Diana Containerships Inc
Global scenario of steel and coal is affecting shipping industry
According to the World Steel Association estimates, global steel use will increase by 3.1% to 1.53 billion metric tons in 2014. It will increase by another 3.3% in 2015 to reach 1.58 billion metric tons.
Ship line capital expenditures and financing overview
What Ship Finance paid for the nine ships is only a fraction of construction costs and just marginally higher than current scrap values.
Why Diana Shipping’s 2Q revenue increased with a larger fleet
For the 2Q14, Diana Shipping recorded time charter revenues of $43.2 million, compared to $40 million for the same quarter in 2013. The increase was mainly due to an increase in ownership days, resulting from fleet expansion.