The future is uncertain for the shipyard as the Greek Carras Group has cancelled two of eight cape-size units on order at Odense.
“We have been fully compensated for the orders”, explains Finn Buus Nielsen, CEO of Odense Steel Shipyard.
Carras Group has taken the necessary precautions towards the market for cape-size bulkcarriers. The market has fallen from more than USD 100,000 per day to below USD 10,000 per day.