New York-listed Paragon’s vessels have an average of just six months remaining on charters but it is waiting to fix amid hope of catching an upturn next year.
Robert Perri, CFO of the bulker owner, says the focus is on employing re-delivered vessels on short-term time charters.
“Unless we see an upturn in the market, we will continue to operate these vessels on a short-term basis,” he said during a conference call this week.
Perri
