Diana Containerships slumps as Q3 revenue falls

Performance Shipping

23/11/2018 16:12

** Shares in Diana Containerships Inc  DCIX.O  drop 15 pct
to $1.13 after the co reports lower Q3 revenue
    ** Says time charter revenue fell 22 pct to $5.2 mln,
primarily due to the shrinkage of its fleet  urn:newsml:reuters.com:*:nGNX4QhGyC
    ** Q3 net loss narrowed to $6.3 mln from $8.7 mln in the
year-ago quarter; latest reported quarter included a $4.8 mln
impairment charge for one vessel
    ** Adding to weakness, Chinese iron ore futures  DCIOcv1 
slumped 4.6 pct amid concerns that less rigid production curbs
this winter will lead to surplus supplies  IRONORE/ 
    ** Shares of Top Ships Inc  TOPS.O , EuroSeas Ltd  ESEA.O ,
DryShips Inc  DRYS.O  and Globus Maritime Ltd  GLBS.O  fall
between 2.7 pct and 5.2 pct
    ** DCIX shares down about 72 pct this year 

 (Reporting by Sruthi Shankar in Bengaluru)
 ((RM: sruthi.shankar.reuters.com@reuters.net))