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Freight rates are governed by numerous factors, and the complex correlation between the variables makes it difficult to forecast future levels. Risk averse clients often prefer to enter into a period charter, eg: time charter (t/c), bare boat (b/b), profit share or COA rather than trading in the open spot market where the risk is too high, leaving them unguarded. T/c or b/b agreements help the shipowner to plan his/her loan repayment period and other financial commitments.
At ALIBRA we strive to bring our unique dimension to ship broking. By encouraging ship owners and charterers to enter a tailor made agreement that accommodates both their needs, each can then mutually benefit from the dynamic market in the long run. This can be achieved in various ways, such as a mixture of profit sharing formulas, index related or at fixed hire rate/s.
Tanker Chartering
Global energy demand lately has gone through a significant change. The ever increasing size of the global tanker fleet has further contributed to the already highly volatile oil market. Many clients prefer to trade in the period market rather than the volatile spot market to reduce chances of loss during the market downturn and give steady revenue. Unfortunately, we do recognize that today's depressed charter rates make these decisions more difficult. In this light, ALIBRA works with its clients to both understand and determine the best mix for their fleets. Period fixtures, even at today's levels, can still often provide the benefits of an ongoing, steady and known stream of income. ALIBRA not only offers private opportunities but experienced and informed advice, which becomes all the more valuable in these challenged times.
Dry Chartering
The steep decline of freight rates in the dry bulk sector has drawn special attention in this segment. The fear of the future rates sliding further, accompanied by high global supply and low demand in this sector has encouraged many clients to enter into period charter agreements to provide long term, steady hire. At the same time, optimism for improvement drives other owners to opt to remain in the spot trade. With up to the minute market information and specialists in the dry arena, ALIBRA is always able to assist clients to decide which trade is best for their vessels.
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