Diana Shipping gets new charter for panamax bulker

Diana Shipping gets new charter for panamax bulker

Greek dry bulk owner Diana Shipping has sealed a new charter for 2013-built panamax Ismene.

The vessel will go out on charter today to Koch Shipping in Singapore for a period of 13-15 months at $12,125 per day. Despite an improving dry bulk market, the rate is only marginally higher than the $12,000 per day previously being paid for the vessel by DHL Project and Chartering.

Diana Shipping says the new charter will generate around $4.6m of gross revenue based on the minimum time charter period.

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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