Higher earnings for Diana Shipping
(Posted on 27/11/18)
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has reported net income of $14.8 million and net income attributed to common stockholders of $13.3 million for the third quarter of 2018, compared to a net loss of $24.5 million and a net loss attributed to common stockholders of $25.9 million reported in the third quarter of 2017.
Time charter revenues were $61.5 million for the third quarter of 2018, compared to $43.9 million for the same period of 2017. The increase in time charter revenues was due to increased average time charter rates that the Company achieved for its vessels during the quarter.
Net income and net income attributed to common stockholders for the nine months ended September 30, 2018 amounted to $13.7 million and $9.3 million, respectively. This compares to a net loss and net loss attributed to common stockholders of $74.8 million and $79.1 million, respectively, for the same period of 2017. Time charter revenues were $163.3 million for the nine months ended September 30, 2018, compared to $113.0 million for the same period of 2017.
AXSMarine, a pioneer and market leader in the provision of advanced solutions for shipping professionals... Read more
The Baltic Exchange has launched a new assessment to track the cost of operating vessels. Initially... Read more
The West of England, a leading mutual marine insurer, has celebrated the 50th Anniversary of its Greek... Read more
Fleet Management Ltd, one of the world's largest independent third-party ship management companies,... Read more
Rotterdam based ship management company Misuga Kaiun Holland B.V. has chosen Marlink to provision cost... Read more
Clipper Bulk, in close collaboration with a financial partner, has acquired three Handysize dry cargo... Read more
A vision of the Ship Manager of the Future and the way ship management companies will interact with... Read more
Arun Sharma, Executive Chairman of the Indian Register of Shipping (IRClass), has been formally introduced... Read more
Leading Classification Society ClassNK has established a cross-sectional cyber security project team... Read more
Fednav Limited has taken delivery of the Federal Montreal, its newest Great Lakes-suitable handysize... Read more