Diana fixes capesize bulker for 16 months at above-market rate

Diana Shipping has chartered a capesize bulker for more than a year at a daily rate that beats market assessments.

The New York-listed owner has fixed the 177,773-dwt New York (built 2010) for 16 to 18 months at $16,000 per day to SwissMarine. The charter is expected to begin on Sunday and make $7.54m in revenue for the minimum period of the fixture.