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Diana Shipping Q4 net loss $22.5 million

Staff writer |
Diana Shipping reported a net loss of $22.5 million and net loss attributed to common stockholders of $23.9 million for the fourth quarter of 2015.




This compares to a net loss and net loss attributed to common stockholders of $6.2 million and $7.7 million, respectively reported in the fourth quarter of 2014.

Time charter revenues were $38.3 million for the fourth quarter of 2015, compared to $46.1 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 2015 amounted to $64.7 million and $70.5 million, respectively, compared to net loss and net loss attributed to common stockholders of $10.3 million and $15.3 million, respectively, for 2014.

Time charter revenues were $157.7 million for 2015, compared to $175.6 million for 2014.


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