Diana fixes panamax to China Shipping

Diana fixes panamax to China Shipping

Hong Kong-based China Shipping Bulk Carrier Co has chartered one of Diana Shipping’s panamaxes for nine to twelve months at a discount to the vessel’s previous employment.

The Artemis (76,942 dwt, built 2006) was fixed at gross rate of $7,500 per day, minus a 5% commission for third parties.

Diana expects the contract, which commenced yesterday, to generate $2.02m of gross revenue for the minimum nine-month period of the timecharter.

The rate is around a 20% decrease on Artemis‘ previous employment with Rio Tinto Shipping, which took the vessel on a two-year timecharter for a gross rate of $9,375 daily. The contract recently expired.

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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