Diana Shipping Inc reports financial results for Q1 2014

Markets, News, Stock Markets — By on May 14, 2014 at 2:05 PM

sideris GS FUNNELDIANA SHIPPING INC. REPORTS FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31, 2014

ATHENS, GREECE, May 14, 2014 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $6.0 million and net loss available to common stockholders of $6.8 million for the first quarter of 2014, compared to a net loss and net loss available to common stockholders of $3.2 million reported in the first quarter of 2013.

Time charter revenues were $41.1 million for the first quarter of 2014, compared to $42.6 million for the same period of 2013, mainly due to reduced time charter rates. The decrease in time charter revenues was partly offset by revenues derived from the increase in ownership days resulting from the enlargement of our fleet.

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