Koch signs new charter for Diana Shipping capesize

Koch signs new charter for Diana Shipping capesize

Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Koch Shipping for 2005-built capesize Baltimore.

The new contract commenced earlier this week and is for a period of 19-22 months at a rate of $15,000 per day. Koch was paying $18,050 per day on the previous contract.

Diana Shipping says the deal will generate around $8.33m of gross revenue based on the minimum 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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