Diana Shipping Inc., report financial results for Q2 and six months ended June 2014

Markets, News, Reports, Stock Markets — By on July 29, 2014 at 2:36 PM

sideris GS FUNNELATHENS, GREECE, July 29, 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 $5.7 million and net loss available to common stockholders of $7.2 million for the second quarter of 2014, compared to a net loss and net loss available to common stockholders of $5.2 million reported in the second quarter of 2013.

Time charter revenues were $43.2 million for the second quarter of 2014, compared to $40.0 million for the same quarter of 2013. This increase was mainly due to the increase in ownership days resulting from the enlargement of our fleet and was partly offset by decreased time charter rates.

Net loss and net loss available to common stockholders for the six months ended June 30, 2014 amounted to $11.8 million and $14.0 million, respectively, compared to a net loss and net loss available to common stock holders of $8.4 million for the same period of 2013. Time charter revenues were $84.3 million for the six months ended June 30, 2014, compared to $82.6 million for the same period of 2013.

Viewers can log on here for the full report: DSX Earnings release 300614

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