Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 8

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 8
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. However,

major market

disruptions and

adverse

changes in market conditions and regulatory climate in China,

the United States, the European Union and

worldwide may adversely affect our business or impair our ability to borrow amounts under credit facilities

or any future financial arrangements.

Chinese dry bulk imports have accounted

for the majority of global dry bulk

transportation growth annually

over the

last decade.

Accordingly,

our financial

condition and results

of operations,

as well

as our

future

prospects,

would

likely

be

hindered

by

an

economic

downturn

in

any

of

these

countries

or

geographic

regions. In recent years

China and India have

been among the

world’s fastest growing economies

in terms

of gross

domestic product.

Although China

met its

official growth

target of

5% in

2024, the

growth of

China’s

economy is projected to slow

in 2025, as there is a

continuous threat of a Chinese

financial crisis resulting

13

from deteriorating real estate property values, excessive personal and corporate indebtedness and “trade

wars”. An economic slowdown in

China, the Asia-Pacific region, or in

India may adversely affect

demand

for seaborne

transportation of

our products

and our

results of

operations. Moreover,

any deterioration in

the economy of the

United States or the

European Union, may

further adversely affect economic

growth in

Asia.

In

recent

years,

China

and

the

United

States

have

implemented

certain

increasingly

protective

trade

measures

with

continuing

tensions

that

started

as

tariffs

and

now

include

technology

restrictions

and

additional export controls. Moreover, the impact that the

new U. S. presidential administration will have on

these tensions remains in flux. Geopolitical tensions in 2025

may intensify and impact trade flows, military

conflicts, and dry

bulk transportation

in the

future, and

U. S.-China trade

tensions, including

the introduction

by the U. S.

government of

tariffs affecting certain

goods imported

by China, may

provoke further

retaliatory

trade actions.

Additionally,

new tariffs

have recently

been imposed

by the