Diana Shipping Finds Work for Panamax Bulker

Greek dry bulk owner and operator Diana Shipping has entered into a time charter contract with Rotterdam-based Glencore Agriculture B.V. for one of its Panamax dry bulk vessels, the M/V Calipso.

The gross charter rate is USD 12,200 per day for a period of about fifteen to eighteen months.

The charter is expected to commence on March 12, 2018.

The Panamax bulker, built in 2005, was previously chartered to Transgrain Shipping B.V., also from Rotterdam, at a gross charter rate of USD 9,000 per day.

“This employment is anticipated to generate approximately USD 5.31 million of gross revenue for the minimum scheduled period of the time charter,” Diana Shipping said.

Diana Shipping’s fleet consists of 50 dry bulk vessels with a combined carrying capacity of approximately 5.8 million dwt with a weighted average age of 8.54 years.

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