News / Insurance warning as bulk carriers rush to cash in by carrying containers

Taiwan’s Franbo Lines has joined a number of other bulk carrier owners hoping, amid tight boxship availability, eyeing lucrative charters to carry containers on their ships.

Franbo Lines’ vice general manager Lin Cheng-he told local media that out of its 18 bulk ships, five had container capacity and freight rates for containers remained much higher than for dry bulk.

Although the Baltic Dry Index is at an 11-year high, Mr Lin said Franbo could earn much more carrying containers from Asia to ...