Dry CargoEurope

C Transport Maritime takes another Diana Shipping capesize on charter

Greek dry bulk owner Diana Shipping has entered into a time charter contract with John Michael Radziwill-led C Transport Maritime (CTM) for the 2009-built capesize bulker Houston.

The charter commenced yesterday, and will run through to between July 1, 2021 and September 20, 2021. The charter rate is $6,250 per day for the first 30 days and $12,400 for the balance of the charter. The vessel was previously on charter to Koch Shipping at $10,125 per day.

Late last month, CTM also fixed Diana’s 2012-built capesize bulker P. S. Palios for 13 to 15 months. The charter rate on that deal was $6,000 per day for the first 35 days and $12,050 per day for the remainder of the charter.

Diana Shipping says this latest deal will generate around $5.25m of revenue 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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