Diana Shipping fixes capesize to Koch Shipping

Diana Shipping fixes capesize to Koch Shipping

Greek owner Diana Shipping has entered into a time charter contract with Koch Shipping Singapore for its 2005-built capesize bulk carrier Baltimore.

The charter commenced on June 6 and is for a period of 12-14 months. The gross charter rate is $18,050 per day, up from $11,300 when the 177,243 dwt vessel was chartered to Cargill International in its previous contract.

Diana Shipping says the contract will generate $6.23m of revenue for the minimum scheduled period of the time charter.

Last month, Diana Shipping also sealed a time charter contract with Koch Shipping for 2013-built capesize P.S. Palios.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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