Diana Shipping fixes capesize to Berge Bulk

Diana Shipping fixes capesize to Berge Bulk

Greek dry bulk owner Diana Shipping has entered into a time charter contract with Singapore’s Berge Bulk for 2006-built capesize vessel Sideris GS.

The charter commenced last week, and will run through to between December 15, 2019 and March 30, 2020. The gross charter rate is $8,500 per day for the first thirty days and $15,350 per day thereafter. The vessel was previously on charter to Rio Tinto Shipping at $13,000 per day.

Diana says the contract will generate around $6.24m revenue based on the minimum time charter period.

Berge Bulk is on the verge of adding four capesizes to its owned fleet, with subjects lifted on a $98m deal with China’s ICBC.

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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