Diana Containerships on Tuesday reported net income of $2.7 million for the third quarter of 2011, compared to a net loss of $0.1 million for the same 2010 period.
Time charter revenues were $9.7 million for the third quarter of 2011, compared to $2.4 million for the same period of 2010, mainly due to the increase in the number of vessels in the fleet.
The company said it now is operating five ships.
“The Company has a substantial pool of capital remaining from the June 2011 public offering to further expand the fleet. We continue to seek to identify suitable vessel acquisition opportunities that fit our fleet profile and that we believe will increase our potential to deliver shareholder value,” said Simeon Palios, chairman and chief executive officer.
Diana reports $2.7 million 3Q profit
