Diana Shipping newcastlemax gets pay rise from Koch

Diana Shipping newcastlemax gets pay rise from Koch

Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Koch Shipping for 2012-built newcastlemax Philadelphia.

The new contract is for 20-23 months at $20,000 per day, a 29% increase on the $15,500 per day previously being paid by Koch.

The charter will generate Diana around $11.7m based on the minimum time charter period.

Diana has a fleet of 50 bulkers, four of which are newcastlemaxes.

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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