Athens, Greece - May 22, 2017
Diana Containerships Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported a net loss of $7.4 million for the first quarter of 2017, compared to a net loss of $5.8 million for the respective period of 2016.
Time charter revenues, net of prepaid charter revenue amortization, were $3.8 million for the first quarter of 2017, compared to $11.8 million for the same period of 2016, mainly due to reduced employment opportunities and time charter rates.
About the Company
Diana Containerships Inc. is a global provider of shipping transportation services through its ownership of containerships. The Company’s vessels are employed primarily on time charters with leading liner companies carrying containerized cargo along worldwide shipping routes.
Diana Containerships Inc. press release