Diana Containerships Continues Profitable in Latest Financial Report

Press Release
Monday, November 19, 2012

Diana Containerships Inc. container ship owners & operators report financial results in Q3 & first nine months trading in 2012.

Extracts from the report follow:

The company reported net income of $1.6 million for the third quarter of 2012, compared to net income of $2.7 million for the same period of 2011.

Time charter revenues were $14.6 million for the third quarter of 2012, compared to $9.7 million for the same period of 2011, mainly due to the increase in the number of vessels in the fleet following the delivery in February and March 2012 of the Cap San Marco (renamed Cap Domingo), Cap San Raphael (renamed Cap Doukato), APL Sardonyx and APL Spinel.

Net income to Diana Containerships Inc. for the nine months ended September 30, 2012 amounted to $5.7 million, compared to net income of $2.3 million for the same period of 2011. Time charter revenues were $42.0 million for the nine months ended September 30, 2012, compared to $17.2 million for the same period in 2011.

Chairman and Chief Executive Officer’s Comments “Our performance during this quarter reflects our successful efforts to build a solid business, with the capacity to pursue opportunities in the containership sector and to deliver strong financial performance relative to the current market environment and long-term shareholder value. Through our efforts to grow our fleet, including the newly-delivered m/v APL Garnet, we now have a fleet of 10 vessels – a significant increase over the two vessels we owned at the end of 2010. The growth of our fleet contributed to a dramatic rise in revenues and solid earnings for the third quarter of 2012.

 

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Wärtsilä Reports Healthy Ship Power Sector in Q1 2014

In its interim financial report January to March 2014 Wärtsilä notes healthy development in ship power and services offsetting challenges in power generation markets.

No Lift for Konecranes as Q1 2014 Profit Slips

Finnish crane maker Konecranes on Thursday reported a 32-percent fall in its core quarterly operating profit amid slow demand and tight competition. January-March 2014 operating profit,

GulfMark Offshore Records Highest Ever Q1 Revenue

Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever,

Finance

Wärtsilä Reports Healthy Ship Power Sector in Q1 2014

In its interim financial report January to March 2014 Wärtsilä notes healthy development in ship power and services offsetting challenges in power generation markets.

No Lift for Konecranes as Q1 2014 Profit Slips

Finnish crane maker Konecranes on Thursday reported a 32-percent fall in its core quarterly operating profit amid slow demand and tight competition. January-March 2014 operating profit,

GulfMark Offshore Records Highest Ever Q1 Revenue

Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever,

Container Ships

UASC Introduces New Asia - Europe Network

UASC has introduced its new Asia – Europe Network with three new services (AEC1, AEC3, AEC4), and two enhanced services (AEC8, AEC9). These services will broaden

Global Shipping Exposed to Cyber Threats

The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. In this internet age,

Shippers Vapores, Hapag-Lloyd Merger

A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their support to the firm's merger with Germany's Hapag-Lloyd,

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1215 sec (8 req/sec)