Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 73

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 73
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 of

the SEC's Internet site

is http://www. sec. gov.

The address of the Company's Internet site is http://www. dianashippinginc. com.

Recent Developments

Joint Venture Agreements

In

November

2023,

we

entered

into

a

joint

venture

agreement,

with

two

unrelated

companies

to

form

Windward

Offshore

GmbH

&

Co.

KG,

or

Windward,

for

the

purpose

of

establishing

and

operating

an

offshore wind

vessel company.

We

agreed to

contribute Euro

25.0 million,

being 45.45%

of Windward’s

capital,

to

construct

two

CSOVs.

In

January

2024,

we

committed

to

increase

our

contribution

to

the

partnership to Euro 50.0

million, being 45.87% of

Windward’s capital in

order for the partnership to

place

orders for two additional CSOVs.