The decision of shareholders to change the name of company Diana Containerships for Performance Shipping Inc. was held on February 19, 2019.
The current changes were mentioned in the form of financial report.
The company’s common shares will continue to trade on the Nasdaq Global Select Market under the ticker “DCIX”.
Diana Containerships was managed to narrow its net loss to USD 0.4 million from a net loss of USD 16.6 million seen in the same period of 2017.
Time charter revenues were USD 6.1 million for the fourth quarter of 2018, compared to USD 7.8 million for the same period of 2017.
The company’s fleet and was partially offset by the increased time charter rates achieved as a result of improved market conditions, Diana Containerships explained.
In addition, full-year net loss for 2018 amounted to USD 52.9 million, compared to a net income of USD 3.8 million posted in 2017. The loss for 2018 includes impairment charges of two vessels and aggregate loss on sale of seven vessels.
The company currently has a fleet of two Panamax and two Post-Panamax containerships.