Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 102

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 102
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 The requirements include (1) a

technical requirement to reduce carbon intensity

based

on

a

new

Energy

Efficiency

Existing

Ship

Index

(“ EEXI”),

and

(2)

operational

carbon

intensity

reduction requirements, based on a new

operational carbon intensity indicator (“ CII”).

The attained EEXI

is required to be calculated for ships of 400 gross tonnage and above, in accordance with different values

set for

ship types

and categories.

With respect

to the

CII, the

draft amendments

would require

ships of

5,000

gross

tonnage

to

document

and

verify

their

actual

annual

operational

CII

achieved

against

a

determined

required

annual

operational

CII.

All

ships

above

400

gross

tonnage

must

also

have

an

approved SEEMP on board.

For ships above 5,000

gross tonnage, the SEEMP needs

to include certain

mandatory content.

That same year,

MEPC amended MARPOL Annex I to

prohibit the use and carriage

for use as

fuel of heavy

fuel oil (“ HFO”)

by ships in

Arctic waters on

and after July

1, 2024. In

July 2021,

MEPC 77 adopted a non-binding resolution

which urges Member States and ship

operators to voluntarily

use distillate or

other cleaner alternative

fuels or methods

of propulsion that

are safe for

ships and could

contribute

to

the

reduction of

Black

Carbon

emissions

from

ships

when operating

in

or

near the

Arctic.

MEPC 79 adopted amendments

to MARPOL Annex VI,

Appendix IX to include

the attained and required

CII values, the CII

rating and attained EEXI

for existing ships in

the required information to be

submitted to

the IMO Ship Fuel Oil Consumption Database. The Mediterranean Sea became an ECA on

May 1, 2024,

and compliance obligations will begin

May 1, 2025. MEPC 79 also revised

the EEDI calculation guidelines

to

include

a

CO2

conversion

factor

for

ethane,

a

reference

to

the

updated

ITCC

guidelines