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Diana Shipping extends capesize charter at $6,500 per day

Underscoring the grim nature of the dry bulk market Diana Shipping has extended a charter on one its capesizes for just $6,500 per day.

Marcus Hand, Editor

December 21, 2015

1 Min Read
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New York Stock Exchange (NYSE)-listed Diana extended its charter with Rio Tinto Shipping Asia for the capesize Sideris GS for a minimum of 13 – 18 months. The 2006-built, 174,186 dwt vessel was fixed at a gross day rate of $6,500 per day minus 5% commission to third parties.

Last week saw the Baltic Dry Index (BDI) plunge to a new all time low and the rate is above the Baltic Capesize Index (BCI) average spot TC rate of $5,190 per day recorded on Friday.

Having hit an all time low of 471 points on Thursday the BDI moved up slightly to 477 points on Friday.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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