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Diana Shipping has lost more than USD 100 million in 2020

Dry bulk shipping company Diana Shipping grew its deficit in the third quarter, and the company has thus lost more than USD 100 million in 2020. Management now plans to focus on refinancing debt and is open to selling more vessels.

Photo: Colourbox

Shipowner Diana Shipping, which is listed on the New York Stock Exchange and owns a fleet of dry bulkers, lost USD 14.6 million in the third quarter.

With the latest deficit, Diana Shipping has now lost USD 131.1 million in 2020, reveals the shipping company's interim report for the third quarter.

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