Glencore Grain charterered MV Triton panamax

Diana Shipping, Nasdaq-quoted owner identified Glencore Grain as the charterer of the 75,300-dwt MV Triton (built 2001) for 14 months for $9,250 per day, less a 5% commission paid to third parties. Diana Shipping noted the bulker will generate more than $3m over the next 11 months. Prior to the fixture with Glencore the Triton was earning $11,000 per day in a deal backed by Bunge, which chartered vessel from Diana in late 2013.
There is fear the terms of the deal serve as evidence that owners don’t expect to a see a rally anytime soon. One observer noted a bulker with the same specifications as the Triton fetched $14,000 per day in the spot market Friday afternoon.