Diana Shipping has chartered one of its capesize vessels to Singaporean shipowner Berge Bulk.

The James Marshall-led company will take the 176,186-dwt Sideris GS (built 2006) until 15 December 2019 with the potential to extend the deal until 30 March 2020.

The deal is for $8,500 per day for the first month, reflecting the present soft market, before rising to $15,350 per day.