Norwegian Odfjell Tankers, headed by Chief Executive Kristian Mørch, reduced its number of long-term contracts in the latest quarter to 50 percent, according to an investor presentation published today by Odfjell, which, beyond the carrier, also consists of the company Odfjell Terminals.
Since the beginning of 2017, contract agreements have comprised between 55 and 61 percent of the shipping company's business but are now reduced to precisely half, where Odfjell expects the level to remain stable in the future.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.