Shipping Stocks: Diana Rises

Diana Shipping shares were on the rise Thursday after the company met analysts' expectations with a huge jump in fourth-quarter earnings.
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Diana Shipping

(DSX) - Get Report

shares were on the rise Thursday after the company met analysts' expectations with a jump in fourth-quarter earnings.

Diana reported earnings of $54.2 million, or 72 cents per share, up from $36.4 million, or 49 cents per share, in the fourth quarter of fiscal 2007.

Shares of the company were rising 7.2% to $14.61 in recent trading.

Elsewhere in the shipping sector:

Eagle Bulk Shipping was up o.3% to $3.98.

Genco Shipping

(GNK) - Get Report

was up 1.6% to $13.30.

Excel Maritime Carriers was plunging 22% to $4.52.

DryShips was slipping 2.1% to $3.69.