Greece's Diana Shipping has fixed one of its panamax bulkers on a short-term period charter as spot rates are at multi-year highs.

The strength of the spot market and bullish outlook has helped the New York-listed shipowner secure a period at 57% more than its previous employment.

But earlier this week, analysts underlined that Diana's long-standing focus on 100% period-charter coverage for its fleet could cause it to lose out...