“We all have to stick together,” said Bertram. “This is a joint crisis we are facing. Everybody’s affected. We have to sit together at a round table - and have to solve our problems together - and I am pretty sure that we will do so,” he added.
“Maybe it’s a bit difficult to obtain finance at the moment - but this crisis will not last forever and we simply have to overcome this for the next two or three years,” he said. He adds that his own ships have been financed and implies that the arrival of bigger ships may be to the detriment of smaller vessels operating on the same services with higher slot costs.
“This is now a challenging period. Returns are now unsustainably low. We cannot continue to be in business for the next 10 years if rate levels are where they are. That’s true,” he added. “But we’re well positioned to get through this for a certain period of time. The markets are cyclical and they will come back.”
We are convinced that in the medium to long term, the oil price will be north of where we are at the moment, so the need for efficiency will be ever rising,” said Erck. “We know that the charterers are still convinced of the concept,” he added.
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