Diana fixes panamax bulker to Glencore Grain

Diana fixes panamax bulker to Glencore Grain

Diana Shipping has chartered its panamax bulk carrier  Triton to Glencore Grain (Rotterdam) for 11 to 14 months at a rate of $6,800 per day, minus a 5% commission for third parties.

The charter period is set to commence on October 29.

“This employment is anticipated to generate approximately $2.14m of gross revenue for the minimum scheduled period of the time charter,” the NYSE-listed company said today.

The rate is a 36% reduction on the $9,250 gross daily rate Glencore Grain was paying when Triton began a 12-month contract to the charterer on October 24 last year.

Today, the Baltic Panamax Index climbed 5 points to 696. The timecharter average rate for a 74,000-dwt vessel on the four benchmark routes today is $5,491 per day, up $33 on yesterday’s level.

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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