The Nasdaq-listed owner logged a net deficit of $19.8m for the three months to 31 December versus a net profit of $0.3m for the same period of 2012.

The loss equates to $0.58 per share compared to a profit of $0.01 per share in the final quarter of 2012.  

Stripping out the impairments from the sale of the 4,729-teu Spinel (ex: APL Spinel, built 1996) and 4,729-teu APL Sardonyx (built 1995) Diana would have made a profit of $2.1m