Gearbulk to renegotiate ship contracts with Japanese shipowners

Norwegian dry bulk carrier Gearbulk wants to renegotiate charter contract with Japanese shipowners after the coronavirus outbreak. "It is 'adapt quickly or die slowly'," says Chairman Kristian Jebsen.

Photo: Gearbulk

Norwegian dry bulk shipping company Gearbulk wants to renegotiate several contracts with Japanese shipowners.

The company needs to renegotiate a number of contracts that are currently not financially sustainable and hopes to lower the cost of these, reveals a statement published by Gearbulk Monday.

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