Diana stays red

Diana Shipping has slipped to a fractionally deeper than expected loss in the second quarter.

The Simeon Palios-led bulker owner recorded a reversal attributable to shareholders of $7.2m in the period, beyond the $5.2m lost of a year ago.

Its loss per share of $0.09 was a single penny beyond what analysts had expected.

For the first six months of 2014 Diana has booked a loss attributable to shareholders of $14.0m against the $8.4m red number a year ago.

Diana, an active buyer of larger bulkers, had a cash pile of $309.11m at the end of the second quarter.

  • Cargill in Diana deal

    Diana Shipping has secured period employment for one of its panamaxes at more than double the present spot market level.
  • DCIX has $300m to spend

    Diana Containerships is sitting on firepower that is more than three-fold larger than its market capitalisation prior to a private placement.
  • DCIX nets $92m

    Diana Containerships has collected $92m from a private placement which has seen Diana Shipping and chief executive Simeon Palios inject cash into the company.