Cut by 95%, down to $.0025; no longer any reason to hold onto this stock. Hard to believe, the dividend now is a penny a share annually. Two years ago this company paid out $.25 quarterly, 100 times greater than now.
Pretty much dropped the dividend all together... 25/100ths of a penny. Also looks like they issued more shares for the cash influx from DSX and other investores?
I'll ditto your remarks___ I have lost money om EVERY Greek shipping company that I have owned... Their a bunch of crooks who survive by first initiating a large dividend and when they have sucked in all of the uninitiated drop the dividend and cry it's " Market related"... Since I started with Norwegian shippers, it has been a pleasant journey...
Surprised you're still here after the thrashing we received in 08 ~ I bailed but check in from time to time ~ This DCIX is a loser from the word GO ~ If it were any good DSX would have kept it all for themselves instead of spinning it off to shareholders/WS ~ I've got my own view of what I think the Greeks are doing on WS ~ Investors are the ones taking a bath big time over and over again ~ Beware of Greeks bearing gifts!
WPWR set to alleviate growing concerns of flared gas in the United States by offering its licenced Micro-Refinery Unit ("MRU") as a solution.
"FYI: Both Mark Twain and Elvis are seriously dead, no exaggeration." It was just a matter of time.
And Diana Containerships is also dead, just a matter of time. And it's funny how time slips away.
"To Quote Mark Twain...... "The reports of my death have been greatly exaggerated.""
FYI: Both Mark Twain and Elvis are seriously dead, no exaggeration.
Not going BK but it will not survive I think as DSX will reabsorb it and quite possibly sell off its assets (which are really liabilities) ~ I stated so when it was in the $7 range and was laughed off this mb ~ Classic dividend trap (oh yea, I'm still in a few myself) ~ Everyone jumps on board to capture the high yield but the pps erodes faster than the dividend payments can accrue; div gets cut and you're to far under water to sell so you hang on and hope ~ I lost a bunch on DSX and never went back into it ~ From the JF message boards I knew containers were going to suffer the same over capacity in the future that dry bulk and oil tanking is/was suffering now (and in the recent past) ~ Cut your losses imho as containers are going to continue down hard at least for the near term imho (and in many industry experts opinions as well) ~ It won't be long before the div is cut to nothing here I believe ~ Stay out of shipping is the best I can say (coming from someone sitting on 6 figure losses in other shipping co.'s) ~ GLTA!
How ignorant can comments on Yahoo comment boards get? Rather ignorant, as this comment attests. Dr. Whatever your name is, look at the DCIX shipping routes.
Beijing's rejection of a global shipping alliance to protect mainland companies navigating a choppy market will probably end up hurting cargo firms' earnings, including its own.
The Commerce Ministry's announcement spiking a deal between the world's top three container carriers - known as the P3 and led by Copenhagen-based AP Moeller-Maersk - may undermine recovery in an industry still feeling the 2008 financial crisis.
Overcapacity and low charter rates are likely to stay, jeopardising earnings, including at China Cosco Holdings and China Shipping Container Lines, the country's two biggest.
"This is less about the regulator trying to instil fair play in container shipping," said Jon Windham, Barclays Asia transport analyst. "It is a move to protect domestic players in China, vis-a-vis international players. The status quo in container shipping is not working."
China's rejection of P3 comes after the United States Federal Maritime Commission approved the alliance in March and the European Commission closed an antitrust probe this month.
The Ministry of Commerce said the P3 vessel-sharing alliance would "restrict competition" on the busiest Asia-Europe container routes.
China's move "is a hollow victory for Asian liners", said Paul Dewberry, an analyst at Bank of America Merrill Lynch. "This commoditised, fragmented and loss-making industry is in need of P3-type development to force consolidation. The resulting abandonment of P3 by its members will ultimately only prolong the current industry slump."
Maersk, Mediterranean Shipping and CMA CGM agreed in June last year to establish an operational pact with the aim of reducing costs on Asia-Europe, transatlantic and transpacific routes. Container lines have been battling industry overcapacity after a boom in ship orders collided with the global financial crisis, triggering the worst slump since containerisation became global in the 1970s.