Shipper charters vessel for free on freight slump
Published: Thursday, 09 February 2012
Baltic Dry Index finds bottom as some vessel owners lease ships for nothing
The cost of sea-borne dry bulk transportation finally steadied
this week after rates fell nearly 85% in two months.
Rates had become so dire, shippers even allowed vessels to
chartered for nothing, and helped paid for fuel. This
indicated the market had found the bottom and that ship