Dry CargoEurope

Diana Shipping fixes panamax pair to Glencore Grain

Diana Shipping has chartered out a pair of panamax vessels to Glencore Grain, with the contracts commencing on March 26 and expected to generate around $4.6m.

Diana entered into a time charter contract with Glencore for 74,444 dwt panamax dry bulk vessel Erato for a period of 11-14 months at a gross charter rate of $4,650 per day minus a 5% commission payable to third parties. The charter for the 2004-built vessel commenced on March 26.

The company also entered into a time charter contract with Glencore for 2014-built 77,529 dwt panamax Atalandi for a period of 20-25 months at a gross charter rate of $5,300 per day, minus a 5% commission. The charter commenced on March 26, 2016.

Diana Shipping said the contracts will generate around $4.6m of gross revenue for the company based on the minimum scheduled time charters periods.

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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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