SeaNews Turkey
Home FAQ RSS Links Site Map Contact Monday, 28.Jul.2014, 14:21 (GMT)
All News
INTERVIEW
TURKISH STRAITS
SEANEWS MAGAZINE
COLUMNISTS
WORLD SHIPPING
PORTS
SHIPPING NEWS
   » ENERGY
   » CONTAINER
   » CRUISE NEWS
   » SAFETY&SECURITY
   » Environmental
   » Towage & Salvage
   » NAVY NEWS
   » Fishing
   » TANKERS
   » DRY BULK
SHIPBUILDING
ACCIDENTS
PILOTAGE&TOWAGE
MARKETS
LOGISTICS
SHIP RECYCLING
IMO&EU NEWS
PIRACY
TURKISH PRESS REVIEW
SEA SPORTS
NEWS FROM TURKEY
INSIGHT/OPINION
SHIPBROKER REPORTS
OFFSHORE
GUEST COLUMNIST
MARITIME RSS
Poll
Will freight markets ever return pre-crisis levels?
Yes, in 2014
Yes, in 2015
Yes, after 2015
No, never!
Who knows?
Get Adobe Flash player


 
SHIPPING NEWS » CONTAINER

Diana Containerships back in black with US$3.6 million 2011 net profit
Diana Containerships back in black with US$3.6 million 2011 net profit


DIANA Containerships, a Marshall Islands registered corporation founded in 2010 to own and operate box ships, has posted a net profit US$3.6 million for 2011 drawn on revenues of $9.8 million, after suffering a $2 million net loss in 2010.Sunday, 26.Feb.2012, 22:49 (GMT)

DIANA Containerships, a Marshall Islands registered corporation founded in 2010 to own and operate box ships, has posted a net profit US$3.6 million for 2011 drawn on revenues of $9.8 million, after suffering a $2 million net loss in 2010.

"The growth in time charter revenues during the fourth quarter was accompanied by an increase in operating expenses, mainly due to the extensive maintenance costs brought forward for the newly acquired Maersk vessels," said Diana Containerships chairman and CEO Simeon Palio.

The Athens-based company, whose parent Diana Shipping, has long provided dry bulk services, attributed the gain to an increase in fleet size, following delivery of the 4,714-TEU Maersk Merlion, 4,281-TEU Maersk Malacca and 4,206-TEU Maersk Madrid last June, as well as the increase in average time charter revenues generating $27 million overall compared to $5.7 million in same period in 2010.

During the fourth quarter the company earned US$1.3 million for the fourth quarter from revenues of $9.8 million, up from a loss in same period 2010.


Read: 2748 Times- Diana Containerships back in black with US$3.6 million 2011 net profit , -


Rating (Votes: 1)
Add your comment(Existing: 0)  Tell friend  Print

COMMENTS ( 0 Existing)

Related Articles:







Events
July 2014
Su Mo Tu We Th Fr Sa
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    
 

COLUMNISTS
MOST READ TODAY
Sanmar Delivered Escort Tug M/T Bison- 436
HPH Trust first half profit up 16pc to US$119.6 million, revenues up 2pc- 299
Turkey's EGEPORT took delivery of Ramparts 2400SX design tug “M/T Palaemon”- 249
M/V MAGNUM had engine breakdown in Istanbul Strait- 242
Reliability deteriorates as box carriers cut costs, keep rates low- 160
Bolder and more numerous pirate attacks haunt South China Seas- 145
Bulk Grain Carrier Federal Rideau Aground in Lake St. Claire- 138
Hamburg Sud ups rate US$150/box from US to Mideast, India/Pakistan- 121
Tanker Carrying Northern Iraqi Oil Arrives on Houston anchorage- 114
OOCL quarterly revenue rises 6.8pc, but per box rate falls 4pc- 111

E-MAGAZINE
SeaNews June
October Issue
SeaNews June
September Issue
SeaNews June
July/August Issue
SeaNews June
June Issue
SeaNews June
May Issue

News in Pictures


Model Alexandra Fotopoulou holding the 9th issue of seanews magazine at the Posidonia Shipping Fair


Hot News
Seatrade orders two new reefer 'containerships' for new trades
CIMC expects first-half net profits to soar 50pc from non-core gains
IMDO: Northern European Container Volumes About to Climb
Over 1,600 shipping containers lost at sea every year, says WSC
WISTA women in shipping discuss problems of container weigh-ins

 
Archive Search