Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 5

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 5
---
and

fluctuations

in

industrial

and

agricultural production;

●

disruptions and developments in international trade;

●

changes in seaborne and other transportation patterns,

including the distance cargo is transported

by

sea

for

reasons

including

but

not

limited

to

reductions

in

canal

capacities

and

geopolitical

conflicts and military responses;

●

international

sanctions,

embargoes,

import

and

export

restrictions,

nationalizations,

piracy,

and

terrorist attacks;

●

legal

and

regulatory

changes

including

regulations

adopted

by

supranational

authorities

and/or

industry bodies, such as safety and environmental regulations and

requirements;

●

weather and acts of God and natural disasters;

11

●

environmental and other regulatory developments;

●

currency exchange rates, specifically versus USD; and

●

economic slowdowns caused by public health pandemics.

Demand for

our dry

bulk oceangoing

vessels is

dependent upon

economic

growth in

the world’s

economies,

seasonal and regional changes in

demand and changes to the

capacity of the global dry

bulk fleet and the

sources and supply for dry bulk cargo transported by sea. Continued adverse economic, political

or social

conditions

or

other

developments

could

negatively

impact

charter

rates

and

therefore

have

a

material

adverse effect on our business results, results of operations and ability to pay dividends.

Factors that influence the supply of dry bulk vessel capacity include:

●

the number of newbuilding orders and deliveries, including slippage

in deliveries;

●

the number of shipyards and ability of shipyards to deliver vessels;

●

port or canal congestion;

●

potential

disruption,

including

supply

chain

disruptions,

of

shipping

routes

due

to

accidents

or

political events;

●

speed of vessel operation;

●

vessel casualties;

●

technological advances in vessel design and capacity;

●

the degree of

scrapping or recycling

of older vessels,

depending, among other

things, on scrapping

or recycling rates and international scrapping or recycling regulations;

●

the price of steel and vessel equipment;

●

product imbalances (affecting level of trading activity)