Diana Shipping Agrees Higher Rate for Panamax

  • Business & Finance

Greek dry bulk ship owner Diana Shipping has secured a charter contract for one of its Ice Class Panamax dry bulk vessels, the m/v Crystalia, at a higher rate.

Under an agreement, reached with Rotterdam-based Glencore Agriculture, the 77,525 dwt vessel will be chartered at a gross charter rate of USD 11,100 per day for a period of twelve to fifteen months. The charter is expected to commence on October 3.

Diana Shipping said that the ship’s new charter contract is set to generate some USD 4 million of gross revenue for the minimum scheduled period of the time charter.

The 2014-built Crystalia is currently working under a charter deal with Geneva’s SwissMarine Services. The ship was delivered to its previous charterer on June 28, when it started earning a gross charter rate of USD 6,250 per day.

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