Diana lands new capesize charter and panamax extensions

Diana lands new capesize charter and panamax extensions

Dry bulk owner Diana Shipping has won a new charter contract for one of its capesizes, while also extending charters for two panamax vessels.

The Greek company has entered into a time charter contract with DHL Project & Chartering in Hong Kong for 2010-built capesize New York. The charter is for a period of 16-19 months at a rate of $16,000 per day. The charter commences mid-January after the vessel comes off charter to Koch Shipping.

Diana has also sealed charter extensions with Phaethon International Company for 2004-built Erato and 2001-built Danae. Erato has been extended for a period of 14-17 months at $10,500 per day, a handy increase from the $7,250 per day currently being paid for the ship. Danae has been given a 13-16 month charter extension at $10,000 per day, up from $7,750.

According to Diana, the three contracts are expected to generate around $15.99m revenue based on the minimum time charter periods.

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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