Diana Shipping is set to make a few million more dollars off one of its post-panamaxes following a contract extension.

Uniper Global Commodities has added at least another 11 months to its contract for the 87,150 dwt Electra (built 2013).

Diana Shipping expects to make at least another $4.4m off the prolonged deal.

The charter extension, priced at $13,500 per day, began 19 October and will remain in effect into next year from at least 15 September and possibly through 15 December.