Diana Shipping QRT .MISS Pressures Shipping Sector

We are watching the sector and waiting for a solid turn – in terms of

1) Shipping rates – which have retreated from BDI over 2000 to half that recently

2) A solid world economic recovery – especially dry cargo – iron ore to China

3) Increased scrapping of old ships and less new orders-to bring a better balance to fleet size.

These factors are not yet all moving together and it is better to deploy capital in other areas .Our great interest is the fact that when the turn occurs t will be years of recovery – for those companies that are around to see it.

Note that Dryships reports after the market closes Tuesday

ATHENS, Greece, Feb. 18, 2014 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE:DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported a net loss of $9.6 million for the fourth quarter of 2013, compared to net income of $5.0 million reported for the fourth quarter of 2012.

DIANA SHIPPING INC(DSX:NYSE, US)

BuySell
12.66USDDecrease0.03(-0.24%)Volume:
Above Average
As of 18 Feb 2014 at 12:33 PM EST.

 

    • QUOTE DETAILS
Open 12.19 P/E Ratio (TTM)
Last Bid/Size 12.65 / 3 EPS (TTM) -0.09
Last Ask/Size 12.66 / 3 Next Earnings 18 Feb 2014
Previous Close 12.69 Beta 1.53
Volume 1,141,382 Last Dividend
Average Volume 1,009,003 Dividend Yield 0.00%
Day High 12.92 Ex-Dividend Date
Day Low 12.12 Shares Outstanding 82.8M
52 Week High 13.93 # of Floating Shares 68.30711M
52 Week Low 8.24 Short Interest as % of Float 3.85%

 

DRYSHIPS INC(DRYS:NASDAQ, US)

BuySell
3.67USDDecrease0.035(-0.95%)Volume:
Above Average
As of 18 Feb 2014 at 12:37 PM EST.

QUOTE DETAILS

Open 3.73 P/E Ratio (TTM)
Last Bid/Size 3.66 / 91 EPS (TTM) -0.86
Last Ask/Size 3.67 / 493 Next Earnings 3 Mar 2014
Previous Close 3.70 Beta 2.84
Volume 5,475,747 Last Dividend
Average Volume 9,488,317 Dividend Yield 0.00%
Day High 3.76 Ex-Dividend Date
Day Low 3.59 Shares Outstanding 403.8M
52 Week High 5.00 # of Floating Shares 347.0431M
52 Week Low 1.65 Short Interest as % of Float 3.31%
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