Diana Shipping capesize extended by Rio Tinto at double the rate

Diana Shipping capesize extended by Rio Tinto at double the rate

Greek bulker owner Diana Shipping has extended a time charter with Rio Tinto Shipping for 2006-built capesize vessel Sideris GS.

The new charter extension is for a period of 13 to 17 months at a charter rate of $13,000 per day, double the previous rate of $6,500 that Rio Tinto was paying previously.

The charter period commences on June 20, and is expected to generate around $5.07m of gross revenue based on the minimum time charter period.

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.

Related Posts