Dry CargoEurope

Glencore charters another Diana Shipping bulker

Athens: Glencore Grain BV (Rotterdam) has timechartered another panamax bulker from Diana Shipping for a period of between 11 to 14 months, expected to commence tomorrow.

The Erato (74,444 dwt, built 2004) has been chartered at a net daily rate of $6,745 ($7,100 per day before commission), the New York-listed company said today.

Diana says the deal will generate approximately $2.22m of net revenue for the minimum scheduled period of the timecharter.

In mid-February, Glencore Grain extended its timecharter of Diana’s Arethusa (73,593 dwt, built 2007) at a net charter rate of $6,745 per day ($7,100 daily before commission) for a period of between 11 and 14 months.

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.
Back to top button