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Bulker |
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Bulk´er
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During the year, bulkship charter and shipping rates weakened somewhat, including rates for Capesize bulkers and VLCC's, but these declines, as well as the impact of highr fuel costs, were offset to post another record year by leveraging a number of strengths. What changed was a recommitment (by companies such as Canada Steamship Lines) to the (grain) bulker business, and their timing fit well with the misfortune of the Windoc. The Company further announced that it has signed contracts to sell its two small coastal bulkers, Bay Trader and Link Trader. |
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