Diana reports “strongest quarter ever”
Diana Shipping Inc. an Athens-based company specializing in dry bulk cargoes, today reported profit of $53.2 million for the first quarter of 2008 compared to $21.4 million in the first quarter of 2007.Voyage and time charter revenue was $78.9 million, compared to $38.5 million for the same period of 2007, due to an increase in prevailing time charter rates and the increase in operating days due to the enlargement of the company’s fleet.
'This is certainly our strongest quarter ever and we believe that results for the remainder of the year will be equally strong, based on the fact that we have already secured $241 million to $247 million in revenues for the 95 percent to 97 percent of the operating days remaining for the year 2008,” said Simeon Palios, chairman and chief executive officer of Diana.
