Diana Shipping has fixed a post-panamax bulker to Al Ghurair Resources for a year at a rate in line with the market.

The Simeon Palios-led shipowner has entered into a time charter contract with the UAE-based company for 98,704 dwt Polymnia (built 2012) at $14,500 per day, for 12 to 14 months.

The charter is expected to make about $5.22m