Danish bulker giant Norden has signed a fresh charter to keep hold of the only panamax bulker in the fleet of Greek owner Fundador Naviera, brokers say.

Norden has fixed the 75,000-dwt Sasebo Ace (built 2011) for 12 to 14 months, the Baltic Exchange reports.

A rate of $13,250 per day is above the $13,000 per day Norden was previously reported to be paying for the ship.