Ahoy There!
Top & Bottom 5 Day: TBSI @3.89 +12.75%, EXM @5.03 +7.70%, NM @5.19 +6.57% >>>
SBLK @2.50 -3.84%, FREE @3.18 -8.88%, SHIP @0.78 -14.28%. The 30 day chart on TBSI shows a +29.67% gain. Our resident wanna be momentum trader (Boomer James) only caught ~ half of that action. Perhaps that will stifle his smugness.
The Baltics: BDI @1043 -8.26%, BCI @1299 -16.51%, BPI @1348 +0.82%,
BSI @1090 -9.84%, BHSI @ 643 -10.94%. The bad news is we will not see 18 coal fixtures next week. That surge in coal fixture activity supported the BPI, and without that support…
The Fixtures: Ore =6, Coal =18, Grain =1, T/C =68, Period =12, Total =105. Our favorite coal consumer TAIPOWER hit the refill button this week. The Pmax and Kmax fleet services the giant electricity producer located in Taiwan. There must be some port restriction or something that prevents them from fixing Capes. Boomer James will check on it.
The Vessels: VLOC =0, Capes =17, Post P =1, Kmax =12, Pmax =49,
Smax =21, Hmax =1, Hsize =3, Bulkers<30K =1, Total =105. 4 week average was 131 vessels per week, so this was not a good week for the numbers.
Familiar Vessels: Torm Island, Thetis, Genco Ardennes.
Ski Notes: Holders of EGLE may find interest in the company has chartered a 1998 Panamax named “Ribbon” hauling a load of coal from Richards Bay> Kelang for $10,000 daily, plus a $315,000 bonus. Humm!
Good Fortunes
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