Diana Shipping entered a two-year time charter on one of its capesize vessels as the market for that asset class remain at three-year highs.

The New York-listed bulker specialist says the charter contract with SwissMarine Services is for the 164,218-dwt Norfolk (built 2002).

The gross charter rate is $13,250 per day, minus a 5% commission, generating $8.35m in gross revenue.