Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 50

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 50
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 derivatives, we

may employ such instruments

from time to time in the future

in order to

minimize this risk. Our use of

financial derivatives would involve

certain risks, including the risk

that losses

on a

hedged position

could exceed

the nominal

amount invested

in the

instrument and

the risk

that the

counterparty to the derivative transaction

may be unable or

unwilling to satisfy its

contractual obligations,

which could have an adverse effect on our results.

We depend

upon a few

significant customers for a

large part of

our revenues and the

loss of one

or more of these customers could adversely affect our financial performance.

We have historically

derived a significant part

of our revenues from

a small number of

charterers. During

2024, 2023, and

2022, approximately

11%, 13% and 34%,

respectively, of our revenues

were derived

from

one,

one

and

two

charterers,

respectively.

If

one

or

more

of

our

charterers

chooses

not

to

charter

our

vessels

or

is

unable

to

perform

under

one

or

more

charters

with

us

and

we

are

not

able

to

find

a

replacement charter, we could suffer

a loss of revenues that could adversely affect our financial condition

and results of operations.

We are a holding company, and we

depend on the ability of our subsidiaries to distribute funds to

us in order to satisfy our financial obligations.

We are a holding company and our subsidiaries conduct all of our operations and own all of our

operating

assets. We

have no significant

assets other than

the equity

interests in our

subsidiaries. As a

result, our

ability to satisfy our financial obligations depends on our subsidiaries and their ability to distribute

funds to

us.

If

we

are

unable

to

obtain

funds

from

our

subsidiaries,

we

may

not

be

able

to

satisfy

our

financial

obligations.

Certain of our vessels

are owned through joint

ventures that we have entered

into, and our views

about

the

operations

of

those

vessels

may

differ