Tuesday, April 10, 2012

Diana fixes Pax.

Diana Shipping of Greece has secured employment for a panamax bulker it purchased for $20.7m only recently.

The New York-listed owner says an affiliate of South Korea’s STX Pan Ocean locked in the 76,200-dwt Mining Star (built 2005), which will be renamed Melia.

The charter continues for 11 to 14 months at a rate of $10,900 per day less a 5% commission paid to third parties.

The contract, which could be worth more than $4.5m before deductions if the charterer sticks it out for the maximum duration, is expected to commence when the vessel changes hands later this month.

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