Diana Shipping Fixes Kamsarmax Bulker with Glencore

Greek dry bulk owner Diana Shipping has entered into a time charter contract with Rotterdam-based Glencore Agriculture for one of its Kamsarmax vessels.

Under the agreement, the company’s 82,193 dwt Maia would work at a gross charter rate of USD 13,300 per day for a period until minimum January 1, 2020 up to maximum March 31, 2020.

Diana Shipping expects the employment to generate around USD 5.44 million of gross revenue for the minimum scheduled period of the time charter.

The 2009-built bulker’s charter commenced on November 12. Maia was previously chartered at a rate of USD 10,125 per day.