficulty in recruiting

to date, we cannot guarantee

that we

will

be

able

to

continue

to

hire

suitable

employees

if

we

expand

our

fleet.

If

we

or

our

crewing

agents

encounter business or financial difficulties, we may not be able to adequately

staff our vessels..

Any future growth will primarily depend on our ability to:

●

locate and acquire suitable