ATHENS: Commodity trader Cargill has extended its charter of a Diana Shipping panamax bulk carrier by a further 15 to 18 months.
The Leto (81,297 dwt, built 2010) was fixed at a rate of $7,100 per day, minus 4.75% commission for third parties. The vessel was originally fixed in mid-July 2014 on a one-year timecharter to Cargill at a rate of $11,350 per day.
The NYSE-listed company expects the fixture to generate around $3.1m of gross revenue for the 15-month minimum period of the contract.
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