Just a thought bubble whilst despair and doom have taken over.
there will be a considerable increase in costs loading Ultramax vessels at the same time as Capesize.
Ultramax have 4 cranes which will require at least six crane drivers and up to 4 rousties per 12 hour shift x 2 equals an extra 20 stevedores per day.
Charter rates are higher.
Then there is a possibility of an extra to wage requirements plus barges.
Further dilution is an also serious possibility .
Cheerfull thought bubble!
Ann: 2022 Financial Statements, page-29
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