Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 124

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 124
---
6

and does not

directly limit greenhouse

gas emissions from

ships. The U. S.

initially

entered

into

the

agreement,

but

on

June

1,

2017,

the

former

U. S. President

Trump

announced

that the United States intends

to withdraw from the

Paris Agreement, and the

withdrawal became effective

on November 4, 2020. On January 20, 2021, U. S. President Biden signed an executive

order to rejoin the

Paris

Agreement,

which

the

U. S.

officially

rejoined

on

February

19,

2021.

However,

in

January

2025,

President Trump

signed an

executive order

to begin

the

withdrawal of

the United

States from

the Paris

Agreement.

At

MEPC

70

and

MEPC

71,

a

draft

outline

of

the

structure

of

the

initial

strategy

for

developing

a

comprehensive

IMO

strategy

on

reduction

of

greenhouse

gas

emissions

from

ships

was

approved.

In

accordance with this roadmap, in April 2018, nations at

the MEPC 72 adopted an initial strategy to reduce

greenhouse

gas

emissions

from

ships.

The

initial

strategy

identifies

“levels

of

ambition”

to

reducing

greenhouse

gas

emissions,

including

(1)

decreasing

the

carbon

intensity

from

ships

through

implementation of

further phases

of the

EEDI for

new ships;

(2) reducing

carbon dioxide

emissions per

transport

work,

as

an

average

across

international shipping,

by

at

least

40%

by

2030,

pursuing

efforts

towards 70%

by 2050,

compared to 2008

emission levels; and

(3) reducing the

total annual

greenhouse

emissions by

at least

50% by

2050 compared

to 2008

while pursuing

efforts

towards phasing

them out

entirely.

The initial strategy

notes that technological

innovation, alternative

fuels and/or energy

sources for

international shipping will