Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 74

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 74
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Item 4.

Information on the Company

A.

History and development of the Company

Diana Shipping Inc. is a holding company

incorporated under the laws of Liberia in

March 1999 as Diana

Shipping

Investments

Corp.

In

February

2005,

the

Company’s

articles

of

incorporation

were

amended.

Under the amended

and restated articles

of incorporation, the

Company was

renamed Diana Shipping

Inc.

and was re-domiciled from the Republic

of Liberia to the Republic of

the Marshall Islands.

Our executive

offices

are located

at Pendelis

16,

175 64

Palaio Faliro,

Athens, Greece.

Our telephone

number at

this

address is +30-210-947-0100. Our agent and authorized representative in the United States is our wholly

owned

subsidiary,

Bulk

Carriers

(USA)

LLC,

established in

September

2006,

in

the

State

of

Delaware,

which is located

at 2711 Centerville Road, Suite

400, Wilmington, Delaware

19808. The SEC

maintains an

Internet

site

that

contains

reports,

proxy

and

information

statements,

and

other

information

regarding

issuers that file electronically with

the SEC. The address of

the SEC's Internet site

is http://www. sec. gov.

The address of the Company's Internet site is http://www. dianashippinginc. com.

Recent Developments

Joint Venture Agreements

In

November

2023,

we

entered

into

a

joint

venture

agreement,

with

two

unrelated

companies

to

form

Windward

Offshore

GmbH

&

Co.

KG,

or

Windward,

for

the

purpose

of

establishing

and

operating

an

offshore wind

vessel company.

We

agreed to

contribute Euro

25.0 million,

being 45.45%

of Windward’s

capital,

to

construct

two

CSOVs.

In

January

2024,

we

committed

to

increase

our

contribution

to

the

partnership to Euro 50.0

million, being 45.87% of

Windward’s capital in

order for the partnership