Top & Bottom: TBSI @3.15 +10.52%, FREE @3.93 +7.37%, SB @8.66 +4.58% >>> EGLE @4.89 -2.58%, SHIP @.932 -8.62%, GLBS @9.78 -18.5%. The top dog this week TBSI was a no brainer after setting a Dry Bits record free fall when they announced they decided to not pay any bills for a while. Boomer James has a disturbing (and annoying) smile pasted to his “pie hole” suggesting he is making some money. Our weekly Laggard Globus Maritime Limited (GLBS) took some serious lumps. Not sure what’s down with that!
The Baltics: BDI @1795 -10.2%, BCI @2440 -10.39%, BPI @1873 -8.05%, BSI @ 1539 -4.58%, BHSI @ 835 -0.47%. This year’s low BDI of 1700 may be tested after Christmas. Refer to Boomers late night BDI low summary post. Below 1700 the BDI archive will record another yearly low BDI occurring in December.
The Fixtures: Ore =16, Coal =3, HSS =1, Wheat =1, Scrap =1, T/C =75, Period =12 total =109. The ore matched last weeks volume and although some Scrap, HSS, and South American Wheat fixtures came to life, they were not enough to offset the drop from last weeks more impressive fixture count of 135. A 19% drop in weekly fixture volume helps set up the descending Baltic we have witnessed.
The Vessels: Capes =24, PPmax =1, Kmax =5, Pmax = 47, Smax =23, Hmax =4, Hsize =3, Bulkers <30K =2, total =109. ….really one of these Capes is a VLOC.
Familiar Vessels: Navios Cielo, Navios Hope, Nirefs, Star Delta, Torm Island, Star Epsilon, Dione, Navios Bonheur, Torm Anholt.
Ski Notes: We spotted a fixture loading 250,000 dwt iron ore on a vessel tbn traveling Saldanha Bay >>Qingdao chartered by KUMBA. This was counted in our report as an “ore chore” capesize fixture because Dry Bits has not yet begun considering the VLOC class. We will discuss that implication in the future. Btw this load port is in South Africa and is described as the safest, deepest and hobbitually (as in hobbit like) coolest port in all Africa. No Surf ???
Also our friends at Capital Link Shipping erroneously indicated a 27.20% drop in the BDI so Ski used the reported BDI of 1795@DryShips website.
Good Fortunes
Ski
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