An existing charter on the 77,500-dwt bulk carrier Atalandi(built 2014) is to be extended for 11 to 14 months.

But the gross charter rate is only $7,000 a day for the first 30 days and $8,000 a day thereafter with both rates subject to a 5% commission payable to third parties.

The Jiangnan built ice class panamax was previously fixed to Glencore for a similar period at $13,500 a day.

The