Diana Shipping locked one of its Newcastlemax bulkers into a fresh period contract as dry cargo rates continued to soften today.

New York-listed Diana also fixed out one of its panamaxes as analysts welcomed an upturn in scrapping activity this year.

SwissMarine of Geneva has taken the 206,100-dwt Los Angeles (built 2012), Diana told investors.

Diana will receive a rate 14% above the Baltic Capesize Index during the 13 to 15 month contract.

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