Norden has hired a Supramax vessel at no cost other than fuel charges, its first such transaction in a quarter century. It will haul a cargo of gypsum, used to make plasterboard, to the U.S. East Coast, Maritime Danmark reports.
The carrier is currently off the Spanish coast, Jens Peter Skaarup, a spokesman for Norden told Bloomberg in an e-mail on Friday.
Operators of the global dry-bulk fleet of more than 8,900 ships are accepting unprofitable charters amid a glut of vessels, even as global trade in commodities expands to a record.
Earnings for Supramaxes trading in the Atlantic region “went from bad to worse,” the Baltic Exchange said in a reported to its members Friday. Supramaxes fell for a 47th consecutive day, their longest-ever losing streak, dropping 2 percent to $6,353, a three-year low.
The carrier is currently off the Spanish coast, Jens Peter Skaarup, a spokesman for Norden told Bloomberg in an e-mail on Friday.
Operators of the global dry-bulk fleet of more than 8,900 ships are accepting unprofitable charters amid a glut of vessels, even as global trade in commodities expands to a record.
Earnings for Supramaxes trading in the Atlantic region “went from bad to worse,” the Baltic Exchange said in a reported to its members Friday. Supramaxes fell for a 47th consecutive day, their longest-ever losing streak, dropping 2 percent to $6,353, a three-year low.