Goodbye to TMT

Ahoy There!
Top & Bottom 5 Day: DRYS +13.83%, EXM +9.27%, SBLK +8.21% >>>
SB +1.42%, DSX -0.21%, SHIP -2.43%. The way things have been lately, we sometimes forget what kind of numbers DRYS can put up, albeit when it moves. This company can be a momentum traders dream. The daily volume DryShips Inc. gets on the electronic exchange (NASDAQ) makes you wonder about why others have bothered with changing exchanges. Did anyone other than Boomer James notice TBSI is not listed as a laggard this week? Possible Bottom Feeders Alert ???

The Baltic Numbers Friday to Friday:
BDI @2495 -6.83%, BCI @3994 -6.28%, BPI @2304 -4.39%, BSI @1628 -6.97%, BHSI @856 -4.57%. The end of the week Panamax fixtures helped buffer the pain as the BCI crossed below the 4000 level. The narrowing of the Cape/Panamax ratio is coming at the expense of the bigger vessel. Wishful thinking had hoped the Pmaxers would gain, not just lose less than their bigger sisters.

Dry Bulk Fixtures Thursday to Thursday: Coal =9, Ore =15, Grain =1, Bauxite =1, T/C =101, Period =14, total =141. The coal requirements from TAIPOWER helped immensely at the end of the report period. Speaking of coal, are US exports rising? Ski spotted a Capesize fix loading Baltimore to Korea and a Panamax loading Norfolk to India. The weekly fixtures were populated utilizing the following vessel types. Capes =29, PPmax =2, Kmax =7, Pmax =57, Smax =39, Hmax =5, Hsize =1, Bulkers =1. On the last day of the report 25 Pmaxes were fixed saving grace.

Familiar Vessels: These vessels where involved in fixtures during the week. STX Champion, Baltic Jaguar, Navios Lumen, Genco London.

Note: This will probably be the last weekly report we (Boomer James, Dodger and myself) post on this best in class blog. I have enjoyed coexisting with the tanker folks here at TMT, but cannot offer the amount or quality of information required to fill the void created when we lost our senior editor’s participation. The annalist community has ignored my pleas for access to their reports & data, and without that connection I have not enough to offer the daily TMT readers. I wish you all the best and of course “Good Fortunes” with your investments.
Ski