Dry Bits Weekly Review

Ahoy There!
Top & Bottom 5 Day: DRYS +14.92%, EGLE +2.41%, TBSI +2.30% >>>
NMM -4.00%, GNK -4.24%, SB -6.30%. The Uncle George team (DRYS) scores with its rig gigs, while a couple non capesize operators fair better than the rest. Hum? The laggard board this week is populated by some well respected players. I do better at the office football pool picking games than I do at forecasting the Dry Bits 5 Day. I did predict the “bottom feeder” syndrome would drive the Tweendecker operator to be a leader. Speaking of football. When Royce moved the company (TBSI) to Ireland, I thought of NFL owners Al Davis and fellow spank Art Modell. Both of them sporty fellows have needed to employ body guards ever since they uprooted a great deal more than just the company they moved.

The Baltics: BDI @2313 -7.29%, BCI @3612 -9.56%, BPI @2365 +2.64%,
BSI @1516 -6.87%, BHSI @833 -2.68%. Without the Pmax Girls picking up a bunch of fresh coal, this week would have been an entire bummer. The amount of ore loads does not convey the slowdown I have been reading about. +30 is cool, 28 is close.

Dry Fixtures Thursday to Thursday: Coal =3, Ore =28, HSS =1, T/C =107, Period =19, total 158.
Vessel Tally: Capes =35, PP =4, Kmax =7, Pmax =61, Smax =30, Hmax =8
Hsize =3, Bulkers =10. When we look at the ore fixtures for the last four weeks we calculate an average of 17.25 fixtures per week. The 28 ore chores listed this week is a significant rise (62%) over the mean. Keep in mind there are many fixtures listed as T/C that are hauling listed commodities, but until someone explains why this occurs, Ski reports the fixtures as recorded. This probably accounts for the sometimes large disparity reported by other market observers such as Jeffery Landsberg & John Cotzias. It is fair to say they have better access to data than this author, and the numbers they report are to be considered superior. Perhaps this disparity is why they choose to remove me from their private mailing lists. :)

Familiar Vessels: The following vessels were mentioned in the daily fixture reports. Navios Herakles, Genco Hadrian, Genco Muse, Newlead Victoria, Navios Hyperion, Genco Augustus, Zozco Shaoxing, Torm Island, Navios Titan.

Good Fortunes
Ski