"We now look for Paragon to report 2010 earnings per share of 39 cents (from 33 cents) and
Diana Shipping (DSX) lost 0.9% Wednesday.
Diana posted third-quarter net income of $33.8 million this week, up 17.8% from a profit of $28.7 million in the third quarter of 2009.
Like FreaSeas, Euroseas (ESEA) swung to a quarterly loss. The shipper posted lower revenue and hedging benefits, and said rates continued to soften.Euroseas posted a smaller-than-expected loss but revenue came in shy of expectations. The drybulk carrier saw its shares close 1.7% lower on Wednesday. Earlier this week DryShips, announced it finally got a long term contract for one of its energy-exploration vessels. DryShips said it received a "letter of agreement" from an unnamed U.S. oil company to explore for energy off the coast of West Africa for 300 days, which is atypical in length; most charters have a longer term. >>DryShips Jumps on DrillShips Deal The contract, DryShips said, is worth $135 million. That translates into a rate of $425,000 a day, not including the cost of moving the ship to West Africa, which is "in line with recent contract awards," wrote Omar Nokta, a shipping analyst at the investment house Dalhman Rose, in a note to clients Tuesday.
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