Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 101

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 101
---
this

regulation

relates

to

new

building

vessels

and

has

no

retroactive

application

to

existing

fleet.

The EPA

promulgated

equivalent

(and

in

some

senses

stricter)

emissions standards in 2010.

As a result of these designations or similar future designations, we may be

required to incur additional operating or other costs.

As determined

at the

MEPC 70,

Regulation 22A

of MARPOL

Annex VI became

effective as of

March 1,

2018

and

requires

ships

above

5,000

gross

tonnage

to

collect

and

report

annual

data

on

fuel

oil

consumption to an

IMO database, with

the first year

of data collection

having commenced on

January 1,

2019.

The IMO used such data as

part of its initial roadmap (through

2023) for developing its strategy to

reduce greenhouse gas emissions from ships, as discussed further below.

As of January

1, 2013, MARPOL

made mandatory certain

measures relating to

energy efficiency for

ships.

All

ships

are

now

required

to

develop

and

implement

a

Ship

Energy

Efficiency

Management

Plans (“ SEEMPs”), and new ships must be designed in compliance

with minimum energy efficiency levels

per capacity mile

as defined by

the Energy Efficiency

Design Index (“ EEDI”).

Under these measures,

by

56

2025, all new ships built will be 30% more energy

efficient than those built in 2014. Additionally, MEPC 75

adopted amendments to MARPOL Annex VI which brings forward the effective date of the EEDI’s

“phase

3” requirements

from April

1, 2022 to

January 1,

2025 for

several ship

types, including

gas carriers,

general

cargo ships, and LNG carriers.

Additionally,

in 2022,

MEPC 75

amended to

Annex VI

to impose

new regulations

to reduce

greenhouse

gas emissions from

ships.

These amendments

introduce requirements

to assess and

measure the energy

efficiency of all ships and set the

required attainment values, with

the goal of reducing the carbon

intensity

of international shipping.