Glencore Hires Diana Shipping’s Kamsarmax

Image Courtesy: Diana Shipping

Greek shipping firm Diana Shipping has secured a time charter contract for one of its Kamsarmax dry bulk vessels from Rotterdam-based Glencore Agriculture.

Under the deal, the company’s bulker m/v Maia would be deployed for a gross charter rate of USD 10,125 per day over a period from twelve to fifteen months. The 82,193 dwt ship is scheduled to start working for Glencore on July 27.

This employment is anticipated to generate around USD 3.65 million of gross revenue for the minimum scheduled period of the time charter.

Built in 2009, m/v Maia was previously chartered to Essen-based RWE Supply & Trading GmbH at a gross charter rate of USD 7,500 per day.

Diana Shipping’s fleet consists of 51 dry bulk vessels. As of today, the combined carrying capacity of the company’s fleet is 5.9 million dwt with a weighted average age of 7.99 years.

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