Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 7

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 7
---
in

an

increased

number

of

vessel

attacks

in

the

Red

Sea.

Various

shipping

companies

and/or

commercial

managers have indicated that their vessels would

avoid crossing the Red Sea and consequently

the Suez

Canal,

and

for

the

time

being

divert

vessels

around

southern

Africa’s

Cape

of

Good

Hope,

which

occasionally adds substantial

time and cost

to East-West voyages.

While we are

unable to ascertain

the

immediate impact of this conflict,

any further attacks or piracy attempts,

or continued diversion of vessels

from the Suez Canal, may affect our business, financial condition, and results of operations.

The current

state of

the global

financial markets

and economic

conditions may

adversely impact

our ability to obtain additional financing on acceptable terms and otherwise negatively impact our

business.

Global

financial

markets

can

be

volatile

and

contraction

in

available

credit

may

occur

as

economic

conditions change.

In recent

years, operating

businesses in

the global

economy have

faced

weakening

demand for

goods and

services, deteriorating

international liquidity

conditions, and

declining markets

which

lead

to

a

general

decline

in

the

willingness

of

banks

and

other

financial

institutions

to

extend

credit,

particularly in

the shipping industry. As

the shipping industry

is highly dependent

on the availability

of credit

to finance and expand operations, it may be negatively affected by such

changes and volatility.

We face risks attendant to changes in economic environments, changes in

interest rates, and instability in

the

banking

and

securities

markets

around

the

world,

among

other

factors

which

may

have

a

material

adverse effect on our results

of operations and financial

condition and may cause

the price of our

common

shares to decline.

Global economic conditions may negatively impact the drybulk shipping

industry.

Economic

growth

is

expected

to

remain

resilient

in

2025

and

2026,

despite

significant

challenges,

as

inflation is

expected to

ease further

compared to

2024