Diana Shipping says it has entered into a short-term time charter contract for one of its panamax bulkers as rates remain flat.

Glencore's ST Shipping will take the 75,403-dwt Maera (built 2013) for a term lasting between seven and nine months.

ST Shipping will pay a gross rate of $11,750 per day, less a 5% commission. The charter began 4 July.