Greek dry bulk owner Diana Shipping has sealed a time charter contract with Ausca Shipping in Hong Kong for 2005-built panamax bulker Melia.
The new charter commences on August 20, and is for a period of eight to ten months at a rate of $10,000 per day plus a $500,000 ballast bonus. The vessel came off charter in April with Cargill, who were paying $10,750 per day.
Diana Shipping, which has a fleet of 40 bulkers, says the charter will generate around $2.75m based on the minimum time charter period.