Company: DSX-PB
Filing Date: 2025-09-15
Form Type: 6-K
Source: 0001562762-25-000232
Chunk: 31

Company: DIANA SHIPPING INC.
Filing Date: 2025-09-15
Form: 6-K
Chunk 31
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

June 30, 2025

(Expressed in thousands of U.S. Dollars – except share, per share

data, unless otherwise stated)

F-9

June 30, 2025and December 31, 2024,the investment amounted to$ 43,889 and $ 36,631 , respectively, mainlyconsistingofadvances tofundtheconstructionof four vesselsandworkingcapital.Forthesix months ended June 30, 2025 and 2024, the investment in Windward resulted in a lossof $ 476 and $ 434 , respectively,andisincludedinlossfromequitymethodinvestmentsintheaccompanyingunaudited interim consolidated statements of income/(loss). d)DianaMarinersInc.,orDianaMariners: OnSeptember12,2023,theCompanythroughits wholly owned subsidiary Cebu Shipping Company Inc., or Cebu, acquired 24 % of Cohen Global Maritime Inc.,orCohen,acompanyorganizedintheRepublicofthePhilippinesforthepurposeofproviding manning agency services. In August 2024, Cohen was renamed DianaMariners and acts as the manning agentoftheCompany’svessels.AsofJune30,2025andDecember31,2024,theCompany’s investment in Diana Mariners amounted to$ 365 and $ 389 , respectively and there wasan amount of $ 14 and $ 100 , includedin dueto anddue fromrelated parties,respectively.For thesix monthsended June 30, 2025 and 2024, the investment in Diana Mariners resulted in a loss of $ 24 and $ 0 , respectively and is includedinlossfromequitymethodinvestmentsintheaccompanyingunauditedinterimconsolidated statements ofincome/(loss).As ofJune 30,2025, twoof theCompany’s ship-owningsubsidiaries have entered into manning agreements with Diana Mariners. e)EcogasHoldingAS,orEcogas: OnMarch12,2025,theCompany,throughawhollyowned subsidiaryDianaGasInc.,enteredintoajointventureagreementwithanunrelatedpartytoestablish Ecogas,a companyformed underthelawsof Norway,forthepurpose ofbuilding two 7,500cbmLPG vesselswithdeliveryin2027andwithanoptionfor two additionalvessels.TheCompany