Charterers will be soon looking to fix bulkers for periods of at least three years, the founder of New York-listed Safe Bulkers predicted on Thursday.
Polys Hajioannou, who is also Safe Bulkers’ chief executive, said the company keeps a considerable part of its fleet in the spot market in anticipation of such deals towards the end of the year.
“We are feeling that the market will improve in 2021,” Hajioannou told analysts in a conference call to discuss his company’s first-quarter results.
