Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 161

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 161
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deferred

cost.

These

vessels

would

be

impaired

in

accordance with the

related US GAAP

guidance for impairment

recognition, if the

undiscounted cash

flows

were lower

compared to

their carrying

value. Based

on: (i)

the carrying

value plus

unamortized deferred

cost of

each of

our vessels as

of December 31,

2024 and

2023 and (ii)

what we

believe the charter-free

market value of each

of our vessels was

as of December 31,

2024 and 2023, the

aggregate carrying value

of 12 and

12 of the

vessels in our

fleet as of

December 31, 2024

and 2023, respectively,

exceeded their

aggregate charter-free market value

by approximately $22 million

and $49 million,

respectively,

as noted

in the table below. This represents the approximate amount

by which we believe we

would have to reduce

our net income if we sold all

of such vessels at December 31, 2024 and

2023, on industry standard terms,

in cash

transactions, and to

a willing buyer

where we were

not under

any compulsion to

sell, and

where

the buyer was

not under any

compulsion to buy.

For purposes of

this calculation, we

have assumed that

these

12 and

12 vessels

would be

sold at

a price

that reflects

our estimate

of their

charter-free market

values as of December 31, 2024 and 2023, respectively.

83

Vessel

Dwt

Year Built

Carrying Value plus unamortized

deferred cost

(in millions of US dollars)

2024

2023

1

Alcmene

93,193

2010

10.1

9.6

2

Amphitrite

98,697

2012

13.2

14.0

3

Artemis

76,942

2006

-

11.0

4

Astarte

81,513

2013

17.0

18.0

5

Atalandi

77,529

2014

16.0

15.7

6

Crystalia

77,525

2014