Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 103

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 103
---
,

and

a

clarification that

in case of

a ship with

multiple load line

certificates, the maximum

certified summer draft

should be used when

determining the deadweight.

These amendments entered

into force on May

1, 2024.

In

July

2023, MEPC

80 approved

the

plan

for

reviewing CII

regulations

and

guidelines,

which

must

be

completed at the

latest by January

1, 2026. This

review commenced at

MEPC 82 in

Fall 2024 and

there

will be no immediate changes to

the CII framework, including correction factors

and voyage adjustments,

before the review is completed.

We

may

incur

costs

to

comply

with

these

revised

standards.

Additional

or

new

conventions,

laws

and

regulations may be adopted that could require the

installation of expensive emission control systems and

could adversely affect our business, results of operations, cash flows and

financial condition.

Safety Management System Requirements

The SOLAS

Convention was

amended to

address the

safe manning

of vessels

and emergency

training

drills.

The Convention of Limitation of Liability for Maritime Claims (the “ LLMC”) sets limitations of liability

for

a

loss

of

life

or

personal

injury

claim

or

a

property

claim

against

ship

owners.

The ISM

Certification provides validation that

both company and

ships are operating

using a process-based system

approach to manage risks and achieve continual improvement. The ISM code is meant to be a preventive

tool

and

asks

companies

to

assess

all

risks

and

then

take

measured

to

safeguard

against

them.

Responsibilities and authorities

are set out

for the various

entities includes in

the ISM process.

All of our

vessels as well as our shore-based operations are fully certified under

the ISM Code.

Under Chapter

IX of

the SOLAS

Convention, or the

International Safety Management

Code for

the Safe

Operation

of

Ships

and

for

Pollution

Prevention (the “ ISM

Code”),

our

operations

are

also

subject

to

environmental standards