Diana Shipping secures time charter contract from Cargill

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 worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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