Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 109

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 109
---
1,

2022. In December 2022,

MEPC 79

59

agreed that it

should be permitted to

use ballast tanks for

temporary storage of treated

sewage and grey

water.

MEPC 79 also

established that ships

are expected to

return to D-2

compliance after experiencing

challenging uptake water and bypassing a BWM system should only

be used as a last resort.

In July 2023,

MEPC 80 approved

a plan

for a comprehensive

review of

the BWM Convention.

over the

next

three years and

the corresponding development of

a package of

amendments to the

Convention. MEPC

80 also adopted further amendments relating to Appendix

II of the BWM Convention concerning

the form

of the Ballast Water Record Book, which are

expected to enter into force in February 2025. A protocol for

ballast water compliance monitoring devices

and unified interpretation of

the form of the BWM Convention

certificate were

also adopted.

In

March 2024,

MEPC 81

adopted amendments

to

the

BWM Convention

concerning the

use of

Ballast Water Record

Books in

electronic form,

which are

expected to

enter into

force

in October 2025. Pursuant to the ongoing review, in Fall 2024, MEPC 82 approved the 2024 Guidance on

ballast water

record keeping

and reporting

and the

2024 Guidance

for Administrations

on the

type approval

process for ballast water management systems to support harmonized

evaluation by Administrations.

Once

mid-ocean

exchange

ballast

water

treatment

requirements

become

mandatory

under

the

BWM

Convention, the

cost of

compliance could

increase for

ocean carriers

and may have

a material effect

on

our operations. Irrespective of the BWM

convention, certain countries

such as the U. S. have

enforced and

implemented regional requirement related to the system certification,

operation and reporting.

The IMO also adopted the International Convention on Civil Liability for Bunker Oil Pollution Damage (the

“ Bunker

Convention”) to

impose

strict liability

on

ship

owners

(including the

registered

owner,

bareboat

charterer, manager

or operator