Greece’s OceanPal has entered into a time charter contract with Koch Shipping in Singapore for 2005-built capesize bulker Baltimore.
The charter is set to commence on February 9 at a rate of $13,300 per day, for a period of five to eight months. The vessels is currently on charter to Enesel Bulk Logistics at $12,900 per day.
The charter will generate around $2m of gross revenue based on the minimum time charter period.
OceanPal, spun off from Diana Shipping in 2021, currently owners a fleet of two capesize bulkers and two panamaxes.