Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 145

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 145
---

DWM in

2024 remained

the same

with 2023.

Gain

on

sale

of

vessels.

Gain

on

sale

of

vessels

increased

by

$0.5

million,

or

9%,

to

$5.8

million

which

resulted

from

the

sale

of

vessels

Artemis

and

Houston

in

2024

compared

to

$5.3

million

in

2023

which

resulted from the sale of vessels

Aliki, Melia and Boston

in 2023.

Interest expense and

finance costs.

Interest expense and

finance costs decreased

by $1.8 million

or 4%

to $47.5

million

in 2024

compared

to $49.3

million

in 2023.

The decrease

derived from

a decreased

average

outstanding

balance

of

debt

and

finance

liabilities

in

2024

and

was

partly

offset

by

increased

average

interest rates compared to 2023.

Interest and

other income

. Interest

and other

income increased

by $0.2

million, or

2%, to

$8.4 million in

2024 compared to $8.2 million in 2023. The increase

is mainly attributable to an increased amount

of time

deposits booked during

2024 and was

partly offset by

decreased deposit

rates achieved

in 2024 compared

to 2023.

Loss on

extinguishment of

debt.

In 2024,

loss on

extinguishment of

debt increased

by $2.8

million, or

400%

to $3.5 million and consisted of the prepayment of the 8.375% Senior Unsecured bond at a price equal to

103.35% of nominal value, with the proceeds from the new bond.

In 2023, loss on extinguishment of debt

amounted to

$0.7 million

and consisted

of the

prepayment in

full of

six loan

agreements refinanced

by other

banks.

Gain/(loss) on derivatives

. In 2024,

gain on derivates amounted

to $0.3 million, as

compared to