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Diana Shipping announced a time charter for the Panamax vessel Leto with Cargill at $9,000 per day, running from late May 2020 to mid-2021. The company operates a fleet of 41 dry bulk vessels.
A single fixture at $9,000 per day signals Panamax rates still well above recent lows, a modest support for grain freight costs, but it is a company-specific deal rather than a market-wide shift.
einpresswire.comMay 18, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
