Diana Shipping charters out capesize at bumper rate

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Diana Shipping has landed an improved time charter contract that is anticipated to earn at least $20.6m.

The New York-listed Greek bulker owner has fixed its 2013 capesize
Diana Shipping charters out capesize at bumper rate to Classic Maritime through to between April 15, 2024, and June 30, 2024, at a daily rate of $31,000, up from its previous employment with Olam International at $26,500 per day. The charter is expected to commence on June 11, 2022 and earn the above-mentioned sum based on the minimum time charter period.

Diana currently owns and operates a fleet of 35 bulkers. Earlier this month, the company sealed a deal with South Korea’s Hyundai Glovis for its 2009-built kamsarmax Maia, banking about $13.43m until September 20, 2023. The charter at $25,000 per day can be extended until November 20, 2023.