Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 0

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

Key Information

A.

[Reserved]

B.

Capitalization and Indebtedness

Not Applicable.

C.

Reasons for the Offer and Use of Proceeds

Not Applicable.

D.

Risk Factors

Summary of Risk Factors

The bullets below summarize the principal risk factors related

to an investment in our Company.

Industry Specific Risk Factors

●

Charter hire

rates for

dry bulk

vessels are

volatile and

have fluctuated

significantly in

the

past

years,

which

may

adversely

affect

our

earnings,

revenues

and

profitability

and

our

ability to comply with our loan covenants.

●

The current

state of

the global

financial markets

and economic

conditions may

adversely

impact

our

ability

to

obtain

additional

financing

on

acceptable

terms

and

otherwise

negatively impact our business.

●

Our operating results may be affected by seasonal fluctuations.

●

An increase in the price of fuel, or bunkers, may adversely affect our

profits.

●

We are

subject to

complex laws

and regulations, including

environmental regulations that

can adversely affect the cost, manner or feasibility of doing business.

8

●

If our

vessels call

on ports

located in

countries or

territories that

are the

subject of

sanctions

or embargoes imposed

by the U. S.

government, the United

Kingdom, the European Union,

the United Nations, or other governmental

authorities, or engage in other

such transactions

or dealings

that would

be violative

of applicable

sanctions laws, it

could lead

to monetary

fines or penalties and

may adversely affect our reputation

and the market for our

securities.

●

We conduct business

in China, where

the legal system

has inherent uncertainties

that could

limit the legal protections available to us.

Company Specific Risk Factors

●

We charter

some of our

vessels on short-term time

charters in a

volatile shipping industry

and a

decline in

charter hire

rates could

affect our

results of

operations and

our ability

to

pay dividends.

●

A cyber-attack could materially disrupt our business.

●

Increasing

scrutiny

and

changing

expectations