Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 228

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 11
Chunk 228
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 rate

prevailing on

the

date

of

each transaction.

Because a

significant portion of our

expenses are incurred in currencies

other than the U. S.

dollar, our expenses may

from time to

time increase relative

to our revenues

as a result

of fluctuations in

exchange rates, particularly

between

the

U. S.

dollar

and

the

Euro,

which

could

affect

our

results

of

operations

in

future

periods.

Currently,

we

do

not

consider

the

risk

from

exchange

rate

fluctuations

to

be

material

for

our

results

of

operations,

as

during

2024

and

2023,

these

non-US

dollar

expenses

represented

17%

and

15%,

respectively

of

our

revenues

and

therefore,

we

are

not

engaged

in

derivative

instruments

to

hedge

a

considerable part of those expenses.

While we

historically have

not mitigated

the risk

associated with

exchange rate

fluctuations through

the use

of financial

derivatives, we

may determine

to employ

such instruments

from time

to time

in the

future in

order to

minimize this

risk. Our

use of

financial derivatives

would involve

certain risks,

including the

risk

that losses on a hedged position could exceed

the nominal amount invested in the instrument

and the risk

that

the

counterparty

to

the

derivative

transaction

may

be

unable

or

unwilling

to

satisfy

its

contractual

obligations, which could have an adverse effect on our results.

Item 12.

Description of Securities Other than Equity Securities

Not Applicable.