Ahoy There!
Top & Bottom 5 Day: DRYS +1.85%, SB +0.1%, OCNF 0.0%>>>
NM -6.1%, FREE -9.5%, SHIP -12.29%. The 30 day chart for DRYS indicates a whopping 29.97% gain in share price. The movement was ~based on the rig contracts and that alone makes any pure dry bulk comparison about worthless. It is a new dry bulk world now with pure players becoming obsolete. The public fleets that drag anchor on this may well see the light house after colliding with the rocks. Ski admits he did not like it (mixed fleets) at first, but now concedes the owners (and their broker’s) do more research than some might acknowledge. The weeks laggards (NM,FREE,SHIP)took some lumps for sure!
The Baltic Numbers: BDI -6.4%, BCI -3.2%, BPI -12.76%, BSI -5.6%, BHSI -4.56%. The big ladies put up at least some fight, mean while the Panasisters rolled over and gave it away! The Handysize index drops below 800 for the lowest level seen in over a year. The 800 was mentioned at Boomer James insistence because of the associated bad Karma that flows through him when the most significant digit of any Baltic indice changes downward.
Dry Fixtures Thursday to Thursday: The week shows 110 fixtures comparing miserably with last weeks 158. Looks like over half the Ore Chores disappeared (wow) comparing 11 verses 28. Anyhow …Coal =9, Ore =11, Corn =1, T/C =84, Period =5. The Period fixtures also went "stealth mode" (not visible) dropping volume to single digits not seen since the 3rd week of July. The commercial distinctions were as follows. Capesize 23, Post Panamx = 0, Kmax =9, Pmax =41, Smax =24, Hmax =5, Hsize =5, Bulkers under 30K=3. Readers are reminded that Ski does not report on the commodity laden vessels fixed under T/C. That detailed maritime scoop requires readers to contact professional observers like our friends at NCSC and Commodore Research. It could be said that they maintain superior maritime domain awareness, and part-timers like myself will probably not match.
Familiar Vessels: Navios Hios, Navios Sagittarius (fix for PGSC must have failed) Genco Thunder, Navios Altair, Free Jupiter,.
Good FortunesSki
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