Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 10

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 10
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 factors, including the

oversupply of vessels, easing

of port congestion, slower

demand growth and

economic and

geopolitical factors.

The decline

and volatility

in charter

rates in

the

dry bulk

market also

affects the value of our dry bulk vessels, which follows the trends of dry bulk charter

rates.

Any

decline

in

the

dry

bulk

carrier

charter

market

may

have

additional

adverse

consequences

for

our

industry,

including

an

absence

of

financing

for

vessels,

no

active

secondhand

market

for

the

sale

of

vessels,

charterers

seeking

to

renegotiate

the

rates

for

existing

time

charters,

and

widespread

loan

covenant defaults in the dry bulk shipping

industry. Accordingly, the value of our common shares could be

substantially reduced or eliminated.

Worldwide inflationary

pressures could

negatively impact

our results

of operations

and cash

flows.

The

previous

year

worldwide

economies

experienced

inflationary

pressures,

with

price

increases

seen

across

many

sectors

globally.

For

example,

the

U. S.

consumer

price

index,

an

inflation

gauge

that

measures costs

across dozens

of items

rose 3.4%

and 2.9%

in December 2023

and 2024,

respectively,

compared to the prior year. It remains to be seen whether

inflationary pressures will increase again

and to

what degree. In the

event that inflation

becomes a significant

factor in the global

economy generally and

in

the shipping industry more specifically,

inflationary pressures would result in increased operating, voyage

and administrative

costs. Furthermore, the

effects of

inflation on

the supply

and demand

of the

products

we

transport

could

alter

demand

for

our

services.

Interventions

in

the

economy

by

central

banks

in

response

to

inflationary

pressures

may

slow

down

economic

activity,

including

by

altering

consumer

14

purchasing habits

and