Weak TC rates drag Diana into the red

Lower time charter rates had a significant impact on Greek dry bulk carrier Diana Shipping in 2013, as the company suffered a USD 21 million deficit, compared to a USD 54.5 million profit in 2012.

Photo: Stena Bulk

Greek dry bulk carrier Diana Shipping was hit hard by the low time charter rates in the dry bulk segment last year, according to the company's annual report 2013.

The carrier made USD 164 million in TC profits for 2013 as a whole, compared to USD 220 million the year before, which pulled the company's bottom line into the red with a USD 21 million deficit.

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