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Diana Shipping continues to fix low rate dry bulk time charters

Diana Shipping continues to fix low rate dry bulk time charters
Diana Shipping is continuing to lock in time charters on its dry bulk vessels despite the current extremely low rates.

New York Stock Exchange-listed Diana announced it had chartered the 2004-built, 74,444 dwt panamax Erato to Glencore Grain for 11 to 14 months at $4,650 per minus 5% commission.

It also chartered the 77,529 dwt, 2014-built, ice-class panamax Atalandi to Glencore grain. The vessel is fixed for 20 – 25 months at $5,300 per day minus 5% commission.

Diana said the two charters would generate a minimum of $4.6m in gross charter revenue.