Diana Containerships: Q1 Revenue More Than Doubles

Diana Containerships announces its Q1 revenue has more than doubled.

Dry bulk shipper's shares jump 64 pct to $2.70, top advancer across U.S. exchanges in heavy premarket trade.

DCIX trading with 20 pct of their free float volume in premarket, as per TR data.

Q1 revenue more than doubles to $8 mln from a year ago, also posts a smaller YoY loss.

Increase was mainly due to higher revenue from improved fleet utilization and increased time charter rates.

If gains hold, DCIX shares set to more than erase YTD losses of 59.6 pct.

Reporting by Shreyashi Sanyal in Bengaluru