Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today reported net loss of $6.2 million and net loss available to common stockholders of $7.7 million for the fourth quarter of 2014, compared to net loss and net loss available to common stockholders of $9.6 million reported in the fourth quarter of 2013, the company said in its press release.
Time charter revenues were $46.1 million for the fourth quarter of 2014, compared to $39.5 million for the same quarter of 2013. This increase was mainly due to the increase in ownership days resulting from the enlargement of our fleet and was partly offset by decreased time charter rates.
Net loss and net loss available to common stockholders for 2014 amounted to $10.3 million and $15.3 million, respectively, compared to net loss and net loss available to common stockholders of $21.2 million for 2013. Time charter revenues were $175.6 million for 2014, compared to $164.0 million for 2013.