Dry CargoEurope

Diana Shipping seals new panamax charter with Phaethon

Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Phaethon International Company for 2001-built panamax bulker Oceanis.

The charter commenced today, and is for a period of 12-14 months at rate of $9,200 per day. The vessel was previously on charter with Hong Kong’s Ausca Shipping at a rate of $10,350 per day.

Diana Shipping, which has a fleet of 41 bulkers, says the new charter will generate around $3.31m of gross revenue based on the minimum time charter period.

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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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