Charterers should see the benefit of paying above market rates for quality

I came across an interesting read in a recent issue of TradeWinds. Let me quote from the article so that you can see what piqued my interest.

BHP Billiton’s Rashpal Bhatti, vice-president marketing freight, expresses concern that low rates, while beneficial to BHP Billiton’s bottom line, come with a substantial risk.

“If yields don’t allow for investment in maintenance and safety, it means that we don’t know what we are chartering and what will happen out at sea,” he said.

Bhatti