Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 122

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 122
---
2022.

On

December

18,

2022,

the

Environmental

Council

and

European

Parliament

agreed to include

maritime shipping emissions within

the scope of

the EU ETS

on a gradual

introduction

of

obligations

for

shipping

companies

to

surrender

allowances

equivalent

to

a

portion

of

their

carbon

emissions:

40% for verified

emissions from 2024,

70% for 2025

and 100% for

2026. Most large

vessels will

be included

in the

scope of

the EU

ETS from the

start. Big

offshore vessels

of 5,000

gross tonnage and

above will

be included

in the

'MRV'

on the

monitoring, reporting

and verification

of CO2

emissions from

maritime transport

regulation from

2025

and in

the

EU

ETS

from

2027. General

cargo vessels

and off-

shore vessels

between 400-5,000

gross tonnage

will be

included in

the

MRV

regulation from

2025 and

their inclusion in

EU ETS will

be reviewed

in 2026. Furthermore,

starting from January

1, 2026, the

ETS

regulations

will

expand

to

include

emissions

of

two

additional

greenhouse

gases:

nitrous

oxide

and

methane.

Compliance

with the

Maritime

EU

ETS

will

result

in

additional compliance

and

administration

costs

to

properly

incorporate

the

provisions

of

the

Directive

into

our

business

routines.

Additional

EU

regulations

which

are

part

of

the

EU’s

"Fit-for-55,"

could

also

affect

our

financial

position

in

terms

of

compliance and administration costs when they take effect.

EU Ship Recycling Regulation

The Regulation

is mostly

aligned with

the

Hong Kong

Convention on

Ship Recycling,

mentioned earlier

and aims quick

ratification of the

Convention. However, it sets

some additional requirements

and has been

into force since 2015 for new ships

and 2020 for existing ships