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Dry Bulk Charter rates Coronavirus

Gearbulk renegotiates long-term charter rates with Japanese owners

Gearbulk, which controls a combined fleet of about 70 open hatch, as well as other specialised and conventional vessels is renegotiating term charter deals with Japanese shipowners amid grim dry bulk rates and the coronavirus outbreak

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The shipowner says the charter contracts made in earlier years are based on newbuilding prices and rates that are no longer sustainable going forward

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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