Increase Demand for Handysize
Dane bags COAs
Norden has scooped a contract of affreightment (COA) double of up to 15 years for its smaller bulkers but is remaining mum on the contract values.
The Dane is also unwilling to disclose the charterer behind the massive handysize contract although a Filipino outfit has been revealed as the long-term charterer of handymax tonnage.
http://www.tradewinds.no/drycargo/article550274.ece
Ion signed contracts at the peak of the BDI for handysize in the spot market, increase scrapping in size sector without an increase in production of handysize vessels is great news fur FREE. BDI overall may be down, but FREE is going up on increase demand and decreased supply and capital improvements.