Saturday, November 27, 2010

Dry Bits Weekly


Ahoy There!
Top & Bottom 5 Day: BALT @12.20 +0.49%, NMM @18.55 -0.53%, GNK @15.08 -2.52% >>>
EXM @5.60 -6.66%, NM @5.25 -6.74%, TBSI @3.94 -7.29%. The leader board being populated with only one company showing a gain for the week says it all. The laggards of our beloved bulkers may as well have been a roll call of the entire lot. Tough week for all our equities, yet the Baltic held.

The Baltics:
BDI @2170 +0.27%, BCI @3233 -7.52%, BPI @2330 +12.94%,
BSI @1486 +3.84%, BHSI @788 -0.88%. The Panasisters carry the broader BDI, offsetting the Capesize declines. It was good to see the Supra’s get some mojo.

Dry Fixtures: Huge improvement in fixture volume showing a total of 147 fixtures considering last week rang up only 110. The coal fixtures fell off the pace from last weeks 9 down to only a couple (2) this week. There must be a bunch buried in the T/C grouping. The Cape fixes reported back to back weekly employment of 23 vessels. This is traditionally kind of low for the big girls. Thursday to Thursday results,
Ore =17, Coal =2, Soy Meal =1, Ferts. =1, T/C =109, Period =17, Total =147.
The fixtures were distributed as follows.
Capes =23, PPmax =1, Kmax =7, Pmax =61, Smax =37, Hmax = 7, Hsize = 7, Bulkers =4.

Familiar Vessels: Navios Hope, Genco Raptor, Genco Picardi, Navios Star, Newlead Markela.Good Fortunes
Ski

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