Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 295

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 295
---
’s significant influence over Bergen.
On

the

date

of

deconsolidation,

the

fair

value

of

the

Company’s

interest

amounted

to

$
4,519
and

was
calculated through

Level 2

inputs of

the fair

value hierarchy

in accordance

with ASC

610, by

taking into

DIANA SHIPPING INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

(Expressed in thousands of U. S. Dollars - except share, per share

data, unless otherwise stated)

F-22

consideration the

fair value

of the

distinct assets

and liabilities

of Bergen

on the

date of

the deconsolidation.
This resulted in a gain on

deconsolidation amounting to $
844, separately presented in the accompanying
consolidated statement

of income,

being the

difference between

the fair

value of

the retained

noncontrolling
interest plus

the carrying

value of

the liabilities assumed

by Bergen

and the

carrying value

of the

assets
derecognized.
As

of

December

31,

2024

and

2023,

the

investment

in

Bergen

amounted

to

$
5,012
and

$
4,700,
respectively,

and

is

included

in

equity

method

investments

in

the

accompanying

consolidated

balance
sheets. In 2024 and 2023, the investment in Bergen

resulted in a gain of $
312
and $
181, respectively and
is included in gain/(loss) from equity

method investments in the accompanying

consolidated statements

of
income. Also, in 2024

and 2023, income from

management fees from Bergen amounted

to $
15
and $
10,
respectively,

included

in

time

charter

revenues

and

income

from

the

commission

paid

on

the

loan
guarantee

amounted

to

$
40
and

$
28,

included

in

interest

and

other

income

in

the

accompanying
consolidated statements

of income. As

of December 31,

2024 and 2023,

there was an

amount of $
246
and
$
443