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)
(c) 2015 Thomson Reuters, All Rights Reserved
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CK Hutchison Holdings Ltd. warned of a deteriorating global business environment due to geopolitical and trade tensions, as the Hong Kong conglomerate reported weaker-than-expected profit while a ports sale plan faces uncertainty after infuriating Beijing.
The U.S. hit targets across Yemen in airstrikes overnight, including Saada province, which Yemeni sources say is a long-time hideout for Iran-aligned Houthi leaders, and the Red Sea port city of Hodeidah.
Israel ended the Hamas ceasefire with deadly airstrikes across Gaza, days after the US ordered an offensive against the Houthis in an escalation of hostilities against Iran-backed militant groups.
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