Diana Shipping panamax goes on charter to Phaethon

Diana Shipping panamax goes on charter to Phaethon

Greek dry bulk owner Diana Shipping has entered into a time charter contract with Phaethon International Company for 2006-built panamax bulker Naias.

The charter is for 15 to 18 months and commences on November 24 at a rate of $10,000 per day. The vessel was previously chartered to Glencore at $7,500 per day.

Diana Shipping says the contract will generate around $4.35m based on the minimum scheduled 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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