Greek owner Diana Shipping has sealed a time charter contract with BHP Billiton Freight Singapore for 2012-built newcastlemax bulker Philadelphia.
.The contract commenced last week, for a period of 14-17 months at a gross charter rate of $14,500 per day. The vessel was previously on charter to Koch Shipping at $20,000 per day.
Diana Shipping says the charter will generate $6.09m of gross revenue based on the minimum time charter period.
