Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 51

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 51
---
from

our

joint

venture

partners

and

adversely

affect our interest in the joint ventures.

We have entered into

two joint venture arrangements pursuant to

which we own minority interests in

four

commissioning service operation

vessel newbuilding contracts

through Windward

Offshore GmbH

& Co.

KG

and

one

dry

bulk

vessel

through

Bergen

Ultra,

and

we

may

enter

into

additional

joint

venture

arrangement

in

the

future. As

a

minority

interest

holder

in

these

joint

ventures,

we

share

voting

and

operational control of these joint

ventures and the operations of

these vessels. Our joint venture partners

may have interests that are different from ours which may result in conflicting views as to the operation of

the vessels owned by

the joint ventures or

the conduct of the

business of the joint

ventures. We may

not

be able

to resolve

such conflicts

in our

favor and

such conflicts

or differing

views could

have a

material

adverse effect on our interest in these joint ventures.

32

Because we

are organized

under the

laws of

the Marshall

Islands, it

may be

difficult to

serve us

with legal process or enforce judgments against us, our directors

or our management.

We are

organized under

the laws

of the

Marshall Islands,

and substantially

all of

our assets

are located

outside of the United States. In addition, the majority of our directors and officers are non-residents of the

United States, and all or a substantial portion of the assets of these non-residents are located outside the

United States.

As a

result, it

may be

difficult or

impossible for

someone to

bring an

action against

us or

against these

individuals in

the

United

States if

they

believe that

their

rights

have been

infringed under

securities laws or

otherwise. Even if

you are successful

in bringing an

action of this

kind, the laws

of the

Marshall Islands and of other jurisdictions may prevent or restrict them from enforcing a judgment against

our assets or the assets of our directors or officers.

The international nature of our operations may make

the outcome of any bankruptcy