Diana Shipping has chartered one of its capesizes to Oldendorff Carriers at a lower rate provided by the prior fixture to Berge Bulk Shipping.

The Simeon Palios-led bulker owner has entered into a time charter contract with Oldendorff for 174,186-dwt Sideris (built 2006) at $12,700 per day until 15 October, latest 31 December.

The charter is expected to commence on 8 March and anticipated to make about $2.76m