Diana Shipping has continued a long-term charter with Uniper Global Commodities, albeit at a lower rate.

The Semiramis Paliou-led owner of 41 dry bulk vessels has entered into another time charter contract with Uniper for the 87,146-dwt post-panamax Phaidra (built 2013).

Staring from 29 May, the extended fixture is for 11 to 14 months at $9,400 per day. Diana Shipping expects to make at least $3.1m