Diana Shipping Extends Glencore Charter at Lower Rate

Diana Shipping Extends Glencore Charter at Lower Rate

The NYSE-listed dry bulk shipping company Diana Shipping has agreed to extend the present time charter contract with Glencore Grain B.V., Rotterdam, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi, for a period of minimum eleven months to maximum fourteen months.

The gross charter rate is USD 7,000 per day for the first thirty days of the charter period and USD 8,000 per day for the balance period of the time charter.  The new charter period is expected to commence on April 13, 2015.

The initial charter started in May 2014 at a gross charter rate of USD 13,500 per day.

The Atalandi is a 77,529 dwt Ice Class Panamax dry bulk vessel built in 2014.

This employment extension is anticipated to generate approximately USD 2.61 million of gross revenue for the minimum scheduled period of the time charter.

 

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >