Diana Shipping signs new charter deal with Ausca for panamax

Diana Shipping signs new charter deal with Ausca for panamax

Greek dry bulk owner Diana Shipping has entered into a time charter contract with Ausca Shipping in Hong Kong for 2006-built panamax Artemis.

The new charter commences today for a period of 12-15 months at a rate of $12,600 per day. The new rate is a substantial increase on the $9,000 per day previously paid by Ausca, and $1,300 a day more than a charter deal Diana sealed for another 2006-built panamax last month, the Coronis.

Diana says the deal will generate around $4.54m 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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