Dry CargoEurope

Diana Shipping charters out newcastlemax at bumper rate

Diana Shipping has landed another improved time charter contract that is anticipated to earn at least $11.3m. 

Koch Shipping has chartered a newcastlemax bulk carrier, San Francisco, through to between March 1, 2023, and May 15, 2023, at a daily rate of $30,500, almost double what it paid in 2019. The charter commenced retroactively on February 18, 2022. 

The New York-listed bulker owner fixed the 2017-built ship to Olam International last year at $17,750 per day for the first 105 days of the charter period and $24,700 per day for the balance period of the charter.

Diana Shipping recently chartered out several ships to Koch. The 2005-built capesize Aliki was fixed at $24,500 per day, the 2017-built newcastlemax Newport News at $28,000, while the 2012-built newcastlemax Los Angeles is fetching $26,250 per day.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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