Photo: Diana Shipping

Diana Shipping Reports 3Q Loss of $24.5 Mln

By Aiswarya Lakshmi!!!

Greece-based Diana Shipping inc. on Tuesday reported a loss of $24.5 million in its third quarter of of 2017. Its net loss attributed to common stockholders was $25.9 million.

This compares to a net loss of $78.3 million and net loss attributed to common stockholders of $79.8 million for the third quarter of 2016.
The loss is including an $8.4 million impairment loss on the m/v Melite which was sold for scrap in October 2017 after her grounding in July 2017 and the receipt from the insurers of the insured value.
Time charter revenues were $43.9 million for the third quarter of 2017, compared to $27.1 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.
Net loss and net loss attributed to common stockholders for the nine months ended September 30, 2017 amounted to $74.8 million and $79.1 million, respectively. This compares to a net loss and net loss attributed to common stockholders of $141million and $145.3 million, respectively, for the same period of 2016.
Time charter revenues were $113 million for the nine months ended September 30, 2017, compared to $86.2 million for the same period of 2016.
File Image: Maritime and Port Authority of Singapore

Two Persons Missing After Sampan Capsized in Singapore

At about 1930 hours on 10 December 2017, the Maritime and Port Authority of Singapore (MPA) was informed by Johor’s Maritime Rescue Sub Centre that two men had been reported to

Box Ship Breaks from Mooring in Boston

The U.S. Coast Guard said it is investigating how a containership broke free from its mooring in Boston on Wednesday morning.   The Coast Guard, along with Massport Fire

Photo: Indian Navy

Indian Navy Rescues Cyclonic Storm Victims in the Sea

Indian Navy's search and rescue operations continued for the third day over Southeast Arabian Sea and Lakshadweep and Minicoy islands in the aftermath of Very Severe Cyclonic

FSL Santos. Photo: FSL Trust

FSL Trust Sells Vessel for USD 6.2mln to Reduce Debt

Singapore's First Ship Lease (FSL) Trust said that  it has sold containership, FSL Santos for $6.2 million to reduce its debt service requirements for the fourth quarter.

Photo: Jawaharlal Nehru Port Trust (JNPT)

JNPT Records Growth of 5.76% in Container Handling

Jawaharlal Nehru Port Trust (JNPT), handled 3.9 lakh TEUs in the month of November 2017, while recording a growth of 5.76% in container handling for the period Apr-Nov2017 as

M/V Boston. Photo: Diana Shipping Inc.

Diana Shipping Time Charters Capesize Bulker

Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with EGPN Bulk Carrier, Hong Kong, for one of its Capesize dry bulk vessels