Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 16

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 16
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cash flows, including cash available for dividends to our stockholders.

Outbreaks

of

epidemic

and

pandemic

diseases

and

governmental

responses

thereto

could

adversely affect our business.

Our operations are subject to risks related to pandemics, epidemics or other infectious disease outbreaks

and government responses thereto.

The

extent

to

which

our

business,

the

global

economy

and

dry

bulk

transportation

industry

may

be

negatively

affected

by

future

pandemics,

epidemics

or

other

outbreaks

of

infectious

diseases

is

highly

uncertain and will

depend on numerous evolving

factors that we

cannot predict, including, but

not limited

to (i) the duration and

severity of the infectious disease

outbreak; (ii) the imposition

of restrictive measures

to combat the outbreak and slow disease transmission; (iii) the introduction of financial support measures

to reduce the impact

of the outbreak on the

economy; (iv) volatility in the

demand for and price

of oil and

gas; (v) shortages or reductions in the supply of

essential goods, services or labor; (vi) the effect such

an

outbreak would have on the

global business environment and

the demand for the goods we

transport; (vii)

governmental

responses;

and

(viii)

fluctuations

in

general

economic

or

financial

conditions

tied

to

the

outbreak, such

as a

sharp increase

in

interest rates

or reduction

in the

availability of

credit. We

cannot

predict

the

effect

that

any

future

infectious

disease

outbreak,

pandemic

or

epidemic

may

have

on

our

business, results of operations and financial condition, which could be

material and adverse.

Our operating results may be affected by seasonal fluctuations.

We operate our vessels in markets that have

historically exhibited seasonal variations in demand and, as

a result,

in charter

hire rates.

This seasonality

may result

in quarter-to-quarter

volatility in

our operating

results.

The

dry

bulk

carrier

market

is

typically

stronger

in

the

fall

and