Phaethon Takes Diana Panamax on Timecharter
By Aiswarya Lakshmi
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.
