Figure rumoured to me was $165,000 per day per ship for a five year period. Compares to current day rates of less than $10,000 per day.
Don't know how many shipping days that would entail per annum (200?), or how many ships (3?), but there has to be a little bit of flexibility in there some where.
However moving from delivery China to FOB is more than a little 'flexibility'-there must be some serious pain in there somewhere and it will not be just the shipowners squeeling. There will be substantial hurt to FMG somewhere in this.
Cheers,TAS
shipping contracts update, page-5
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