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.
Mitsui O.S.K. Lines, Ltd. has announced its intention to install a navigation system using augmented... Read more
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has... Read more
Marlins, V.Group’s world-leading brand of maritime English language testing, recruitment and e... Read more
Wallem has updated its corporate identity to mark the beginning of a profound shift in its service offering... Read more
Songa Bulk ASA and Axxis Geo Solutions AS have entered into a joint merger plan, pursuant to which Songa... Read more
Leading Classification Society ClassNK has released its Cyber Security Management System for Ships.As... Read more
The International Maritime Organization (IMO) has agreed to address maritime corruption by including... Read more
Hydrex has developed a flexible mobdock repair method that enables the underwater replacement of all... Read more
The Leading Maritime Capitals report for 2019 is has been published, with fresh insight on which maritime... Read more
Indian Register of Shipping (IRClass), continues to grow steadily in the Asia Pacific region –... Read more