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Diana Containerships posts profit on expanded fleet.

Diana Containerships Inc reported a second-quarter profit, helped by an increase in the total number of vessels, and the Greece-based company said it signed a time-charter contract.

The company entered into the contract with French family-owned shipper CMA CGM SA for one of its container vessels at a daily rate of $7,500 per day. The vessel - Centaurus - was previously chartered at a gross rate of $20,000 per day.

Diana's April-June net income was $2.24 million, or 10 cents per share, compared with net loss of $646,000, or 6 cents per share a year earlier.

Time charter equivalent revenue - voyage revenue less expenses - more than tripled to $14.9 million.

Shares of the company closed at $6.13 on Tuesday on the Nasdaq.

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Publication:Financial Mirror (Cyprus)
Article Type:Financial report
Date:Aug 2, 2012
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