Diana Shipping seals new kamsarmax charter with Cargill at reduced rate

Diana Shipping seals new kamsarmax charter with Cargill at reduced rate

Greek dry bulk owner Diana Shipping has signed a time charter contract with Cargill International for its 2010-built kamsarmax bulker Medusa.

The new charter is for 11-13 months commencing today, The daily rate of $11,000 per day is significantly down on the previous charter rate of $14,000 per day.

Diana Shipping says the new charter will generate around $3.47m of gross revenue 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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