New York-listed Diana says the trader has chartered the 74,400-dwt Erato (built 2004) for between 11 and 14 months.

A rate of $7,100 daily has been placed on the contract, meaning revenue of $2.34m for the owner.

The rate is slightly less than the $8,000 daily Langlois Enterprises has been paying for the vessel for the past couple of months and also down on the $8,500 daily RWE had the ship on for last year.