Diana Shipping is set for sharply reduced revenue from one of its capesize vessels, brokers say.

The 177,000-dwt Houston (built 2009) has reported been fixed by Koch Shipping for 14 to 17 months at $10,500 per day.

The ship is coming off a one year charter to Clearlake Shipping at $19,000 per day.

Diana could not be reached for immediate comment.