Greek dry bulk owner Diana Shipping has fixed its 2013-built capesize on a new period charter with Glencore Freight, securing cover through at least late 2026.

The 2013-built P S Palios will earn a gross rate of $25,200 per day, less 5% commission, for a period running to November 15, 2026, with an option for Glencore to extend for two more months.

The new employment begins December 14, 2025, replacing the 179,134 dwt ship’s current fixture with Bohai Shipping, which started in May 2024 at $27,150 per day.

Diana Shipping said it expects the contract to generate around $8.34m in revenue for the minimum charter period.

The deal adds to a run of period activity by the Athens-based owner. Last week, Diana secured multi-year employment for two ultramaxes at slightly higher rates than their previous charters.