Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 274

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 274
---

-

-

20,571

Non-cash finance liability

-

-

47,782

Stock issued in noncash financing activities

3,852

7,809

67,909

Non-cash investments acquired

-

10,000

-

Noncash dividend

-

41,521

-

Transfer to Investments

-

-

1,370

Interest paid, net of amounts capitalized

$

46,257

$

46,473

21,306

The accompanying notes are an integral part of these consolidated financial statements.

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

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

data, unless otherwise stated)

F-13

1.

Basis of Presentation and General Information
The accompanying consolidated financial statements include the accounts

of Diana Shipping Inc., or DSI,
and

its

wholly owned

subsidiaries (collectively,

the

“ Company”). DSI

was formed

on
March 8, 1999,

as
Diana

Shipping

Investment

Corp.,

under

the

laws

of

the

Republic

of

Liberia.

In

February

2005,

the
Company’s

articles

of

incorporation

were

amended.

Under

the

amended

articles

of

incorporation,

the
Company

was

renamed

Diana

Shipping

Inc.

and

was

re-domiciled

from

the

Republic

of

Liberia

to

the
Republic of the Marshall Islands.
The Company

is engaged

in the ocean

transportation of

dry bulk

cargoes worldwide

through the ownership
and

bareboat charter

in of

dry bulk

carrier vessels.

The Company

operates its

own fleet

through Diana
Shipping Services

S. A. (or

“ DSS”), a

wholly owned

subsidiary and

through Diana

Wilhelmsen Management
Limited,

or

DWM,

a
50
%

owned

joint

venture

(Note

4(a)).

The

fees

paid

to

DSS

are

eliminated

upon
consolidation.

2.

Significant Accounting Policies and Recent Accounting Pronouncements
a)
Principles

of

Consolidation
:

The

accompanying

consolidated

financial