Diana reports Q1 results
(Posted on 14/05/19)
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has reported net income of $3.0 million and net income attributed to common stockholders of $1.5 million for the first quarter of 2019, including a $4.8 million impairment loss. This compares to a net loss of $3.1 million and net loss attributed to common stockholders of $4.5 million reported in the first quarter of 2018.
Time charter revenues were $60.3 million for the first quarter of 2019, compared to $48.4 million for the same period of 2018. The increase in time charter revenues was due to increased average time charter rates that the Company achieved for its vessels during the quarter and was partly offset by decreased revenues due to the sale of two vessels in December 2018...
As of May 9, 2019 Diana’s fleet consists of 45 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 17 Panamax), as well as one Panamax dry bulk vessel, the ''Erato'', that has been sold and expected to be delivered to her new owners at the latest by 10 June, 2019.
As of the same date, the combined carrying capacity of the fleet, including the m/v Erato, is approximately 5.5 million dwt with a weighted average age of 9.25 years.
Diana’s vessels are employed primarily on medium to long-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes
Latest News
DNV and RSI complete study on decarbonising short sea dry bulk fleet
(Posted on 07/08/25)Amid increasing pressure on shipping to achieve the IMO 2050 decarbonization targets, the Responsible... Read more
London P&I Club warns industry over incorrect FIBC loading
(Posted on 04/08/25)The London P&I Club has renewed calls on ship owners, operators and charterers to address potential... Read more
Columbia Group calls for overhaul of maritime training
(Posted on 04/08/25)Columbia Group is calling for urgent reforms in maritime education to address a growing shortage of... Read more
MIS launches as new global media platform
(Posted on 30/07/25)Maritime Information Services (MIS) has officially launched as a global media platform delivering daily... Read more
Russian and Ukrainian seafarers continue struggle with psychiatric fallout of war
(Posted on 30/07/25)Russian and Ukrainian seafarers continue to experience significant psychological strain following the... Read more
Noatum expands global footprint with inauguration of Shanghai office
(Posted on 30/07/25)Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster, announced the official... Read more
Smart Ship Hub emission reporting first through Asiatic Lloyd partnership
(Posted on 21/07/25)Leading vessel optimisation platform Smart Ship Hub has announced its partnership with AL Group &ndash... Read more
KR Representative LEE Jungkun Elected Chair of IACS Safety Panel
(Posted on 21/07/25)KR (Korean Register) has announced that LEE Jungkun, General Manager of KR’s Convention &... Read more
INTERCARGO-member fleets outperform on safety and compliance
(Posted on 17/07/25)Dry bulk carriers entered with the International Association of Dry Cargo Shipowners (INTERCARGO) continue... Read more
NEMO strengthens global role with official status from IMO and IAEA
(Posted on 15/07/25)The Nuclear Energy Maritime Organization (NEMO) is proud to announce that it has officially been granted... Read more
