Operators forced to agree loss-making index-linked charters
Charterers impose their will on capesize vessel owners who are increasingly being ‘forced’ into consecutive voyage charters.
Vessel over capacity and volatile iron ore demand are strengthening the charterer’s hand.
“Shipowners who would have laughed in your face are now having to consider it,” one London-based broker said.
“You’re definitely seeing more of [these contracts] today.”
Consecutive voyage charters...
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