Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 300

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 300
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,

dividend

income

from

the

Series

C

and

Series

D

OceanPal

preferred

shares
amounted to $
17, $
801
and $
917, respectively, included in interest and

other income in the

accompanying
consolidated statements of income.

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

(Expressed in thousands of U. S. Dollars - except share, per share

data, unless otherwise stated)

F-24

b)

Investment

in

equity

securities:
In

2023,

the

Company

acquired

equity

securities

of

an

entity
listed in the NYSE which as of December

31, 2023 had a fair value of $
20,729. The equity securities were
initially recorded at

cost amounting

to $
17,916
and measured at

year-end at fair

value, determined

through
Level 1

of the

fair value

hierarchy. The securities

were considered

marketable securities

that were

available
to

be

converted

into

cash

to

fund

current

operations

and

were

classified

in

current

assets

in

the
accompanying consolidated

balance sheet.

The Company

sold all

securities during

the first

quarter of

2024
and in

2024 and

2023, recorded

a realized

loss of

$
400
and an

unrealized gain

of $
2,813, respectively,
presented in gain/(loss) on equity securities in the accompanying

consolidated statements of income.

6.

Advances for vessels under construction and Vessels, net
It is in

the Company’s normal

course of business

from time to

time to acquire

and sell vessels.

Accordingly,
in 2024 and 2023, the Company entered into the below transactions.
Vessels under construction
On

February

8,

2024,

the

Company

signed

an

agreement

with

an

unaffiliated

third

party,

for

the
construction of
two
81,200 dwt methanol dual

fuel new-building Kamsarmax dry

bulk vessels, to be

built at
Tsuneishi

Group

(Zhoushan) Shipbuilding

Inc.,

China