Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 47

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 47
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could

reduce our charter hire income and affect the demand and the value

of our vessels.

Our customers have a high and increasing focus on quality and compliance standards with their suppliers

across

the

entire

supply

chain,

including

the

shipping

and

transportation

segment.

Our

continued

compliance with these

standards and quality

requirements is vital

for our operations.

The charter hire

rates

and the value and operational life

of a vessel are determined by a number

of factors including the vessel’s

efficiency, operational flexibility and physical

life. Efficiency includes

speed, fuel economy

and the ability

to

load

and

discharge

cargo quickly.

Flexibility includes

the

ability to

enter harbors,

utilize related

docking

facilities and pass through canals and straits. The length of a vessel’s physical life is

related to its original

design and construction, its maintenance and the impact of the stress

of operations. We face competition

from

companies

with

more

modern

vessels

having

more

fuel

efficient

designs

than

our

vessels, or

eco

vessels, and if

new dry bulk

vessels are built

that are

more efficient or

more flexible or

have longer

physical

lives

than

the

current

vessels,

competition

from

the

current

eco

vessels

and

any

more

technologically

advanced vessels could adversely

affect the amount

of charter hire payments

we receive for our

vessels

and the resale value of

our vessels could significantly decrease. In these circumstances, we may

also be

forced to

charter our

vessels to

less creditworthy

charterers, either

because top

tier charters

will not

charter

older

and

less

technologically

advanced

vessels

or

will

only

charter

such

vessels

at

lower

contracted

charter

rates

than

we

are

able

to

obtain

from

these

less

creditworthy,

second

tier

charterers.

Similarly,

technologically advanced vessels are needed to

comply with environmental laws the

investment in which

along with the

foregoing could have

a material adverse

effect on charter

hire payments and