Company: DSX-PB
Filing Date: 2025-09-15
Form Type: 6-K
Source: 0001562762-25-000232
Chunk: 10

Company: DIANA SHIPPING INC.
Filing Date: 2025-09-15
Form: 6-K
Chunk 10
---
ers,

future spot charter

rates may be

higher or lower

than the rates

at

which

we

have

employed

our

vessels

on

period

charters.

Our

time

charter

agreements

subject

us

to

counterparty risk.

In depressed

market conditions,

charterers may

seek to

renegotiate the

terms of

their

existing

charter

parties

or

avoid

their

obligations

under

those

contracts.

Should

a

counterparty

fail

to

honor their obligations under agreements with

us, we could sustain significant losses

which could have a

material adverse effect on our business, financial condition, results of operations

and cash flows.

#### Voyage Expenses
We

incur

voyage

expenses

that

mainly

include

commissions

because

all

of

our

vessels

are

employed

under

time

charters that

require the

charterer to

bear voyage

expenses such

as

bunkers (fuel

oil),

port

and canal

charges. Although

the charterer

bears the

cost of

bunkers, we

also have

bunker gain

or loss

deriving

from

the

price

differences

of

bunkers.

When

a

vessel

is

delivered

to

a

charterer,

bunkers

are

purchased

by

the

charterer

and

sold

back

to

us

on

the

redelivery

of

the

vessel.

Bunker

gain,

or

loss,

results

when

a

vessel

is

redelivered

by

her

charterer

and

delivered

to

the

next

charterer

at

different

bunker prices, or quantities.

We

currently pay

commissions ranging

from

4.75% to

5.00% of

the

total

daily charter

hire rate

of

each

charter to unaffiliated ship brokers and in-house brokers associated with the charterers,

depending on the

number of brokers

involved with arranging the

charter. In

addition, we pay

a commission to

DWM and to

DSS for

those vessels

for which

they provide

commercial management services.

The commissions