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Diana Shipping picks up new charters at improved rates

Diana Shipping picks up new charters at improved rates

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Greek dry bulk owner Diana Shipping has entered into two time charter agreements worth over $8m.

Diana has fixed 2007-built capesize vessel Semirio via a time charter contract with Koch Shipping in Singapore for a period of 12-16 months. The contract starts on May 20, and is at a rate of $14,150 per day.

The vessel was previously fixed to SwissMarine at just $4,800 per day.

Additionally, Diana has agreed to extend a time charter contract with Narina Maritime for 2006-built panamax dry bulk vessel Coronis for a period of minimum 11-14 months. The extended charter commences May 17 at a rate of $9,000 per day, a significant increase on the previous rate of $4,750 per day.

The two contracts are worth around $8.06m based on the minimum time charter periods.

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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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