Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 125

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 125
---
 be integral to achieve the overall ambition. These regulations could cause us to

incur additional

substantial expenses.

At MEPC

77, the

Member States

agreed to

initiate the

revision of

the Initial

IMO Strategy

on Reduction

of GHG

emissions from

ships, recognizing

the need

to strengthen

the ambition

during the

revision process.

In July

2023, MEPC

80 adopted

a revised

strategy, which includes

an enhanced

common ambition to

reach net-zero

greenhouse gas emissions

from international shipping

around or close to 2050, a

commitment to ensure an uptake of

alternative zero and near-zero greenhouse

gas fuels

by 2030,

as well

as i).

reducing the

total annual

greenhouse gas

emissions from

international

shipping by at

least 20%, striving for

30%, by 2030,

compared to 2008;

and ii). reducing

the total annual

greenhouse gas

emissions from

international shipping

by at

least 70%,

striving for

80%, by

2040, compared

to 2008.

In March

2024, MEPC 81

further developed the

goal based marine

fuel standard regulating

the

phased reduction of marine fuel’s GHG intensity as part of its mid-term measures. In Fall 2024, MEPC 82

made further progress

on the development

of these mid-term

measures, and the

Committee is expected

to approve amendments at MEPC 83 (Spring 2025) for adoption in

October 2025.

The EU made

a unilateral

commitment to

reduce overall

greenhouse gas

emissions from

its member

states

from 20% of 1990 levels

by 2020. The EU also committed

to reduce its emissions

by 20% under the

Kyoto

66

Protocol’s

second

period

from

2013

to

2020.

Starting

in

January

2018,

large

ships

over

5,000

gross

tonnage calling at EU ports

are required to collect

and publish data on

carbon dioxide emissions and

other

information.

Under

the

European

Climate

Law,

the

EU

committed

to

reduce

its

net

greenhouse

gas

emissions by at