Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 45

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 45
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us

to

suffer

losses

or

otherwise adversely

affect our business.

We

enter

into,

among

other

things,

charter

parties with

our

customers. Such

agreements

subject

us

to

counterparty risks. The

ability and willingness

of each of

our counterparties to

perform its obligations

under

a contract with us will depend on

a number of factors that are beyond

our control and may include, among

other things, general

economic conditions,

the condition of

the maritime and

offshore industries, the

overall

financial condition of the

counterparty, charter rates received for specific types of

vessels, work stoppages

or other labor disturbances

and various expenses. Should

a counterparty fail

to honor its obligations

under

agreements with us,

we could sustain

significant losses, which

could have a

material adverse effect

on our

business, financial condition, results of operations and cash

flows.

In addition, in

depressed market conditions, our

charterers may no

longer need a

vessel that is

currently

under charter

or may

be able

to obtain

a comparable

vessel at

lower rates.

As a

result, charterers

may

seek to

renegotiate the

terms of

their existing

charter agreements

or avoid

their obligations

under those

contracts. Furthermore, it

is possible that

parties with whom we

have charter contracts may

be impacted

by events in Russia and Ukraine and in the Middle East, including in the Red Sea area,

and any resulting

sanctions.

If

our

charterers

fail

to

meet

their

obligations

to

us

or

attempt

to

renegotiate

our

charter

agreements,

it

may

be

difficult

to

secure substitute

employment for

such vessels,

and

any

new

charter

arrangements we

secure may

be

at

lower rates.

As

a result,

we

could

sustain significant

losses, which

could have

a material

adverse effect

on our

business, financial condition,

results of

operations and cash

flows.

In

the

highly

competitive

international

shipping

industry,

we

may

not

be

able

to

compete