In such market charterers need to be somehow focused on what they want to do and hook up the right cheap ship quickly, eventhough the « cheap ship » is not really cheap but still cheaper than all others.
BDI’s down today mainly due to the Capers. Are capers taking a break due to the cyclone held in Australia and capes players willing to make sure first port material still up and running before fixing an expensive ship ?
Unfortunately, 1 caper less at sea this week-end, with the mv ‘Stellar Daisy’ which sank about 1,500nm away from Uruguay, 22 seafarers missing out of the 24. On going rescuing operations are still in force.
Very few fixtures reported in BDI today still an interesting report done here on arbitration case
finally if you’re still wondering what’s bdi about, in french a quick explanation here