Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 146

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 5
Chunk 146
---
 a loss

of

$0.4 million

in 2023.

Gain/(loss) on

derivative instruments

represents the

fair value

of an

interest rate

swap

dated July

6, 2023

we entered into

with DNB for

a notional

amount of

$30 million under

which we pay

a

fixed rate of 4.268% and receive floating under term SOFR.

Gain/(loss) on

related party

Investments.

Loss on

related party

investments amounted

to $3.9

million in

2024 and

resulted from

the measurement

of OceanPal’s

common shares

at fair

value on

December 31,

2024, based

on the

closing price

of the

shares on

that date. This

compares to

a gain

of $1.5

million in

2023,

which

consists

of

a

gain

of

$1.7

million

from

the

conversion

of

9,793

of

the

10,000

Series

C

Preferred

shares of OceanPal to 3,649,474 common

shares of OceanPal, having a fair

value of $9.2 million, based

76

on the

closing price

of OceanPal’s

common shares

on the

date of

conversion; a

gain of

$0.8 million

resulting

from the distribution of 13,157 Series D Preferred Shares of OceanPal to our shareholders as a non cash

dividend; and an

unrealized loss of

$1.0 million, resulting from

the measurement of OceanPal’s

common

shares at fair value on December 31, 2023, based on the closing price

of the shares on that date.

Gain on deconsolidation of

subsidiary.

Gain on deconsolidation of

subsidiary amounted to

$0.8 million in

2023 and

represented the gain

from the

Company’s 25%

interest in Bergen

Ultra measured at

fair value

on the date of its deconsolidation from the Company’s financial statements. No

such gain exists in 2024.

Gain/(loss) on equity securities.

Loss on equity securities amounted to $0.4

million in 2024, as compared

to a

gain of

$2.