Consolidation in the breakbulk and projects cargo market is continuing with the partnership of Germany's BBC Chartering and US-based Seaboard Marine.
The two partners are coming together in a vessel-sharing agreement on the trades between the US Gulf and the west coast of South America (WCSA).
Consolidation is good if you have a good structure. If you don’t have a structure or the right set up, it’s going to be difficult
Initially, the companies will operate a single string of five multipurpose (MPP) tweendecker vessels of between 17,000 dwt and 25,000 dwt.
