Subscribe to RSS feedShipowners shunning gulf over piracy fears
by
Michelle Wiese Bockmann, London
—
last modified
Jun 05, 2009 03:16 PM
SHIPOWNERS prepared to risk Gulf of Aden transits are negotiating “crazy” rates, as charterers report rising difficulties finding bulk carriers willing to take cargoes through pirate-infested shipping routes.
Bulk carriers fixed for these journeys in May have fetched rates nearly double those expected in the spot market for their size and condition.
“It’s crazy money if you think about it,” Imad El Kahi, from the dry cargo...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
