Polys Hajioannou had to go as far as threaten to cut off certain charterers if they did not allow crew changes in the early days of the Covid-19 pandemic.

Detailing his experiences in fixing ships last spring during a Capital Link panel on the crew change crisis, the Safe Bulkers chief executive said on Tuesday that charterers sensed they had leverage in a weak dry cargo market.

They sought to impose clauses preventing old crews from getting off and new ones from getting on.