Diana charters panamax bulker to Cargill

Diana charters panamax bulker to Cargill

Cargill International has chartered Diana Shipping’s panamax bulk carrier Melite (76,436 dwt, built 2004) for 11 to 14 months.

The vessel was fixed at a rate of $7,250 per day, minus a 4.75% commission for third parties. The charter period starts on Tuesday.

Diana said it expects the contract to generate around $2.39m in gross revenue during the 11-month minimum period.

Melite has just completed a 10-month timecharter to Glencore, which was earning $7,250 daily, less 5% commission.

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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