Dry bulk vessel owner Diana Shipping has reported a net loss f 164.2 mill. $ for 2016. A year ago net loss amounted to 64.7 mill. $.
Net loss attributed to common stockholders was 170.0 mill. $. 56.5 mill. $ relate to loss and impairment of the company‘s investment in Diana Containerships Inc. This compares to a net loss and a net loss attributed to common stockholders of 64.7 mill. $ and 70.5 mill. $, respectively, for the year ended December 31, 2015.
Time charter revenues were 114.3 mill. $ for the year ended December 31, 2016, compared to 157.7 mill. $ for the year ended December 31, 2015.
For the fourth quarter of 2016 the company reported a net loss of 23.3 mill. $ and a net loss attributed to common stockholders of 24.7 mill. $ for the fourth quarter of 2016. This compares to a net loss of 22.5 mill. $ and a net loss attributed to common stockholders of 23.9 mill. $ for the fourth quarter of 2015.
Time charter revenues were 28.0 mill. $ for the fourth quarter of 2016, compared to 38.3 mill. $ for the same quarter 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 derived from the increase in ownership days resulting from the enlargement of Diana Shipping’s fleet.
