Operators are seizing opportunities to fix kamsarmax bulkers on cheaply priced period contracts while spot rates take a seasonal bath.

Seven vessels have been reported fixed on period contracts over the past week.

On Tuesday, Danish owner-operator Norden reportedly booked Transocean Maritime’s 81,118-dwt Antares (built 2015) for five to seven months at $23,500 per day.

But when the vessel delivers in China on Friday, Norden will be paying around $3,000 per day less than what it might have paid, if had it fixed the ship three weeks ago.