Diana Shipping posts positive results in second quarter

Diana Shipping

Diana Shipping reported net income of $2.0 million and net income attributed to common stockholders of $0.5 million for the second quarter of 2018, compared to a net loss of $23.8 million and a net loss attributed to common stockholders of $25.3 million reported in the second quarter of 2017.

Time charter revenues were $53.4 million for the second quarter of 2018, compared to $37.8 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 and increased ownership days resulting from the enlargement of the fleet.

Net loss and net loss attributed to common stockholders for the six months ended June 30, 2018 amounted to $1.1 million and $4.0 million, respectively. This compares to a net loss and net loss attributed to common stockholders of $50.3 million and $53.2 million, respectively, for the same period of 2017. Time charter revenues were $101.8 million for the six months ended June 30, 2018, compared to $69.0 million for the same period of 2017.

LEAVE A COMMENT

×

Comments are closed.