US-listed Diana Shipping is set for a sharp increase in the rate for one of its capesize bulkers.

The 174,000-dwt Semirio (built 2007) has been fixed by Pacific Bulk of Hong Kong for 10 to 12 months at $20,050 per day, the company confirmed.

The employment is anticipated to generate approximately $6.02m of gross revenue for the minimum scheduled period of the time charter.