Diana Shipping kamsarmax charter extended by Glencore

Diana Shipping kamsarmax charter extended by Glencore

Greek dry bulk owner Diana Shipping has extended the current time charter contract with Glencore for 2013-built kamsarmax bulker Astarte.

The new contract commenced this week and is for a period of 14-17 months at a gross rate of $14,250 per day. Previously, Glencore was paying $9,000 per day for the vessel.

Diana Shipping says the extension will generate around $5.99m 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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