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Diana Shipping announces Q1 net income reports

Logistic News - Published on Tue, 14 May 2019

Image Source: Diana Shipping Inc
Diana Shipping Inc, a global shipping company specializing in the ownership of dry bulk vessels, reported net income of USD 3.0 million and net income attributed to common stockholders of USD 1.5 million for the Q1 of 2019, including a USD 4.8 million impairment loss. This compares to a net loss of USD 3.1 million and net loss attributed to common stockholders of USD 4.5 million reported in the Q1 of 2018.

Time charter revenues were USD 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.

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Posted By : Rabi Wangkhem on Tue, 14 May 2019
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