Greek dry bulk owner Diana Shipping has sealed a time charter contract with Glencore’s ST Shipping and Transport for 2010-built Panamax bulker Selina.

The charter commenced this week and is for a period of 12-14 months at a rate of $11,000 per day. The vessel was previously on charter to Cargill at $4,750 per day.

Diana Shipping said the deal will generate around $3.96m based on the minimum time charter period.