Discover the Cape-Haizhou: Ratings & Maritime News

In an exciting development for the Greek dry bulk sector, Diana Shipping has successfully signed a time charter agreement with Koch Shipping involving the 2005-built capesize vessel, Baltimore. This new charter, which commenced earlier this week, spans a duration of 19 to 22 months at a daily rate of $15,000. This marks a shift from the previous agreement, where Koch was charged $18,050 per day. The strategic move reflects both companies' adaptability in the evolving maritime market.

Athens, Greece - In a strategic move to boost its operations, Diana Shipping, a prominent player in the dry bulk shipping sector, has secured a time charter agreement with Singapore's Koch Shipping. This partnership sees the company's Capesize vessel, the m/v Baltimore, entering into a charter that will span twelve to fourteen months. The 177,243 deadweight ton (dwt) Capesize vessel officially began the charter on June 6 and will operate at an attractive gross charter rate of USD 18,050 per day. This deal underscores the growing demand for Capesize vessels in the shipping market.

On July 29, 2023, a new time charter agreement was finalized with the delivery of the vessel Lanshan. The charter, valued at $7,750 per day, is set to span a period of 5 to 8 months. This strategic move enhances Cargill's operational capabilities, allowing for increased efficiency in their trading activities.