Dry CargoEurope

Diana panamax gets new charter with Glencore

Greek dry bulk owner Diana Shipping has sealed a new time charter contract with Glencore Agriculture for 2014-built ice class panamax bulk carrieer Crystalia.

The charter commenced earlier this week and is through to between July 1, 2021 and September 30, 2021 at a gross charter rate of $8,750 per day. Glencore was previously paying $10,500 per day.

The contract is worth around $3.49m based on the minimum charter period.

Separately, Diana Shipping announced that it has signed a term loan facility with ABN AMRO Bank for $52.885m which will be used to combine the two loans outstanding with the lender and extending the maturity to June 2024.

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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