Diana Shipping Inc. Reports Financial Results for Q2 and Six Months ended June 30, 2015

Company Profiles, Markets, News, Reports, Statistics, Stock Markets — By on July 31, 2015 at 2:01 PM

sideris GS FUNNELATHENS, GREECE, July 31, 2015 – 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 $14.1 million and net loss attributed to common stockholders of $15.5 million for the second quarter of 2015, compared to net loss of $5.7 million and net loss attributed to common stockholders of $7.2 million reported in the second quarter of 2014.

Time charter revenues were $38.6 million for the second quarter of 2015, compared to $43.2 million for the same quarter of 2014. The decrease in time charter revenues was mainly due to decreased time charter rates in the quarter and was partly offset by revenues derived from the increase in ownership days resulting from the enlargement of our fleet.

Net loss and net loss attributed to common stockholders for the six months ended June 30, 2015 amounted to $24.8 million and $27.7 million, respectively, compared to net loss and net loss attributed to common stock holders of $11.8 million and $14.0 million, respectively, for the same period of 2014. Time charter revenues were $80.6 million for the six months ended June 30, 2015, compared to $84.3 million for the same period of 2014.

Viewers can read the full Press Release herebelow:

DSX Earnings Release 300615

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