Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 11

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 11
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 reducing

demand for

the commodities

and products

we carry, and cause

a reduction

in trade. As a result,

the volumes of goods we

deliver and/or charter rates

for our vessels may be

affected.

Any

of

these

factors

could

have

an

adverse effect

on

our

business, financial

condition,

cash

flows

and

operating results.

Our operations

expose us

to global

risks, such

as political

instability, terrorist

or other

attacks, war,

international

hostilities

and

economic

sanctions

restrictions

which

may

affect

the

seaborne

transportation industry and adversely affect our business.

We are an international

shipping company and

primarily conduct most

of our operations

outside the United

States, and our business,

results of operations, cash

flows, financial condition

and ability to pay dividends,

if

any,

may

be

adversely

affected

by

changing

economic,

political

and

government

conditions

in

the

countries and regions where our vessels are employed or registered. Moreover, we operate

in a sector of

the economy that is

likely to be adversely

impacted by the effects

of political conflicts,

including the current

political instability in the

Middle East (including in

Israel and Gaza), Ukraine, the

South China Sea region

and other geographic

countries and

areas, geopolitical

events, terrorist

or other attacks,

war (or

threatened

war) and international hostilities. The response of the United States and others to terrorist

attacks, as well

as

the

threat

of

future

terrorist

attacks

around

the

world,

continues

to

cause

uncertainty

in

the

world’s

financial

markets

and

may

affect

our

business,

operating

results,

and

financial

condition.

Continuing

conflicts and

recent developments

in Ukraine

and the

Middle East,

and increased

tensions between

the

U. S. and China,

Russia, Iran and

certain terrorist organizations, as

well as the

presence of U. S.

or other

armed forces in various

other regions, may lead

to additional acts of

terrorism and armed conflict

around

the world, which

may contribute to

further economic instability in

the global