Dry CargoEurope

Diana Shipping fixes capesize to CTM

New York-listed Greek dry bulk owner Diana Shipping has entered into a time charter contract with Monaco’s C Transport Maritime for 2007-built capesize Boston.

The charter commences later this week, and is through to between April 15 and June 15, 2022 at a rate of $25,500 per day. The vessel is coming off charter with Germany’s Oldendorff, who have been paying $15,300 per day.

Diana Shipping, which owns a fleet of 36 bulkers, says the deal will generate around $7.65m based on the minimum charter period.

CTM has only just recently redelivered 2013-built capesize P.S. Palios to Diana, who fixed it out to Olam International for $26,500 per day. CTM had been paying just $12,050 per day for the vessel.

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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