Trader Koch continues to be busy taking capesize tonnage on period charters, picking up two units from steel producer ArcelorMittal.

The 178,000-dwt AM Gijon (built 2011) has been fixed for 11 to 13 months at $15,000 per day, with a $600,000 ballast bonus.

The 180,000-dwt AM Port Cartier (built 2013) is reported fixed for the same period but at $17,750 per day.It