XO Shippings does not own or lease vessels on long contracts. Yet, the dry bulk carrier still feels the effect of competitors recently becoming more optimistic and expanding the fleet too much in recent years.
While the Danish bulk company managed to make USD 4.1 million in 2015, it would be preferable to have a slightly better balance between supply and demand on the dry bulk market.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app