Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 323

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 19
Chunk 323
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 Shipping PTE LTD.

Singapore
*
*
15%
Nippon Yusen Kaisha
11%
*
*
*Less than 10%

The Company

is exposed

to interest

rate fluctuations

associated with

its variable

rate of

borrowings. On
July 6,

2023, the company

entered into an

interest rate swap

with DNB (Note

8) to

manage part of

such
exposure. Additionally, in 2022 and

2023, the Company refinanced part of its variable rate debt with fixed
rate financial liabilities (Note 9).
Fair value of assets and liabilities
The

carrying

values

of

financial

assets

reflected

in

the

accompanying

consolidated

balance

sheet
approximate their respective fair values

due to the short-term nature

of these financial instruments.

Cash
and cash equivalents

and restricted cash

are considered Level 1 items

as they represent

liquid assets with
short-term maturities. The fair value of long-term bank loans with

variable interest rates approximates the
recorded values, generally due to their variable interest rates.
Fair value measurements disclosed
As of December 31, 2024, the Bond having a fixed interest

rate and a carrying value of $
175,000
(Note 8)
had a fair value of $
178,938
determined through the Level 1 input of the fair value hierarchy as defined in
FASB guidance for Fair Value Measurements.

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-36

Other Fair value measurements

December 31,
2023
Quoted Prices
in Active
Markets
(Level 1)
Significant
Other
Observable
Inputs (Level 2)
Significant
Other
Observable
Inputs (Level 3)
Assets
Recurring fair value measurements
Investments in equity securities
$
20,729
$
20,729
$
$
Investments in related party
8,315
8,138
177
Interest rate swap, asset
129
129
Total

recurring fair value measurements
$
29,173
$
28,867
$
129
$
177
Non-recurring fair value measurements
Equity method investments(1)
$
4