Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 26

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 26
---
 perception

of the value of our

common stock may also

be adversely affected by

the

consequences of

war,

the

effects

of terrorism,

civil unrest

and governmental

actions in

countries or

territories that we operate in.

The smuggling

of drugs

or

other contraband

onto our

vessels may

lead to

governmental claims

against us.

We

expect that

our vessels

will call

in

ports in

areas where

smugglers attempt

to

hide drugs

and other

contraband on

vessels, with

or

without the

knowledge of

crew members.

To

the

extent our

vessels are

found with contraband,

or stowaways,

whether inside

or attached to

the hull of

our vessel and

whether with

or without the knowledge of

any of our crew,

we may face governmental or other

regulatory claims which

could have

an adverse

effect

on our

business, results

of operations,

cash flows

and financial

condition.

Under some jurisdictions, vessels used for

the conveyance of illegal drugs could

result in forfeiture of the

subject vessel to the government of such jurisdiction.

Maritime claimants

could arrest

or

attach one

or

more

of our

vessels, which

could interrupt

our

business or have a negative effect on our cash flows.

Crew members, suppliers of goods and services to a vessel, shippers of cargo, lenders, and other parties

may

be

entitled

to

a

maritime

lien

against

a

vessel

for

unsatisfied

debts,

claims

or

damages.

In

many

jurisdictions, a

maritime lien

holder may

enforce its

lien by

“arresting” or

“attaching” a

vessel through

judicial

or foreclosure proceedings.

The arrest or

attachment of

one or more

of our

vessels could interrupt

the cash

flow of

the charterer

and/or require

us to

pay a

significant amount

of money

to have

the arrest

or attachment

lifted, which would have an adverse effect on our cash flows.

In addition, in some jurisdictions, such

as South Africa, under the “sister-ship”

theory of liability, a claimant

may arrest

both