Diana Shipping temporarily grounds bulk carrier, to lose revenue
Dry bulk carrier Diana Shipping Inc. said one of its carriers will be off hire for about 22 days, as it suffered minor damages due to a grounding incident. Diana Shipping will lose about $605,000 in gross revenue. The repairs for the carrier will cost about $500,000, but these expenses are insured, the company said in a statement. (Reporting by Anant Vijay Kala in Bangalore)