Marine Link
Wednesday, December 19, 2018

Diana Shipping Reports Loss for 4Q

Maritime Activity Reports, Inc.

February 22, 2018

Photo: Diana Shipping Inc.

Photo: Diana Shipping Inc.

 Greece-based Diana Shipping inc. (DSX) has reported a loss of $436.9 million in its fourth quarter. The net loss attributed to common stockholders of $438.4 million for the fourth quarter of 2017, including a $422.5 million impairment loss.

Time charter revenues were $48.9 million for the fourth quarter of 2017, compared to $28.0 million for the same quarter of 2016. 
The increase in time charter revenues was due to increased average time charter rates achieved for the Company’s vessels during the quarter and increased revenues resulting from the enlargement of the fleet.
The provider of shipping transportation services posted revenue of $48.9 million in the period. Its adjusted revenue was $45.9 million.
For the year, the company reported that its loss widened to $511.7 million, or $5.41 per share. Revenue was reported as $153.3 million.
Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News