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 new deal amounts to a more than 40% reduction in the charter rate but appears in a better light against the current spot market panamax bulker rate of about $4,720 a day.
The charter extension begins on 13 April.
The Atalandi deal follows an extended charter deal between Diana and Glencore Grain for the 73,630 dwt bulker Protefs(built 2004) announced earlier this week.
The Protefs was hired at $6,250 a day minus a 5% commission paid to third parties for a minimum of 11 months and a maximum of 14 months.
This was also a big reduction on the previous rate of $9,000 a day.
Simeon Palios led Diana has ten panamaxes – half its fleet in this size category – fixed to Glencore at rates from $15,800 a day down to the rates set in this week’s deals..
The company’s total fleet runs to 40 vessels including 12 capesizes.
