Iranian Ship Linked to Houthi Attacks Heads Home Amid Tensions
(Bloomberg) — An Iranian ship that’s been linked to Houthi attacks in the Red Sea is returning home, removing a prominent asset in the area as the Islamic Republic braces...
COPENHAGEN, Feb 19 (Reuters) – Danish shipping company D/S Norden has renegotiated charter agreements for nine vessels with their Japanese owners in reaction to record low dry bulk freight rates.
The company has made a one-off payment of $51.5 million in return for a reduction in future time-charter payments to $62 million in the next four years, saving it $10.5 million, it said in a statement on Thursday.
“We have similar time-charter contracts where we could renegotiate contracts,” Executive Vice President Martin Badsted told Reuters. (Reporting by Ole Mikkelsen; Editing by David Holmes)
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