Diana Shipping fixes kamsarmax bulker to Glencore

Diana Shipping fixes kamsarmax bulker to Glencore

Greek dry bulk owner Diana Shipping has entered into a time charter contract with Glencore Agriculture for 82,193dwt kamsarmax bulker Maia.

The charter is for a period of 12-15 months and at a rate of $10,125 per day. The deal represents a significant increase on the previous charter rate of $7,500 per day with Germany’s RWE Supply & Trading.

Diana Shipping expects the deal to generate at least $3.65m of gross revenue over the minimum charter period.

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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