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
Record numbers from Indian subcontinent for Sailors’ Society conference
(Posted on 22/09/25)More than 4000 cadets, trainees and ratings from the Indian subcontinent took part in the first of Sailors... Read more
The Swedish Club expands management team
(Posted on 22/09/25)The Swedish Club have announced that it is strengthening its management team to match the pace of its... Read more
Shipowners face Port State Control crackdown on BWTS compliance
(Posted on 22/09/25)BIO-UV Group is advising shipowners to ready themselves for extensive Port State Control inspections... Read more
CORE POWER welcomes agreement to accelerate investment in maritime decarbonisation
(Posted on 16/09/25)The U.S. and the UK have announced a bilateral collaboration to accelerate reactor licensing from three... Read more
Cobelfret accelerates digital transformation with integrated maritime platform
(Posted on 14/09/25)Cobelfret, a leading global dry bulk shipowner and operator based in Singapore, has partnered with Smart... Read more
Support grows for India’s new maritime CCTV rules
(Posted on 14/09/25)Zelim is calling on international regulators and flag states to follow India’s lead on enhancing... Read more
Ionic extends Orca AI to bulker fleet to boost safety
(Posted on 09/09/25)Athens-based Ionic controls a fleet of eight crude tankers and 11 bulkers under its respective wet and... Read more
Columbia and Pan Marine launch Egyptian JV
(Posted on 09/09/25)Columbia Group, a global leader in integrated maritime services, has announced the establishment of... Read more
Indonesian ship operator selects Veson as partner for digitalisation Journey
(Posted on 01/09/25)Veson Nautical, a global leader in maritime data and freight management solutions, and Andhika Lines... Read more
VIKAND : Digitalisation presents emerging psychological pressures for seafarers
(Posted on 01/09/25)As the digital transformation accelerates across the maritime industry, global maritime healthcare leader... Read more
