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Diana Shipping fixes post-panamax to Cargill at improved rate

Diana Shipping fixes post-panamax to Cargill at improved rate

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Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Cargill International for five-year-old post-panamax vessel Amphitrite.

The new charter is for a period of 13-16 months commencing late September and is at a rate of $11,150 per day. Amphitrite has been chartered to Bunge since it was delivered by Tsueishi in 2012, and was last contracted at a charter rate of $7,700 per day.

The new contract is expected to generate around $4.35m based on the minimum time charter period.

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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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