The easing in bulkcarrier
deliveries and the accelerated pace of demolition in recent years has seen bulkcarrier
fleet growth slow from a rapid 17 percent in 2010 to just over 2 percent in 2015.
As a dry and liquid bulkcarrier
, the company last year had a net income of almost pounds 25m.
The company acquired five TEU container ships and three Bulkcarrier
vessels through lease financing under the restructure scheme of the company.
As of November 1, 2009, the Company owned and operated one dry bulkcarrier
, one medium-range product/chemical tanker, one Panamax product tanker and five ore/bulk/oil combination carriers ("OBOs").
Since December 2006, the Company purchased a series of puts on the Panamax Bulkcarrier
Index for the average of four time charters, known as "PJAX4TC".