Diana seals time charters for pair of capesizes

Diana seals time charters for pair of capesizes

Diana Shipping has entered into two separate time charter agreements for capsize vessels Santa Barbara and Salt Lake City.

2015-built Santa Barbara has been contracted to Cargill International for a period of 12-15 months at a rate of $12,000 per day. The charter is expected to commence on January 24.

Meanwhile, the 2005-built Salt Lake City has been chartered to Uniper Global Commodities in Germany for a period of 12-16 months at a rate of $9,000 per day. The contract is scheduled to commence on January 20.

Diana Shipping says the contracts will generate around $7.38m 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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