Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 280

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 280
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asset
over

its

remaining

useful

life

and

its

eventual

disposition

is

less

than

its

carrying

amount,

the
Company evaluates the asset for impairment loss. Measurement of the

impairment loss is based on
the fair value of the asset, determined mainly by third party valuations.
For vessels,

the Company

calculates undiscounted

projected net

operating cash

flows by

considering
the historical

and estimated

vessels’ performance

and utilization

with the

significant assumption

being
future charter rates for

the unfixed days, using

the most recent
10
-year average of historical

1 year
time charter rates available for each type of vessel over the remaining estimated life of each vessel,
net of commissions. Historical ten-year blended average one-year time charter rates are in line with
the

Company’s

overall

chartering

strategy,

they

reflect

the

full

operating

history

of

vessels

of

the
same type and particulars with the Company’s operating fleet and they cover at least

a full business
cycle,

where

applicable.

When

the
10
-year

average

of

historical

1

year

time

charter

rates

is

not
available for a type

of vessel, the Company uses

the average of historical 1

year time charter rates
of the available

period. Other

assumptions used in

developing estimates

of future undiscounted

cash
flow are

charter rates calculated

for the

fixed days using

the fixed

charter rate of

each vessel from
existing time charters, the

expected outflows for scheduled

vessels’ maintenance; vessel operating
expenses; fleet utilization, and the

vessels’ residual value if sold for

scrap.

Assumptions are in line
with the

Company’s historical

performance and

its expectations

for future

fleet utilization

under its
current fleet deployment

strategy. This calculation is then compared

with the vessels’

net book value
plus

unamortized

deferred

costs.

The

difference

between

the

carrying

amount

of

the

vessel

plus
unamortized

deferred

costs

and

their

fair

value

is

recognized

in

the

Company's