Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, has reported a net loss of $23.8 million and net loss attributed to common stockholders of $25.3 million for the second quarter of 2017. This compares to a net loss of $31.3 million and net loss attributed to common stockholders of $32.7 million for the second quarter of 2016.
Time charter revenues were $37.8 million for the second quarter of 2017, compared to $28.3 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 six months ended June 30, 2017 amounted to $50.3 million and $53.2 million, respectively. This compares to a net loss and net loss attributed to common stockholders of $62.7 million and $65.6 million, respectively, for the same period of 2016. Time charter revenues were $69.0 million for the six months ended June 30, 2017, compared to $59.1 million for the same period of 2016...