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Diana Shipping fixes kamsarmax at lower rate

Diana Shipping has sealed a new time charter contract with Tata NYK Shipping, a joint venture between Indian steel major Tata Steel and Japanese shipping major NYK Line, for its 2013-built kamsarmax Myrto

The charter with the Singapore-based company is expected to commence on August 3 and run through to between July 15, 2023 and September 15, 2023. The charter rate is $18,000 per day – down $10,500 from what China’s Solebay was paying when it booked the ship in September last year.

The New York-listed bulker owner said the 82,131 dwt vessel is expected to earn around $6.16m for the minimum scheduled period of the time charter.

In addition to the Myrto deal, Diana, with a fleet of 34 bulkers, recently fixed its 2007-built capesize Boston to Aquavita International up to May 31, 2023, at a daily rate of $20,500 – up from its previous employment with Richland Bulk at $13,000 per day.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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