Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 88

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 88
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 redelivery dates, with the actual

date of redelivery being at the Charterers’

option, but subject to the terms, conditions, and

exceptions of the

particular charterparty.

1Charterers will compensate the Owners at a rate

of 115% of the average Baltic Tess 58 Supramax Index as published by the Baltic Exchange on a daily

basis or double the vessel’s present charter party rate, whichever

is higher, for the excess period commencing from January 10, 2025 until

the actual

redelivery date.

2Bareboat chartered-in for a period of ten years.

3Based on latest information.

4Currently without an active charterparty.

5Vessel on scheduled drydocking from February 9, 2025 until February

26, 2025.

6Vessel on scheduled drydocking from February 21, 2025 until March

16, 2025.

7Vessel has been sold and it is delivered to her new Owners on

March 13, 2025.

8The charter rate was US$12,250 per day for

the first thirty (30) days of the charter period.

50

9The charter rate will be US$8,750 per day for

the first fifty (50) days of the charter period.

10The charter rate will be US$6,300 per

day for the first trip of the charter period.

11Vessel currently off hire for drydocking.

12Bareboat chartered-in for a period of eight years.

Our Customers

Our customers include

regional and international

companies,

mainly with concentrations

below 10% of

our

gross revenues. During 2024,

only one of our

charterers accounted for 11% of our

revenues.

During 2023,

one of our

charterers accounted

for 13% of

our revenues and

during 2022,

two of our

charterers accounted

for 34% of our revenues,

in aggregate.

We charter our

dry bulk

carriers, owned

and bareboat

chartered-in, to

customers pursuant

to time charters.

Under our time charters, the charterer typically

pays us a fixed daily charter hire rate and

bears all voyage

expenses, including the cost

of bunkers (fuel

oil) and canal and

port charges. We

remain responsible for

paying the

char