Diana Shipping seals another panamax charter with Phaethon

Diana Shipping seals another panamax charter with Phaethon

Greek dry bulk owner has fixed another panamax vessel to Ukranian outfit Phaethon International Company, its second time charter to the company this week.

Phaethon has taken 2013-built Ismene on charter for a period of 13-15 months at a rate of $10,800 per day. The vessel, which will commence the charter on January 11, was previously on charter to Koch Shipping at $12,125 per day.

Diana says the charter will generate around $4.21m of gross revenue based on the minimum time charter period.

Earlier this week, Diana fixed the 2001-built panamax bulker Oceanis to Phaethon for 12-14 months at $9,200 per day.

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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