Dry Cargo

Diana Shipping’s new kamsarmax gets Clearlake timecharter

Athens: Diana Shipping’s newly delivered kamsarmax bulk carrier Medusa (82,194 dwt, built 2010) has won a 10- to 14-month timecharter from Clearlake Shipping (Singapore).

Diana purchased the vessel in April from Japan’s Shikishima Kisen for around $18.05m.

The Medusa has been fixed at a rate of $7,450 per day, less 4.75% commission paid to third parties.

Diana says it expects the contract to generate around $2.2m of revenue for the minimum 10-month period of the charter, which began today.

Clearlake has three other Diana bulk carriers on timecharter, comprising the capesize vessels Boston (177,800 dwt, built 2007) and Norfolk (164,218 dwt, built 2002); plus the kamsarmax Myrsini (82,117 dwt, built 2010). The Gunvor subsidiary has already extended its original contracts on all these vessels.


Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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