The Onassis group's Olympic Shipping & Management put a kamsarmax bulker into a period charter for 10 to 15 months.

Quadra Commodities chartered the 84,100-dwt Olympic Glory (built 2011) for $6,050 per day.

The deal could bring in a total of $1.8m to $2.72m.

The charter rate represents a 22% premium over today's average panamax time-charter equivalent rate in the spot market, according to data from the Baltic Exchange.

But