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Diana seals charters for bulker and boxship pair

Diana seals charters for bulker and boxship pair

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Diana Shipping has sealed a new time charter contract for one of its bulkers, while Diana Containerships has signed a new charter deal and extended a charter for its boxships.

Hudson Shipping Lines has taken 2001-built panamax bulker Alcyon from Diana Shipping on a 12-15 months time charter at a rate of $8,000 day. The new charter commenced July 21, and is a significant improvement on the rate previously paid by the Norden at $5,000 per day.

Diana Containerships has signed a new time charter contract with Maersk Line for 2006-built post-panamax containership Puelo for a period of eight to 18 months. The new charter commences August 2 at a rate of $10,600 per day for the first eight months, rising to $12,000 per day beyond the initial period. The charter is expected to commence on August 2, 2017.

Additionally, CMA CGM has extended the charter of 2010-built panamax containership Centaurus for a period of eight to 12 months at a rate of $7,950 per day. The new charter period commences August 23.

Based on the minimum charter periods the Alcyon bulker deal is expected to generate at least $3.17m in revenue, while the charter of Puelo and extension of Centaurus will generate at least $4.45m.

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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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