donkey might not remain cheaper than ships for ever

Let’s put down a nice number for today’s report :

$3.00/mt for 30’000mt of iron ore from Yuzhny (with free da’s) to Eregli(which is about 1 day at sea).

(let’s assume it’s very fast terms at load/disch, but still $3.00 only, on such biz owners will have to think like the coaster ships. Bad timing and the ship spend 2 week-ends with time not counting if it’s fix SSHEX bends)

To make a short market comment : dear owners take a breath

And as if our industry would need it, as mentionned by BMTI, it’s getting more and more legally complex to scrap ships.



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