Diana Shipping is continuing its solid relationship with Koch Shipping, having fixed a third capesize bulker to the commodities trader.

On Wednesday, the Semiramis Paliou-led owner of 41 dry bulk vessels signed a deal with Koch to employ the 179,492-dwt GP Zafirakis (built 2014) for at least 16 months at $13,200 per day.

That rate is well above the weighted time-charter equivalent average for these ships, which are fetching $5,267 per day, according to the Baltic Exchange.