Reports / February 28 2016
The group’s conventional dry bulk operation3 consists of a few long term cargo contracts, owned and chartered vessels. The operation had an annualized activity level of 11 supramax vessels in 2015, consisting of a core fleet of 5 vessels on long term time-charter and 4 owned vessels, of which 2 were delivered in 2015. Given the state of the dry bulk market, Grieg Star has agreed to postpone the delivery of its last two newbuildings until 2016 and 2017.
