Coronavirus-related port costs hit Turkey petcoke spot trade

摘要

Delivered-Turkey petcoke spot trade could be hindered due to ongoing disagreements over liability for added coronavirus-related port costs on Turkey-bound vessels, which is slowing freight fixing activity for dry bulk carriers, sources said Wednesday. Multiple charterers and shipowners have begun to introduce additional clauses that look to move liability for extraordinary circumstances to counterparties and require payment for any additional costs or liabilities related to the pandemic. “No one will accept these clauses in current scenarios,” a US-based trader said. “Buyers buying from miners are also putting such clauses these days.”