Bimco: Dry bulk shipowners' ability to negotiate will be crucial

It will be crucial for the dry bulk shipowners to negotiate fiercely with customers in a climate characterized by low rates and towering fuel prices, says analyst Peter Sand of Bimco.

Photo: Bimco

One element will be decisive for dry bulk shipowners and the development in the coming year: the ability to negotiate.

Prices on low-sulfur fuel have in the first weeks of the new year soared to new heights, that have come as a surprise to most stakeholders. This development puts added pressure on ships without scrubbers installed, as they are already struggling with a drastic dip in rates.

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