Glencore takes Diana Shipping panamax on timecharter

Glencore takes Diana Shipping panamax on timecharter

London: Glencore Grain (Rotterdam) has fixed a panamax bulker owned by Greece’s Diana Shipping on an 11- to 14-month timecharter.

The Protefs (73,630 dwt, built 2014) was fixed at a gross daily rate of $6,250, commencing April 3.

Diana expects the timecharter to generate $2.06m in gross revenue for the minimum 11-month period.

London-based shipbroker Alibra Shipping today estimates daily rates of $8,550 for a one-year timecharter of a panamax vessel in the Atlantic Basin.

Glencore Grain has recently extended its contracts on three other Diana bulk carriers.

Last month, the trader extended its timecharter of the Oceanis (75,211 dwt, built 2001) at a gross rate of $4,500 per day, commencing on March 22.

The company extended its contracts on the vessels Arethusa (73,593 dwt, built 2007) in February and the Erato (74,444 dwt, built 2004) in early March.

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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