Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 117

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 117
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our operations

and adversely

affect our business.

OPA

specifically permits individual

states to

impose their own

liability regimes with

regard to oil

pollution

incidents

occurring

within

their

boundaries,

provided

they

accept,

at

a

minimum,

the

levels

of

liability

established

under

OPA

and

some

states

have

enacted

legislation

providing

for

unlimited

liability

for

oil

spills.

Many U. S. states that border a

navigable waterway have enacted

environmental pollution laws that

impose

strict liability

on a

person

for removal

costs

and damages

resulting from

a

discharge of

oil

or

a

release of a

hazardous substance.

These laws may be

more stringent than U. S.

federal law.

Moreover,

some states have enacted legislation providing for unlimited liability for discharge of pollutants within their

waters,

although in

some

cases, states

which have

enacted this

type

of legislation

have not

yet issued

implementing regulations defining vessel owners’

responsibilities under these laws.

The Company intends

to comply with all applicable state regulations in the ports where

the Company’s vessels call.

We currently maintain pollution

liability coverage insurance

in the amount

of $1 billion per

incident for each

of our

vessels. If

the damages from

a catastrophic spill

were to

exceed our

insurance coverage, it

could

have an adverse effect on our business and results of operation.

Other United States Environmental Initiatives

The U. S. Clean Air Act of 1970 (including its amendments of 1977 and 1990) (“ CAA”) requires

the EPA to

promulgate

standards

applicable

to

emissions

of

volatile

organic

compounds

and

other

air

contaminants.

The

CAA

requires

states

to

adopt

State

Implementation

Plans,

or

SIPs,

some

of

which

regulate emissions resulting from vessel loading and unloading operations

which may affect our vessels.

63

The U. S. Clean Water Act (“ CWA”) prohibits the discharge of oil, hazardous substances and ballast water

in U. S.

navigable waters

unless authorized