Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 233

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 15
Chunk 233
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 inherent limitations include the realities that judgments in

decision-making can

be faulty

and that

breakdowns can

occur because

of simple

error or

mistake. Controls

can also be

circumvented by the

individual acts of

some persons, by

collusion of two

or more people,

or

by management override of the controls. The

design of any system of controls

is based in part on

certain

assumptions

about

the

likelihood

of

future

events,

and

there

can

be

no

assurance

that

any

design

will

succeed in achieving its stated goals under all potential future conditions. Projections of any evaluation of

controls effectiveness

to future periods

are subject to

risks. Over time,

controls may become

inadequate

because of changes in conditions

or deterioration in the degree of

compliance with policies or procedures.

Item 16A. Audit Committee Financial Expert

Our Board of Directors has determined that both the members of our

Audit Committee, Mr. Kyriacos Riris

and

Mr.

Apostolos

Kontoyannis,

qualify

as

“ Audit

Committee

financial

experts”

and

that

they

are

both

considered to be “independent” under applicable NYSE and SEC standards.

Item 16B. Code of Ethics

We have

adopted a code of

ethics that applies to

officers, directors, employees

and agents. Our code

of

ethics is posted on our website,

http://www. dianashippinginc. com

, under “ About Us - Code of Ethics” and

is filed

as Exhibit

11.1

to this

Annual Report.

Copies of

our code

of ethics

are available

in print,

free of

charge, upon

request to

Diana Shipping

Inc., Pendelis

16, 175

64 Palaio

Faliro, Athens,

Greece. We intend

to

satisfy

any

disclosure requirements

regarding

any

amendment to,

or waiver

from,

a

provision of

this

code of ethics by posting such information on our website.

Item 16C. Principal Accountant Fees and Services

a) Audit Fees

Our

principal

accountants,

Deloitte

Certified

Public

Accountants