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Glencore Grain takes Diana panamax on period contract

Diana Shipping has fixed its panamax Ismene (77,901 dwt, built 2013) to Glencore Grain for 10 to 13 months, commencing yesterday.

The gross charter rate was fixed at $5,850 per day, minus 5% commission, which Diana said will generate around $1.67m of gross revenue during the first 10 months.

The rate is around a 25% reduction on the $7,825 per day that Glencore Grain was paying when it had the vessel on charter between March and July this year.

Ismene underwent a scheduled drydocking in July after completing its previous contract.

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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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