Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Uniper Global Commodities for 2013-built post-Panamax bulker Phaidra.

The new charter commenced last week in direct continuation of the previous charter. Uniper has taken the vessel for 11 to 14 months at a rate of $9,400 per day, having previously been paying $10,800 per day.

The charter will generate around $3.1 million in revenue based on the minimum time charter period.