Greek dry bulk owner has fixed another Panamax vessel to Ukranian outfit Phaethon International Company, its second time charter to the company this week.

Phaethon has taken 2013-built Ismene on charter for a period of 13-15 months at a rate of $10,800 per day. The vessel, which will commence the charter on January 11, was previously on charter to Koch Shipping at $12,125 per day.

Diana says the charter will generate around $4.21m of gross revenue based on the minimum time charter period.

Earlier this week, Diana fixed the 2001-built panamax bulker Oceanis to Phaethon for 12-14 months at $9,200 per day.

Denmark’s Norden has announced the sale of a handysize tanker as well as the acquisition of two MR tankers.

Norden says the handysize was sold and delivered to its new owners in late November 2019 while the two MR tankers have come into its fleet at the end of December. The company did not identify the vessel sold, or those brought in, although VesselsValues show the two vessels brought in were the 2011-built MR2 tanker pair Himalaya and Andes from Donnelly Tanker Management en bloc for $43m.

The outgoing vessel is likely the 2014-built Nord Gardenia, which VesselsValue shows sold to an unnamed party for $24.25m.

Evangelos Pistiolis led product tanker owner Top Ships has announced the sale of the two MR1 product tankers in its fleet.

The 39,200 DWT Eco Fleet (built 2015) and Eco Revolution (2016) were sold to unaffiliated third parties. Top Ships said that deliveries to the new owners are scheduled in January 2020, but did not reveal any further information.

According to VesselsValue, Eco Fleet has a market value of $28.51m and Eco Revolution $26.37m.

The sale will leave Top Ships with a fleet of four vessels, all MR2 product tankers, on the water. The company also has three newbuild MR2s set for imminent delivery from Hyundai Mipo.

Greek dry bulker owner Diana Shipping Inc. has signed a Memorandum of Agreement to sell the 2005-built vessel Calipso to an unnamed third party.

As disclosed, the ship is sold for USD 7.275 million before commissions, and it is scheduled for delivery to the buyer latest by January 30, 2020.

Calipso is a 73,700 DWT Panamax bulk carrier, disposing 90,624 in cm3 and build by Shanghai Jiangnan Changxing Shipbuilding from China. According to the data from VesselsValue, the ship is on time charter with the Hong Kong-based Crystal Sea until the end of December 2019. The two-month charter is set at USD 15,400 per day.

Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 41 dry bulk vessels, including 4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 13 Panamax.

Greek dry bulk owner Diana Shipping has sealed an agreement to sell 2005-built Panamax bulk carrier Calipso for $7.275m.

The vessel, which is valued at $8m by VesselsValue, is scheduled to be delivered to the unnamed buyer by the end of January.

Diana Shipping has been consistently selling off its Panamaxes for over a year, the Calipso the ninth Panamax bulker to go since last November.

Greek owner Spring Marine has taken over the 2008-built 47,500 DWT MR tanker Freja Baltic from Japanese owner Fukujin Kisen.

Both Seasure Shipbroking and Advance Shipping & Trading report that the Onomichi-built vessel has been sold to Spring Marine for a price of $16m, significantly higher than VesselsValue’s valuation of $14.53m. The vessel is currently under a charter contract with Italian shipping company D’Amico until August 30, 2020.

Spring Marine owns a fleet of 11 vessels made up of four bulk carriers and seven tankers.

Velos Tankers, set up by Paschalis Diamantides, has continued to pick up vessels in the secondhand market at pace since making its first acquisition in August.

According to multiple brokers, Velos has acquired 2007-built LR1 Grace Victoria from Japan’s MOL for a price of $15.25m. The price is slightly above the VesselsValue market value of $14.7m.

Velos has been busy growing its tanker fleet since debuting in August and currently has four vessels in its fleet. The Grace Victoria is its second deal with MOL, having acquired sister vessel Breezy Victoria (renamed Velos Ruby) in August for $13.5m.

John Fredriksen’s Flex LNG has entered into a time charter with Spain’s Endesa for a 2018-built (Samsung) LNG carrier, Flex Ranger.

The charter is for one year and it will commence in June 2020 after the expiry of an existing charter with Endesa’s parent company Enel. Endesa also has a one-year extension option available.

Greek dry bulk owner Diana Shipping has sealed a new time charter with Singapore’s Pacbulk Shipping for the 2015-built Capesize vessel Santa Barbara.

The contract commences on December 27 and is for a period of 12-14 months at a rate of $17,250 per day. The vessel was previously on charter to Cargill at $20,250 per day.

Diana Shipping says the charter will generate $6.21m revenue based on the minimum time charter period.

Victor Resits led Enterprises Shipping and Trading (EST) has added to its fleet with the acquisition of a Capesize vessel from Germany’s Orion Bulkers, according to brokers.

Seasure Shipbroking and Advanced Shipping & Trading are both reporting that EST has paid $23m for the 2012-built (SWS) Capesize Gotia.

The price is substantially lower than the $24.72m market value according to VesselsValue, possibly due to the vessel having a survey due in April.

Upon completion of the deal, EST will have grown its Capesize fleet to ten while Orion will be left with two Capesizes in a fleet of 19 bulk carriers.