Cargill has chartered the 81,300 dwt Leto (built 2010) on an 11 to 14 month contract.
The rate of $11,350 daily is slightly down on its previous period charter with EdF but comfortably ahead of the $4,825 daily available in the spot market today.
Diana says the deal will be worth at least $3.7m to its top line.
The rate also compares well with other panamax period deals this week.
