Phaethon International has fixed a panamax bulk carrier owned by Diana Shipping on timecharter for up to eight months at a daily rate of $5,250, according to Baltic Exchange data.
Coronis (74,381 dwt, built 2006) will deliver to the charterer in Donguan in southern China between May 25-30 and may be redelivered up to a maximum of February 18, 2017.
The daily rate is a 24% discount on what Coronis was earning during its previous employment with Sandgate Maritime.
The charterer booked the vessel in July 2015 at a gross rate of $6,500 per day, which terminated when Sandgate redelivered the vessel slightly earlier than scheduled on March 19 this year, rather than April 3.
