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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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