Dry CargoEurope

Diana Shipping newcastlemax fixed at its best ever rate

NYSE-listed Greek dry bulk owner Diana Shipping has sealed a new time charter contract with Classic Maritime for 2012-built newcastlemax bulker Philadelphia.

The vessel will commence the new charter on May 1, through to between March 1, 2022 and May 1, 2022 at a rate of $28,500 per day. The rate is significantly higher than the previous charter to BHP at $14,500 per day.

Semiramis Paliou, CEO of Diana Shipping, commented: “We are pleased to announce the specific time charter fixture, which is in line with our chartering strategy over the years. We find it especially noteworthy that the m/v Philadelphia has been fixed at the highest rate since the vessel was delivered to us in 2012, a reflection of the robust current dry bulk market.”

Yesterday, Splash reported that the Baltic Dry Index has surged to 10-year highs with capesize bulkers leading the charge.

Diana Shipping currently owns a fleet of 36 bulkers.

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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