Glencore Grain takes Diana Shipping panamax on short-term time charter

The gross charter rate is $5,850 per day, minus a 5% commission paid to third parties, for a period of between 10-13 months, the Greece dry bulk shipping specialist said. The charter commenced August 7.

Ismene is a 77,901 dwt Panamax dry bulk vessel built in 2013.

Diana Shipping’s fleet currently consists of 46 dry bulk vessels (2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 23 Panamax). The Company also expects to take delivery of one new-building Newcastlemax dry bulk vessel during the third quarter of 2016, as well as one new-building Newcastlemax dry bulk vessel and one new-building Kamsarmax dry bulk vessel during Q4.

The combined carrying capacity of Diana’s fleet, excluding the three undelivered, is approximately 5.2 million dwt with a weighted average age of 7.8 years.