Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 93

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 93
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ports with length

and draft restrictions.

Their cargo gear

enables

them to service ports lacking the infrastructure for cargo loading and unloading.

Other size categories occur in regional trade,

such as Kamsarmax, with a maximum length

of 229 meters,

the maximum

length that can

load in

the port

of Kamsar

in the

Republic of Guinea.

Other terms

such as

Seawaymax, Setouchmax, Dunkirkmax, and Newcastlemax also appear

in regional trade.

The supply

of dry

bulk carriers

is dependent

on the

delivery of

new vessels

and the

removal of

vessels

from the global fleet,

either through scrapping

or loss. The level

of scrapping activity

is generally a function

of scrapping prices

in relation to current

and prospective charter market

conditions, as well as

operating,

repair

and

survey

costs.

The

age

range

at

which

a

vessel

is

scrapped

is

between

20

and

32

years,

depending on among others, the vessel type, the freight

market conditions and regulatory requirements.

The

demand

for

dry

bulk

carrier

capacity

is

determined

by

the

underlying

demand

for

commodities

transported in

dry bulk carriers,

which in turn

is influenced by

trends in

the global

economy.

Demand for

dry

bulk

carrier

capacity

is

also

affected

by

the

operating

efficiency

of

the

global

fleet,

along

with

port

congestion, which has been a feature of the market since 2004,

absorbing tonnage and therefore leading

to a

tighter balance

between supply

and demand.

In evaluating

demand factors

for dry

bulk carrier

capacity,

the Company believes that dry

bulk carriers can be

the most versatile element

of the global shipping

fleets

in terms of employment alternatives.

Vessel Prices

Dry bulk

vessel values in

2024 generally were

lower as

compared to 2023.

Consistent with these

trends

were the market

values of our

dry bulk carriers.

As charter rates

and vessel

values decreased during

2024,

and

continued to

decrease in

early 2025,

there can