Diana Shipping sailed back to black for the first quarter, thanks to higher freight rates.
The New York-listed owner posted a $1.5m profit attributable to common shareholders versus a $4.5m attributable loss a year earlier.
That translated into $0.02 earnings per share, missing analysts' estimates by $0.02.
Excluding a $4.8m impairment loss, net profit totaled $3m compared to a $4.5m
