Diana Shipping wins new Koch charter and extension with Cargill

Diana Shipping wins new Koch charter and extension with Cargill

Diana Shipping has sealed a time charter contract with Singapore-based Koch Shipping for 2013-built capesize vessel P. S. Palios.

The charter is for a period of 12-16 months at a rate of $10,550 per day and is expected to commence on January 21.

Last month Diana signed two new charter deals with Koch Shipping. 2015-built capesize New Orleans went on a time charter contract for 12 months at $11,250 per day while newbuild newcastlemax San Francisco was signed to a 12-16 month charter at $11,750 per day.

Additionally, Cargill has extended a time charter contact for 2013-built kamsarmax Myrto for a period of 12-15 months. The charter rate is $8,000 per day less commission and the charter is expected to commence on January 16.

Diana says the two contract are expected to generate around $6.68m 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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