EX-12.1 11 exhibit121.htm EX-12.1
Exhibit 12.1
CERTIFICATION OF
THE PRINCIPAL
EXECUTIVE OFFICER
I, Semiramis Paliou, certify that:
1.
I have reviewed this annual report on Form 20-F of Diana Shipping Inc. for the year ended December
31, 2024;
2.
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit
to state a material fact necessary to make the statements made,
in light of the circumstances under
which such statements were made, not misleading with respect
to the period covered by this report;
3.
Based on my knowledge, the financial statements, and other financial information included in this
report, fairly present in all material respects the financial
condition, results of operations and cash
flows of the company as of, and for,
the periods presented in this report;
4.
The company’s other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Exchange
Act Rules 13a-15(e) and 15d-15(e)) and
internal control over financial reporting (as defined in Exch
ange Act Rules 13a-15(f) and 15d-15(f)) for
the company and have:
(a)
Designed such disclosure controls and procedures, or caused such disclosure controls and
procedures to be designed under our supervision, to ensure
that material information relating to the
company, including
its consolidated subsidiaries, is made known to us by
others within those entities,
particularly during the period in which this report is being prepared;
(b)
Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide
reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements
for external purposes in
accordance with generally accepted accounting principles;
(c)
Evaluated the effectiveness of the company’s disclosure controls and procedures and presented in
this report our conclusions about the effectiveness
of the disclosure controls and procedures, as of
the end of the period covered by this report based on such
evaluation; and
(d)
Disclosed in this report any change in the company’s internal control over financial reporting that
occurred during the period covered by the annual report
that has materially affected, or is reasonably
likely to materially affect, the company’s
internal control over financial reporting; and
5.
The company’s other certifying officer(s) and I have disclosed, based on our most recent evaluation
of internal control over financial reporting, to the company’s
auditors and the audit committee of the
company’s board of directors (or persons performing
the equivalent functions):
(a)
All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely
affect the company’s ability to record,
process, summarize and report financial information; and
(b)
Any fraud, whether or not material, that involves management or other employees who have a
significant role in the company’s internal control
over financial reporting.
Date: March 21, 2025
/s/ Semiramis Paliou
Semiramis Paliou
Chief Executive Officer (Principal Executive Officer)