Louis-Dreyfus Armateurs (LDA) is planning to withdraw from the capesize sector to focus on smaller ship sizes he considers less risky.

“We’ve been in capesizes for a long time and we now believe that it’s time to slowly, reasonably, get out,” LDA chairman Pierre Louis-Dreyfus said during a panel discussion at a Capital Link conference right before the opening of Posidonia.

“Capesizes are getting more and more dangerous,” Louis-Dreyfus said, explaining that this segment is becoming dependent on ever fewer cargo providers and shipping companies enjoying special links with them.