Cargill extends timecharter of Diana panamax

Cargill extends timecharter of Diana panamax

Athens: Commodity trader Cargill has extended its charter of a Diana Shipping panamax bulk carrier by a further 15 to 18 months.

The Leto (81,297 dwt, built 2010) was fixed at a rate of $7,100 per day, minus 4.75% commission for third parties.

The vessel was originally fixed in mid-July 2014 on a one-year timecharter to Cargill at a rate of $11,350 per day.

The NYSE-listed company expects the fixture to generate around $3.1m of gross revenue for the 15-month minimum period of the contract.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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