Diana Shipping post-panamax charter extended by Cargill at reduced rate

Diana Shipping post-panamax charter extended by Cargill at reduced rate

Greek owner Diana Shipping has agreed an extension with Cargill International for the time charter contract for 2012-built post-panamax bulker Polymnia.

The new charter has commenced this month and is for a period of 11-13 months at a rate of $11,000 per day. Cargill was previously paying $16,000 per day for the vessel.

Diana Shipping says the charter will generate around $3.63m 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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