Diana Shipping will continue chartering one of its panamaxes to Glencore Agriculture for at least another 14 months at a lower rate that is still above the market average.
The Semiramis Paliou-led owner of bulkers has signed a time charter with the trader for 77,525-dwt Crystalia (built 2014) up until at least June next year at $8,750 per day.
Diana, which previously fixed the ship to Glencore for one year at $10,000 per day, expects to make $3.49m
