New York-listed Diana has fixed the 73,700-dwt Clio (built 2005) to Transgrain on a nine to 12 month deal.
In a statement to investors Diana said the contract was priced at $6,500 per day and would generate revenue of $1.75m.
This compares with the $9,259 per daily available in the spot market on Thursday.
With capesize rates also slipping back after a 10 day winning streak, the Baltic Dry Index fell to 1,102 points.
