Diana and Glencore team up on dry bulk vessel

Diana Shipping has secured a charter contract with Glencore Grain B.V. Rotterdam for the m/v Erato, which will be worth approximately $2.3 million
Diana and Glencore team up on dry bulk vessel

Diana Shipping has secured a charter contract with Glencore Grain B.V. Rotterdam for the m/v Erato worth around $2.3 million

Diana Shipping has entered into a deal with Glencore Grain B.V. Rotterdam for one its panamax dry bulk vessels. 

The m/v Erato, a 74,444 dwt vessel, will be contracted to Glencore for a period of 11 months (minimum) to a maximum of 14 months, at a rate of $7,1000 per day minus five percent commission paid to third parties. 

The employment is expected to generate at least $2.34 million of gross revenue over the minimum charter period. 

Diana Shipping’s current fleet is made up of 40 dry bulk vessels, with two newbuilding newcastlemax and one newbuilding kamsarmax vessels scheduled for delivery in the second quarter of 2016. 

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by Laura Stackhouse

readmt.com Editor

Laura Stackhouse is the Web Editor of readmt.com, an official publication of the International Marine Purchasing Association (IMPA). To discuss news, features or contributing to readmt.com please get in touch.

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