
Diana Shipping Inc, the NYSE-listed shipping company of the Palios family, secured a fare four times higher than the previous one.
The ship’s charter, which is expected to generate approximately US $ 5.04 million gross revenue for the minimum scheduled timeframe period, is indicative of the recent significant increase in the bulk cargo freight market.
It is pointed out that yesterday, Friday, the Baltic Dry Index (BDI), the main indicator of the bulk cargo freight market, closed at the 5,202 points levels it had seen since the spring of 2008.
According to Diana Shipping, it chartered to Olam International Limited, Singapore, the Baltimore dry cargo bulk carrier, a Capesize dry cargo ship, 177,243 dwt in 2005, with a gross fare of $ 56,000 per day, minus 4.75% commission paid to third parties, for a journey time of approximately 90 days. The fare started retroactively from 28 September 2021. The Baltimore m / v was previously chartered to Koch Shipping Pte. Ltd., Singapore, with a gross fare of $ 13,000 per day, minus a 5% commission paid to third parties.
The fleet of Diana Shipping Inc. currently consists of 36 dry cargo ships (4 Newcastlemax, 12 Capesize, 5 Post-Panamax, 5 Kamsarmax and 10 Panamax). The Company is also expected to receive a Kamsarmax dry cargo ship by the end of February 2022.


Latest News

Conference Tourism in Greece Targets €6-7BLN
Currently, the Greek conference tourism generates €2 billion in revenue, ranking 47th globally in terms of total turnover in the international conference industry

Greece 2nd Last in Employment Prospects in EU: ManpowerGroup Report
Contrary to the global average, Greece’s employment prospects are strongest in the consumer goods and services sector

Greece Returns to Markets Reopening 15- and 30-Year Bonds
Pricing of the new bonds is expected to be finalized today, March 13, with settlement anticipated on March 20

Research in Greece : Wasted Talent, Missed Opportunities
The symposium made one thing clear: Greece possesses the intellectual capital to compete globally, but without decisive policy reforms, its research potential will continue to be squandered.

Greek Education Ministry to Launch Free Audiobook App eVivlio
The eVivlio app offers free access to audiobooks by Greek and international authors, narrated by well-known actors.

Greece Emerges as a Top Destination for Luxury Real Estate
Greece’s appeal is driven by its competitive pricing compared to other luxury markets, such as the French and Italian Rivieras.

Greek Trade Deficit at €2.8 Billion in January: ELSTAT
The Greek trade deficit amounted to €2.8 billion in January, according to data from the Hellenic Statistical Authority (ELSTAT).

How to Buy Your First Home Tax Free In Greece
Greece's tax authority has compiled a guide addressing the most common questions regarding the transfer tax exemption for first-time home purchases.

Greece’s Inflation Eases to 2.5% in February, but Key Costs Still Soar
The data shows significant price increases in certain sectors, with hotels seeing a rise of 17.5%, air travel prices going up by 10.8%, rent rising by 9.9%, and health insurance premiums climbing by 7%.

Greek Tourism Booms with 6-7% Rise in Bookings This Season
Data from ITB Berlin highlights Crete and Rhodes as the top-performing destinations, maintaining their strong appeal among European travelers with double-digit booking increases.