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
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