Dry Bits Week #2

Ahoy There!
Top & Bottom 5 Day: NM @5.53 +2.59%, SHIP @.94 + 2.17%, TBSI @3.78 +1.61% >>>
GNK @14.29 -4.15%, FREE @3.62% -4.23%, BALT @10.24 -5.88%. The equities had a mostly dull week with Peter Pan’s spot operation (BALT) taking the laggard billet for the sector again, dropping over 5%. Boomer James has closed his bottom feeder position with TBSI thinking the small wave lost steam.

The Baltics: BDI 1439 -5.26%, BCI 1595 -14.47%, BPI 1923 -0.67%,
BSI 1393 +3.87%, BHSI 765 -0.64%. The big ladies lose another ~15% during the week.
Spot 4 TCE Average Earnings
Capesize spot=$9,692 daily … 77% drop from this day last year!
Pmax spot =$15,341daily
Supra’s spot $14,570 daily

The Fixtures: Ore =14, Coal =5, HSS =1, Corn =1, T/C =105, Period =18, Total =144. The folks watching EGLE will probably want to have a look at why they chartered in the 75,000dwt Panamax named Barito to haul coal from DAVANT >>AMSTERDAM. Without looking I will say this is often covering of a COA.

The Vessels: Capes =29, PPmax =7, Kmax =8, Pmax =65, Smax =28, Hmax =2,
Hsize =3, Bulkers =2, Total =144. We cannot recall seeing this many Post Panamax vessels fixed during a single week.
The volume of Capesize fixtures (29) is the most seen in a while as they took all but 1 of the 14 listed ore fixtures.

Familiar Vessels: Navios Pollux, Baltic Jaguar, Navios Aurora,
Newlead Esmerelda, SOLIDARNOSC. POLACKO all the way…

Ski Notes: This report was somewhat impaired by our weak effort this weekend… we enjoyed watching the NFL playoffs instead.
Go Bears!