Company: DSX-PB
Filing Date: 2025-09-15
Form Type: 6-K
Source: 0001562762-25-000232
Chunk: 8

Company: DIANA SHIPPING INC.
Filing Date: 2025-09-15
Form: 6-K
Chunk 8
---
 for

reasons other

than scheduled

repairs or

repairs under

guarantee, vessel

upgrades, special surveys or vessel positioning for such events.

(6)

Time

charter

equivalent

rate,

or

TCE,

is

defined

as

our

time

charter

revenues

less

voyage

expenses during

a period

divided by

the number

of our

available days

during the

period. Our

method of

computing

TCE

rate

may

not

necessarily

be

comparable

to

TCE

rates

of

other

companies

due

to

differences

in

methods

of

calculation.

TCE

is

a

non-GAAP

measure,

and

management

believes

it

is

useful

to

investors

because

it

is

a

standard

shipping

industry

performance

measure

used

primarily

to

compare daily

earnings generated

by vessels

on time

charters with

daily earnings

generated by

vessels

on

voyage

charters,

because

charter

hire

rates

for

vessels

on

voyage

charters

are

generally

not

expressed

in

per

day

amounts

while

charter

hire

rates

for

vessels

on

time

charters

are

generally

expressed

in

such

amounts.

TCE

is

used

by

management

to

assess

and

compare

the

vessels’

profitability.

(7)

Daily

vessel

operating

expenses,

which

include

crew

wages

and

related

costs,

the

cost

of

insurance,

expenses

relating

to

repairs

and

maintenance,

the

costs

of

spares

and

consumable

stores,

tonnage taxes

and other

miscellaneous expenses,

are calculated

by dividing

vessel operating

expenses

by ownership days for the relevant period.

The following table reflects such factors for the periods indicated:

7

#### For the six months ended June 30,

#### 2025

#### 2024
Ownership days

6,768

7,162

Available days

6,632

7,112

Operating days

6,602