Cargill signs new charter for Diana Shipping kamsarmax

Cargill signs new charter for Diana Shipping kamsarmax

Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Cargill International for 2010-built kamsarmax Medusa.

The new charter, which commenced yesterday, is for 13-15 months at a gross charter rate of $14,000 per day. Cargill was previously paying $10,000 per day for the vessel.

Diana Shipping says the deal will generate around $5.46m of revenue based on the minimum the 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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