If you were waiting for BDI fixtures’ list to try to figure out how’s market moving, well get you have you answer. With a list of 8 fixtures done (putting aside the « recent » / « last week ») we can tell market has started to consider the « pause mode » and likely to be similar in the next remaining days of December.
BUT charterers being open on the market with same cargo(es) around since last week shall not, yet, celebrate and to the contrary stay focus on their fixing target and maybe shall consider moving on before being perceived as desperate.
Of course, charterers are never desperate, it’s only the brokers involved who are giving this sentiment, as the latters willing to fix the cargo before having to consider postponing their christmas break.
Don’t worry, if you don’t fix it with others, Pelagos will remain open the whole week and so next week, and we’ll be happy to help you if needed.