Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 148

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 148
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banks,

equity

contributions

from

shareholders,

long-term

bank

debt,

finance

liabilities

and

senior

unsecured

bonds.

Our

main

uses

of

funds

have

been

capital

expenditures

for

the

acquisition

and

construction of

new vessels,

expenditures incurred

in connection

with

ensuring that

our vessels

comply

with international and

regulatory standards, repayments

of bank

loans, repurchase of

our common stock

and payment of dividends.

Our

short-term

liquidity

requirements

include

capital

expenditures

in

connection

with

our

investment

in

Windward,

expenditures

relating

to

drydocking

of

vessels

to

comply

with

international

and

regulatory

standards, repayments

of

bank

loans, repurchase

of

our

common stock,

payment

of

dividends and

our

bareboat

charters.

Our

primary

sources

of

short-term

liquidity

include

cash

generated

from

operating

activities and the sale of a vessel, available cash balances and proceeds from the

exercise of warrants, if

any.

Our

long-term

liquidity

requirements

include

funding

our

newbuilding

vessel

installments,

interest

and

principal payments

on outstanding

debt,

payment of

dividends,

expenditures for

vessel efficiency

upgrades

and

drydock

costs.

Sources

of

funding

for

our

long-term

liquidity

requirements

include

cash

flows

from

operations, bank borrowings, issuance of debt and equity securities, and

vessel sales.

77

As

of

December

31,

2024

and

2023,

working

capital,

which

is

current

assets

minus

current

liabilities,

including the current

portion of long-term

debt and finance

liabilities, amounted to

$126.4 million and

$97.1

million,

respectively.

The

increase

in

working

capital

was

mainly

due

to

increased

cash

and

cash

equivalents and time deposits, as a result of the liquidation of our investment in equity securities