Diana Shipping sends kamsarmax on time charter to Cargill

Diana Shipping sends kamsarmax on time charter to Cargill

Greek dry bulk owner Diana Shipping, via a separate wholly-owned subsidiary, has entered into a time charter contract with Cargill International for kamsarmax dry bulk vessel Myrto.

The 2013-built vessel fetched a gross charter rate of just $6,000 per day, minus a 4.75% commission paid to third parties. The charter commenced today and is for a period of ten to about thirteen months.

Diana said the deal will generate around $1.8m of gross revenue based on the minimum 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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