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Diana Shipping Q1 net loss $31.4 million

Staff writer |
Diana Shipping reported financial results for the first quarter ended March 31, 2016. Net loss was $31.4 million and net loss attributed to common stockholders of $32.8 million for the first quarter of 2016.




This compares to a net loss of $10.8 million and net loss attributed to common stockholders of $12.2 million reported in the first quarter of 2015.

Time charter revenues were $30.8 million for the first quarter of 2016, compared to $42.0 million for the same period of 2015.

The decrease in time charter revenues was due to decreased average time charter rates that we achieved for our vessels during the quarter and was partly offset by revenues due to the increase in ownership days resulting from the enlargement of our fleet.


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