Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 108

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 108
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WM

Convention.

This, in

effect,

makes

all

vessels delivered

before the

entry into

force date

“existing

vessels” and allows

for the installation

of ballast water

management systems on

such vessels at

the first

International Oil Pollution Prevention (“ IOPP”) renewal survey

following entry into force of the convention.

The

MEPC

maintains

guidelines for

approval

of ballast

water

management systems

(G8).

At

MEPC 72

amendments

were

adopted

to

extend

the

date

existing

vessels

are

subject

to

certain

ballast

water

standards. Ships over

400 gross tons

generally must comply

with a “ D-1

standard,” requiring

the exchange

of

ballast

water

only

in

open

seas

and

away

from

coastal

waters.

The

“ D-2

standard”

specifies

the

maximum amount of

viable organisms allowed

to be discharged,

and compliance dates

vary depending on

the IOPP renewal dates. These standards have been in force since 2019, and for most ships, compliance

with the D-2

standard involved

installing on-board systems

to treat ballast

water and

eliminate unwanted

organisms.

Ballast

water

management

systems,

which

include

systems

that

make

use

of

chemical,

biocides, organisms

or biological

mechanisms, or

which alter

the chemical

or physical

characteristics of

the ballast

water, must be

approved in

accordance with

IMO Guidelines

(Regulation D-3).

Since September

8, 2024, all ships

have been required

to meet the D-2

standard.

Additionally, in November 2020, MEPC

75

adopted

amendments to

the

BWM

Convention which

would require

a

commissioning test

of the

ballast

water management system for the initial survey or when performing an additional survey for retrofits. This

analysis

will

not

apply

to

ships

that

already

have

an

installed

BWM

system

certified

under

the

BWM

Convention. These amendments have

entered into force

on June