"The yard would not have accepted defective dollars from us for a good ship, and we will not pay good dollars for a defective ship.”
Fighting talk from Precious Shipping’s Khalid Hashim as he battles Sainty Marine for a big reduction in the price of bunker thirsty ultramax newbuildings.
(Precious urges Sainty to cut price of last 10 in bulker series)
“The glass looks more than half full to me, with VLCC rates in the $30,000 to $40,000 level in the weakest period seasonally and positive industry fundamentals in the near term.
