Diana Shipping's deficit grows big-time in Q1

The Greek-based carrier booked a USD 32.2 million deficit in the first three months of the year, a significant setback compared to the same period last year.

Photo: Ritzau Scanpix/AP/Dimitri Messinis

BY OLE ANDERSEN

Diana Shipping, listed in New York and often cited as one of the more robust carriers in the current dry bulk downturn, suffered a USD 32.2 million net deficit in the first quarter 2016 against a net loss of USD 12.2 million in the same period last year.

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