Glencore Hires Diana Shipping’s Panamax

  • Business & Finance

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

Under the deal, the company’s 73,593 dwt Arethusa was hired at a gross charter rate of USD 12,600 per day for a period of twelve to fifteen months.

The 2007-built ship, which is expected to commence the charter on April 25, is currently working for Singapore’s Noble Resources International at a daily rate of USD 7,200.

Diana Shipping said that the employment is anticipated to generate USD 4.54 million of gross revenue for the minimum scheduled period of the time charter.

Related news

List of related news articles