Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 23

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 3
Chunk 23
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vessels damaged

due to

treatment during

unloading procedures

may be

more susceptible

to a

breach at sea. Hull breaches in

dry bulk vessels may lead to the

flooding of their holds. If flooding occurs

in the forward holds, the bulk

cargo may become so waterlogged that

the vessel's bulkheads may buckle

under the resulting

pressure leading

to the loss of

the dry bulk vessel.

These risks may

also impact the

risk

of loss of life or harm to our crew.

If

we

are

unable to

adequately maintain

or

safeguard

our

vessels,

we may

be

unable

to

prevent these

events. Any of these circumstances or events could negatively impact our business, financial condition or

results of operations.

If our

vessels call

on ports

located in

countries or

territories that

are the

subject of

sanctions or

embargoes imposed by the U. S. government,

the United Kingdom, the European

Union, the United

Nations, or other

governmental authorities, or engage

in other such

transactions or dealings that

would be

violative of

applicable sanctions

laws, it

could lead

to monetary

fines or

penalties and

may adversely affect our reputation and the market for our securities.

Our

contracts

with

our

charterers

prohibit

them

from

causing

our

vessels

to

call

on

ports

located

in

sanctioned countries or

territories or carrying

cargo for entities or

from countries and territories

that are the

subject of

sanctions. Although our

charterers may,

in certain cases,

control the operation

of our vessels,

we have monitoring processes in place to ensure our compliance with applicable

economic sanctions and

embargo

laws. Nevertheless,

it

remains possible

that

our

charterers may

cause

our

vessels to

trade

in

violation of

sanctions

provisions without

our

consent. If

such

activities result

in

a

violation of

applicable

sanctions or embargo laws, we

could be subject to monetary

fines, penalties, or other sanctions, and our

reputation and the market for our common shares could be adversely

affected.

The applicable