"It’s a real nightmare. It’s shocking how weak the market has become."
Jens Ismar of Western Bulk explains why his company decided to sell its chartering division to Christen Sveaas.
Sveaas steps in to buy back WB Chartering
"We have to work further on [the newbuilding] because if the market continues like this, it will be suicide to take another ship out."
Age Remoy has probably chosen a good time to retire from Rem Offshore before being forced to take any extreme decisions.
