Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 40

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 40
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 service

our indebtedness. Further, it is likely that we

will incur additional costs and

require

additional

resources

to

monitor,

report

and

comply

with

wide

ranging

ESG

requirements.

The

occurrence

of

any

of

the

foregoing

could

have

a

material

adverse

effect

on

our

business

and

financial

condition.

Moreover,

from time to

time, in

alignment with

our sustainability priorities,

we may

establish and publicly

announce

goals

and

commitments

in

respect

of

certain

ESG

items.

While

we

may

create

and

publish

voluntary disclosures regarding ESG matters from time to time,

many of the statements in those voluntary

disclosures are

based on

hypothetical expectations

and assumptions

that may

or may

not be

representative

of current or actual risks or events or forecasts of expected risks or events, including

the costs associated

therewith.

Such

expectations and

assumptions

are

necessarily uncertain

and

may

be

prone to

error

or

subject to

misinterpretation given

the long

timelines involved

and the

lack of

an established

single approach

to identifying, measuring and reporting on many ESG matters. If we fail to achieve or improperly

report on

our progress toward achieving our environmental goals and commitments, the resulting negative publicity

could adversely affect our reputation and/or our access to capital.

27

Our earnings

may be

adversely affected

if we

are not

able to

take advantage of

favorable charter

rates.

We

charter

our

dry

bulk

carriers

to

customers

pursuant

to

short,

medium

or

long-term

time

charters.

However,

as

part

of

our

business

strategy,

the

majority

of

our

vessels

are

currently

fixed

on

short

to

medium-term time charters.

We may extend

the charter periods

for additional

vessels in our

fleet, including

additional dry bulk

carriers that

we may purchase

in the

future, to take

advantage of the

relatively stable

cash flow and high utilization rates that are associated with long-term time charters. While we believe