Diana Shipping fixes capesize to Cargill

Diana Shipping fixes capesize to Cargill

Greek dry bulk owner Diana Shipping has entered into a 8-10 month time charter contract with Cargill International for 2005-built capesize vessels Salt Lake City.

The charter commences May 1 at a rate of $16,250 per day, much higher than the $9,000 per day rate paid by the previous charter Uniper. Last week, Uniper took panamax bulker Atalandi on charter from Diana at $13,500 per day.

Diana Shipping says the charter will generate around $3.9m 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.

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