Diana Shipping signs new newcastlemax charter with Koch at lower rate

Diana Shipping signs new newcastlemax charter with Koch at lower rate

Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Koch Shipping for 2017-built newcastlemax San Francisco.

The charter is for 19 to 22 months at a rate of $16,000 per day, a third less than the $24,000 per day Koch was previously paying for the ship. Koch currently has another Diana newcastlemax on charter, the 2012-built Philadelphia, for $20,000 per day.

The new San Francisco charter is expected to generate around $9.12m 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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