Dry CargoEurope

Diana Shipping secures time charter contract from Cargill

Greek dry bulk operator Diana Shipping has entered into a time charter contract with commodity trader Cargill for 2015-built 180,960 dwt capesize dry bulk vessel New Orleans.

The gross charter rate is $15,000 per day for a period of 16 months to 19 months commencing from April 10.

Diana Shipping expects the contract to generate approximately $6.98m of gross revenue for the minimum scheduled contract period.

Last month, Diana Shipping fixed a time contract with Cargill for 2005-built capesize Salt Lake City at a much lower rate.

This week, Diana Shipping also secured a contract extension from Uniper for its 2013-built post-panamax bulker Phaidra.


Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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