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Caravel snaps up Diana Shipping panamax on charter

Photo of Grant Rowles Grant RowlesFebruary 3, 2017
5 Less than a minute
Diana Shipping

Caravel Shipping has snapped up the 2001-built panamax bulker Dione from Greece’s Diana Shipping.

The charter is for a period of nine to 12 months commencing February 4, at a day rate of $7,200 per day.

Diana Shipping said that the charter is expected to generate around $1.92m of gross revenue based on the minimum time charter period.

Caravel Shipping is part of Caravel Group, founded by ex-Noble chief Harry Banga in 2013, and is headed by former Noble executive Mudit Paliwal.

Paliwal told Splash today that Caravel currently has around 80 ships on the water.

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Photo of Grant Rowles Grant RowlesFebruary 3, 2017
5 Less than a minute
Photo of Grant Rowles

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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