Performance Shipping Inc. Reports Financial Results for the Fourth Quarter and Year Ended December 31, 2019; Announces Delivery of the Aframax Tanker Vessel, the M/T P. Fos
DIANA CONTAINERSHIPS (DCIX)
Last diana containerships earnings: 7/25 07:30 am
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Source: GlobeNewswire
ATHENS, Greece, Jan. 28, 2020 (GLOBE NEWSWIRE) -- Performance Shipping Inc. (NASDAQ: DCIX), (the “Company”), a global shipping company specializing in the ownership of vessels, today reported a net loss of $12.2 million for the fourth quarter of 2019, compared to a net loss of $0.4 million for the same period of 2018. The loss for the fourth quarter of 2019 includes $13.9 million of impairment charges for one vessel, without which the result for the quarter would have been net income of $1.7 million. The loss for the fourth quarter of 2018 includes $0.3 million of impairment charges for one vessel, without which the result for the quarter would have been a net loss of $0.1 million. Voyage and time charter revenues were $10.6 million for the fourth quarter of 2019, compared to $6.1 million for the same period of 2018. This increase is mainly attributable to the revenues contributed by the tanker vessels “Blue Moon” and “Briolette”, acquired in August and November 2019, respectively,
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