Diana Containerships Inc. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2017
DIANA CONTAINERSHIPS (DCIX)
Last diana containerships earnings: 7/25 07:30 am
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dcontainerships.com/investors
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Source: GlobeNewswire
ATHENS, Greece, Nov. 17, 2017 (GLOBE NEWSWIRE) -- Diana Containerships Inc. (NASDAQ:DCIX), (the “Company”), a global shipping company specializing in the ownership of containerships, today reported a net loss of $8.7 million for the third quarter of 2017, compared to a net loss of $126.8 million for the same period of 2016. The loss for the third quarter of 2016 reflected the result of impairment charges for seven of the Company’s vessels. Time charter revenues, net of prepaid charter revenue amortization, were $6.7 million for the third quarter of 2017, compared to $8.0 million for the same period of 2016, mainly due to the sale of the vessels Angeles in November 2016 and Doukato in June 2017. This decrease was counterbalanced by the increase of revenues generated by the improvement of the Company’s fleet utilization and the decrease of off-hire days in the third quarter of 2017 compared to the same period of 2016. Net income for the nine months ended September 30, 2017 amounted
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