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

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

our customers

and may,

in

certain

cases,

render

the

shipment

of

certain

types

of

cargo

uneconomical

or

impractical.

Any

such

changes or developments may

have a material adverse

effect on our business, results

of operations, cash

flows, financial condition and available cash.

Operational risks and damage to our vessels could adversely impact

our performance.

The operation of an ocean-going vessel carries inherent

risks. Our vessels and their cargoes are

at risk of

being damaged or

lost because of

events such as

marine disasters, environmental

accidents, bad

weather

and natural disasters

or other disasters

outside our control

and other acts

of God, business

interruptions

caused

by

mechanical

failures,

grounding,

fire,

explosions

and

collisions,

human

error,

war,

terrorism,

piracy, robbery,

labor strikes, boycotts and other

circumstances or events.

Changing economic, regulatory

and political conditions

in some countries, including

political and military conflicts,

have from time to

time

resulted in attacks on vessels, mining of waterways, piracy, terrorism, labor strikes and boycotts. Damage

to the environment could also result from our operations, particularly through spillage of fuel, lubricants or

other chemicals

and substances used

in operations, or

extensive uncontrolled fires.

These hazards may

result in death or

injury to persons, loss of

revenues or property,

the payment of ransoms, environmental

damage, higher

insurance rates,

damage to

our customer relationships

and market

disruptions, delay or

rerouting, any of which may

reduce our revenue or increase

our expenses and also

subject us to litigation.

As a

result, we

could be

exposed to

substantial liabilities not

recoverable under our

insurances. Further,

the

involvement

of

our

vessels

in

a

serious

accident

or

the

loss

of

any

of

our

vessels

could

harm

our

reputation as a

safe and

reliable vessel

operator and

lead to a

loss of

business. Epidemics

and other

public

health incidents may also lead to crew member

illness, which can