Wednesday, August 3, 2011

Another Container Shipping Company Reports Trading Figures

Losses Reduced at Diana Containerships
Shipping News Feature

GREECE – Marshall Islands registered Diana Containerships, 14.5% of which is owned by Diana Shipping Incorporated, has reported net loss of $0.6 million for the second quarter of 2011 compared to a net loss of $1.7 million for the same period of 2010. Net loss to Diana Containerships Inc., for the six months ended June 30, 2011 amounted to $0.4 million, compared to net loss of $1.9 million for the period from January 7, 2010, its inception date, to June 30, 2010.

The company which runs five container carriers, three obtained this June, ranging between 3426 and 4714 TEU capacities and built between 1989 and 2010, currently has four of the vessels on charter to Maersk with the other to CSAV at rates believed to be ranging from $16,000 to $22,000 a day.

The Company has declared a cash dividend on its common stock of $0.03 per share. The cash dividend will be payable on August 25, 2011 to all shareholders of record as at August 15, 2011. The Company has 23,076,161 shares of common stock outstanding.