Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 46

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 46
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for

charters with

new entrants

or established

companies with

greater resources,

and as

a result,

we

may be unable to employ our vessels profitably.

The

operation

of

dry

bulk

vessels

and

transportation

of

dry

bulk

cargoes

is

extremely

competitive

and

fragmented. Competition

for the transportation

of dry bulk

cargoes by sea

is intense and

depends on

price,

location,

size,

age,

condition

and

the

acceptability

of

the

vessel

and

its

operators

to

the

charterers.

Competition arises

primarily from

other vessel

owners, some

of whom

have substantially

greater resources

than we do. Due in part

to the highly fragmented market,

competitors with greater resources

than us could

enter the

dry bulk

shipping industry

and operate

larger fleets

through consolidations

or acquisitions

and

may

be able

to

offer

lower

charter rates

and

higher quality

vessels than

we

are

able to

offer.

If we

are

unable to successfully compete with other

dry bulk shipping companies, our results

of operations may be

adversely impacted.

We

may

be

unable to

attract

and

retain

key management

personnel and

other

employees in

the

shipping industry, which may

negatively impact the effectiveness of our

management and results

of operations.

Our success depends

to a

significant extent upon

the abilities and

efforts of

our management team.

Our

success

will

depend

upon

our

ability

to

retain

key

members

of

our

management

team

and

to

hire

new

members as may

be necessary.

The loss of

any of these

individuals could adversely affect

our business

prospects

and

financial

condition.

Difficulty

in

hiring

and

retaining

replacement

personnel

could

have

a

similar effect.

We do

not currently,

nor do

we intend

to, maintain

“key man”

life insurance

on any

of our

officers or other members of our management team.

30

Technological

innovation

and

quality

and

efficiency

requirements

from

our

customers