Chief financial officer Birgitte Johansen tells TradeWinds the idea of lowering charter in rates is just one of a number of options on the table to trim costs.

Johansen says not all of the company's contracts are on fixed rates and discussions are in progress to see if a solution can be found.

Reach has vessels on charter from owners including Ostensjo Rederi, Eidesvik Offshore, Solstad Offshore.

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