Company: DSX-PB
Filing Date: 2025-09-15
Form Type: 6-K
Source: 0001562762-25-000232
Chunk: 11

Company: DIANA SHIPPING INC.
Filing Date: 2025-09-15
Form: 6-K
Chunk 11
---

paid

to

DSS

are

eliminated

from

our

consolidated

financial

statements

as

intercompany

transactions.

The

effect

of

bunker

prices

cannot

be

determined,

as

a

gain

or

loss

from

bunkers

results

mainly

from

the

difference in

the value

of bunkers

paid by

the Company

when the

vessel is

redelivered to

the Company

from the

charterer under

the vessel’s

previous time

charter agreement

and the

value of

bunkers sold

by

the Company when the vessel is delivered to a new charterer.

#### Vessel Operating Expenses
Vessel

operating

expenses

include

crew

wages

and

related

costs,

the

cost

of

insurance,

expenses

relating

to

repairs

and

maintenance,

the

cost

of

spares

and

consumable

stores,

tonnage

taxes,

environmental plan costs and

HSQ and vetting. Our

vessel operating expenses generally represent fixed

costs.

#### Vessel Depreciation
The

cost

of

our

vessels

is

depreciated

on

a

straight-line

basis

over

the

estimated

useful

life

of

each

vessel. Depreciation is based on the

cost of the vessel less

its estimated salvage value. We

estimate the

useful life of

our dry bulk

vessels to be

25 years from the

date of initial

delivery from the

shipyard, which

we believe

is common

in the

dry bulk

shipping industry.

Furthermore, we estimate

the salvage

values of

our

vessels

based

on

historical

average

prices

of

the

cost

of

the

light-weight

ton

of

vessels

being

scrapped.

#### General and Administrative Expenses
We

incur

general

and

administrative

expenses

which

include

our

onshore

related

expenses

such

as

payroll

expenses

of

employees,

executive

officers,

directors

and

consultants,

compensation

cost

of

restricted stock

awarded to

senior management

and non-executive

directors,