Discover the Leto: Ratings & Maritime News

Diana Shipping has officially revealed that its 2010-built panamax vessel, Leto, has successfully entered into a new time charter agreement with Uniper Global Commodities. This new charter commences today and will span a period of 11 to 13 months, set at an attractive rate of $13,000 per day. Prior to this arrangement, the Leto was under the charter of Glencore, earning $12,500 per day. This strategic move highlights Diana Shipping's commitment to optimizing its fleet operations and enhancing its partnerships in the maritime industry.

Diana Shipping Inc., a leading global shipping enterprise focused on operating dry bulk carriers, has recently announced the extension of its time charter arrangement with Glencore Agriculture B.V., based in Rotterdam. This contract involves one of its Panamax dry bulk vessels, the m/v Leto. The newly negotiated gross charter rate stands at US$12,500 per day, with a 5% commission applicable for third-party services. This extended agreement is set for a minimum duration of sixteen months, potentially extending up to nineteen months. The revised charter period is scheduled to commence on January 3, 2018. Currently, the m/v Leto is under an existing charter, as previously reported, at a gross rate of US$7,750 per day, also subject to a 5% commission for third-party fees.

A new charter has been successfully negotiated for a vessel in Dely, North China, effective December 30. The contract is valued at $7,750 per day and spans a duration of 9 to 13 months, with Glencore as the designated trading partner. This development marks a significant milestone in regional maritime operations, reinforcing Glencore's commitment to expanding its trading capabilities in the North China area.