Diana Shipping continues to work with Koch Shipping, having penned its third fixture this year with the Singaporean charterer.

New York-listed Diana has entered into a time charter contract with Koch Shipping for one of its capesizes at $15,000 per day for about 19 to 22 months, begun Sunday.

The 177,243 dwt Baltimore (built 2005) is expected to earn approximately $8.33m