Diana Shipping (DSX) Posts Smaller-than-Expected Q4 Loss

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Diana Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2016

February 14, 2017 7:15 AM EST

ATHENS, Greece, Feb. 14, 2017 (GLOBE NEWSWIRE) -- 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 $23.3 million and a net loss attributed to common stockholders of $24.7 million for the fourth quarter of 2016. This compares to a net loss of $22.5 million and a net loss attributed to common stockholders of $23.9 million for the fourth quarter of 2015.

Time charter revenues were $28.0 million for the fourth quarter of 2016, compared to $38.3 million for the same quarter of... More