Cargill Strike Time Charter Deal

Cargill International of Geneva have agreed a time-charter deal with shipping line Diana Shipping Inc to charter one of the company's panamax vessels for a period of around twelve months, according to media reports.

The MV Calipso, a 73,691 dwt panamax dry bulk carrier built in 2005, is believed to have been chartered at the gross rate of $9,400/day for a period of between eleven and fourteen months beginning 24th Jan.

Daily panamax rates were around $50-60,000/day twelve months ago.