Diana Shipping fixes panamax bulker to Glencore

Diana Shipping fixes panamax bulker to Glencore

Greek owner Diana Shipping has entered into a time charter contract with Glencore Agriculture for 2014-built ice class panamax bulker Crystalia.

The charter will start immediately for a period of 12-15 months and a gross charter rate of $11,100 per day. The rate is substantially higher than the $6,250 per day previously paid by SwissMarine.

Diana Shipping, which has a fleet of 51 dry bulk vessels, says the deal will generate around $4m of revenue based on the minimum time charter period.

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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