Greek dry bulk owner Diana Shipping has sealed a time charter contract for 2007-built panamax vessel Arethusa with Ausca Shipping in Hong Kong.
Commencing immediately, the contract is for a period of 12-15 months at a rate of $9,150 per day. The vessel has just come off a one-year contract with Glencore, where it was earning $12,600 per day.
Diana says the charter will generate around $3.29m based on the minimum charter period.
The company has been selling off many of its older panamaxes, selling the 2001-built Danae and Dione in February, 2004-built Erator in April, and has been circulating 2001-built pair Nirefs and Oceanis for sale also.