Diana capesize gets double the money on new Koch charter

Diana capesize gets double the money on new Koch charter

Greek owner Diana Shipping has signed a new time charter contract with Koch Shipping for 2011-built capesize Seattle.

The new charter is for 4-6 months and commenced yesterday at a rate of $24,000 per day, more than double the rate of $11,700 per day Koch was previously paying for the vessel.

Diana says the deal is worth around $2.88m based on the minimum time 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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