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Phaethon Takes Diana Panamax on Timecharter

Maritime Activity Reports, Inc.

May 23, 2016

 Phaethon International has chartered a panamax bulk carrier Which is owned by the Greek shipping Diana Shipping on for up to eight months with a daily rate of US $ 5,250, according to the Baltic Exchange data.

 
Coronis (74,381 dwt, built 2006) will deliver to the charterer in Donguan in southern China between May 25-30 and may be redelivered up to a maximum of February 18, 2017.
 
The daily rate is a 24% discount on what Coronis was earning during its previous employment with Sandgate Maritime.
 
The charterer booked the vessel in July 2015 at a gross rate of $6,500 per day, which terminated when Sandgate redelivered the vessel slightly earlier than scheduled on March 19 this year, rather than April 3.
 

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