Company: DSX-PB
Filing Date: 2025-09-15
Form Type: 6-K
Source: 0001562762-25-000232
Chunk: 39

Company: DIANA SHIPPING INC.
Filing Date: 2025-09-15
Form: 6-K
Chunk 39
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6 andthereafter 95,961 Total $ 499,015 8.Finance Liabilities

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2025

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

data, unless otherwise stated)

F-14

OnMarch29,2022,theCompanysold Florida toanunrelatedthirdpartyandleasedbackthevessel fromthebuyerforaperiodof ten years ,underwhichtheCompanypaysafixedmonthlyhire.The Company has theoption to repurchase thevessel at specific prices,after the endof the thirdyear of the charter period and for each year thereafter,and the obligation to purchase the vessel on the expirationof the lease on the tenth year. On August 17, 2022, theCompany entered into two sale and leaseback agreements with twounaffiliated thirdpartiesfor NewOrleans and SantaBarbara .Thevesselsweredeliveredtotheirbuyerson September8,2022and September12,2022, respectivelyand theCompanychartered-in bothvessels under bareboatcharter partiesfor aperiod of eight years , each,under whichthe Companypays afixed monthlyhire.Underthebareboatcharter,theCompanyhastheoptiontorepurchasethevesselat specific prices,after theend ofthe thirdyear ofthe charterperiod andfor eachyear thereafter,and the obligation to purchase the vessel on the expiration of the lease on theeighth year. OnDecember 6,2022, theCompany sold DSI Andromeda toan unrelatedthirdparty andleased back the vessel under a bareboat agreement, for a period of ten years , under which the Company pays a fixed monthlyhire.The Companyhas theoption torepurchase thevessel atspecificprices, aftertheendof the third year of the charter period and for each year thereafter,and the obligation to purchase the vessel on the expiration of the lease on the tenth year. TheCompanydetermined that,underACS842-40SaleandLeasebackTransactions,thetransactions arefailedsalesandconsequently theassetswerenotderecognized fromthefinancialstatementsand the proceeds fromthe sale ofthe vessels wereaccounted for asfinancial liabilities. Asof June 30,2025 andDecember31,2024,financeliabilityamountedto$ 9,820 and$ 9,608