Diana Shipping Fetches Higher Rate for Its Panamax

Image Courtesy: Diana Shipping

Greek dry bulk owner Diana Shipping has entered into a time charter contract with Luxembourg-based United Bulk Carriers International for one of its Panamax vessels.

Under the agreement, the company’s 76,225 dwt bulker Melia would be chartered for a period of seventeen to twenty months.

Diana Shipping said that the vessel’s gross charter rate for the period would be at USD 12,000 per day. The 2005-built Panamax is expected to start commence the latest charter contract on April 20, 2018.

This employment is to generate some USD 6.12 million of gross revenue for the minimum scheduled period of the time charter.

Melia is currently chartered to the Italian company Nidera at a gross charter rate of USD 9,500 per day.

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