— Diana Shipping Inc. (NYSE: DSX) reported its third-quarter 2019 breakeven per share versus $0.02 per share expected.
— Time charter revenues fell by 13% to $53.53 million versus $51.78 million expected. This was due to the sale of two vessels in December 2018 and decreased average time charter rates that it achieved for its vessels.
— The average number of vessels decreased to 43.8 from 50 in the prior-year quarter. However, the weighted average age of vessels rose to 9.4 from 9.1 a year ago.
— Fleet utilization for the third quarter declined to 99.4% from 99.5% in the previous year quarter.
— Time charter equivalent rate decreased to $12,682 from $12,975 a year earlier. However, the daily vessel operating expenses rose to $5,458 from $4,958 a year ago.
— Long-term debt as of September 30, 2019, was $485.53 million while cash and cash equivalents stood at $127.27 million.
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