- About us
- IBJ Awards
- Free Sample
- Contact us
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
Russia has now recognised seafarers as keyworkers and begun giving them Covid-19 vaccinations as a priority... Read more
DNV GL, the world’s leading classification society, has joined the Smart Maritime Network, an... Read more
Algoma Central Corporation, is reporting very strong financial results for 2020, a year in which a global... Read more
North P&I Club has reported continuing growth in its diversified business lines and solid progress... Read more
Britannia P&I will officially launch B Korea P&I Correspondent Co., Ltd. (‘B Korea&rsquo... Read more
To embed action on environmental sustainability and biodiversity, Fleet Management (FLEET) has teamed... Read more
K+S Windsor Salt Ltd. (“Windsor Salt”) and Canada Steamship Lines (“CSL”), a... Read more
The global crew change crisis could lead to a shortage of seafarers if exhausted crew choose to leave... Read more
The Isle of Man Ship Registry has become the first flag state to broadcast a mass direct to crew aboard... Read more
Today, NORDEN celebrates its 150th anniversary, being one of the world’s oldest international... Read more