Dry Bulk Weekly Review

Ahoy There!

Top & Bottom 5 Day:  DSX 12.70 +4.87%, GNK 15.74 +2.74%, BALT 11.38 +2.61% >>>NM 5.51 -1.25%, SBLK 2.87 -1.37%, SHIP .985 -7.08%.  It came as a surprise that (SHIP) was our laggard this week considering they had announced the completion of two ongoing acquisitions.  In another twist of logic, the newbie spinoff from Peter G (BALT) whose vessels work the spot market is among the leaders as rates decay!

The Baltic Numbers week/week:

BDI @ 2444 - 8.59%

BCI @ 3121 -10.34%

BPI @ 2719 - 7.13%

BSI @ 1879 - 6.61%

BHSI @ 1069 -1.47%

Dry Fixtures:  Coal =8, Ore =15, T/C =83, Period =12, HSS =3 Total = 121.  For the millions of readers at home that wondered what in the heck is an “HSS Fixture” Ski reports heavy beans, soy and sorghum.   Cool beans!

Vessel Tally:  This is what type of vessel populated the week’s 121 reported fixtures. 

Capesize 120,000 > 300,000  =22        P Panamax 90,000 > 120,000 =5  Kamsarmax 80,000 > 85,000 =2

Panamax 60,000 > 80,000     =52          Supramax 50,000 > 60,000   =28  Handymax 40,000 > 50,000   =6

Handysize 30,000 > 40,000   = 2          Bulkers less than 30,000       =4    Total                              =121.

Familiar Vessels: 

The 2002 Supramax Navios Vector fixes Shanghai>China via indo @19,500/day CNR.  Another Supramax the Genco Britanny was taken period by Oldendorff  3-5 MOS  $21,000/day.  Inking a capesize relet the Navios Melodia is fixed to haul ore from Dampier over to Qingdao for Nobel Charters @10.25/ton.  One of the” tiny ladies” the bulker Free Hero just came off charter now fixed Tulza>India $19,500/day (an improvement of $1,500 daily over the last hire) by CNR.

Good Fortunes

Ski