Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
HomeMaritime NewsRegionsAmericasDiana Shipping time charters panamax at $4,500 per day

Diana Shipping time charters panamax at $4,500 per day

Diana Shipping time charters panamax at $4,500 per day
Diana Shipping has taken another time charter at levels below operating costs.

The company chartered the 73,630 dwt, 2004-built panamax, Protefs to Transgrain shipping for 12 – 16 months at a rate of $4,500 per day minus 5% commission.

It said the charter would generate $1.55m in gross revenue over the minimum period of the contract.

Diana Shipping has taken a number of similarly low rated time charters this year indicating it does not expect any significant market upturn in the next 12 months.

TAGS: Europe Dry Bulk Regions Diana Shipping

 

Related
An overhead shot of containerships in port
Gulf in expected freight rates slows Transpacific negotiations
May 02, 2024
Panana-City-yosi-bitran-unsplash.jpg
Unifeeder expands in Latin America, opens Panama office
May 01, 2024
The M/V Dali is shown with the collapsed Francis Scott Key Bridge on March 30, 2024, in Baltimore
FMC calls for Baltimore aid
Apr 30, 2024
Barge approaching Infinity Sky for first biofuels supply in Peru_Courtesy of Monjasa.jpg
Monjasa completes first biofuels supply operation in Peru
Apr 30, 2024