Glencore will hire the 77,525-dwt Crystalia when it hits thewater next month, the Greek bulker owner announced today.
The Swiss-based trader is paying a daily rate of $15,800,minus a 5% commission, for the ice-class vessel for between 18 and 21 months.
Simeon Palios-led Diana estimates it will earn $8.5m ingross revenue for the minimum period of the contract.
Simultaneously, the New York-listed owner revealed it hassecured and already drawn down an $18m credit facility with Commonwealth Bankof Australia.
The proceeds will be used to partially finance the acquisitionof panamaxes Melite and Artemis delivered in January, 2010 and August, 2013,respectively.
In addition to the two panamax newbuildings to be deliveredduring the current quarter, Diana has a pair of 208,000-dwt vessels on order atChina’s Jiangnan Shipyard.
The newcastlemaxes were ordered in May at a cost $48.7m eachand are scheduled to hit the water in the second quarter of 2016.
Just last week Diana added a kamsarmax to its tally ofnewbuildings on order at Chinese yards.
Yangzhou Dayang Shipbuilding will hand over the82,000-dwt vessel in 2016 in return for a cheque for $29m.
As well as the five newbuildings, Diana has 36 bulk carriers in the water ranging from panamax to capesize.
