Diana Containerships has seen its loss for 2016 grow following a fourth quarter in the red.

The Nasdaq-listed company posted net deficit of $149m in the 12 months of last year, against $17.5m in 2015.

It added this figure includes impairment charges of $118.9m on seven ships.

For the fourth quarter, Diana Containerships logged a loss of $8.5m, compared to $8.8m in the corresponding quarter of 2015.

Its