Dry Bits Week 7

Ahoy There!
Top & Bottom 5 Day: EXM +8.45%, NM +7.05%, BALT 6.41%, >>>
SB -1.71%, FREE -1.88%, TBSI -5.02%. We alert readers that TBSI has repeated on the T&B 2 consecutive weeks. The folks who roll like Boomer James have the opinion the range bound bulkers become ripe for small takings after gaining or losing two weeks in a row. It has played out extremely well when the company has three consecutive up or down. We notice the conspicuous absence of GNK from the leader board. There was a time when ….
The Baltics: BDI @1292 +9.67%, BCI @1455 -1.35%, BPI @1997 +23.27%, BSI @1233 +8.92%, BHSI @664 +2.31%. The Panasisters rocked with rates rising 23%. We have an opinion the force majeure may provide prolonged support as the backlog created will take up to a year to fill. The impaired mines cannot accept any “fresh” orders.
The Fixtures: Ore =22, Coal =8, Grain =1, T/C =106, Period =18, total =155. The ore chores strengthened a bit while our bud TAIPOWER shagged some coal loads. The T/C volume at 106 is the largest weekly count this year. Period activity maintained the upward slope charted weekly.
The Vessels: VLOC =1, Capes =23, Post Pmax =3, Kmax =10, Pmax =68, Smax =31, Hmax =23, Hsize =3, Bulkers = 1, Total =155. Panamaxes went thru the roof compared to last weeks 31 fixtures. We see more US coal loading Baltimore Harbor. Ski has a friend checking out some scoop relating to this port. Could be we will see a jump in the Harbor Master’s numbers.
Ski Notes: Familiar vessels populating the fixture reports include the following, Baltic Bear, Navios Titan, Star Breeze, Genco Pioneer, Poseidon. The mid sized ladies being Panamax and Supramax can expect a fair amount of support thru the remainder of the year just looking at the coal forecasts. I wouldn’t be surprised by the bigger girls cutting in for a few of the coal runs.
I recently read through some critical assessments of a fellow industry observer who has taken flak for reportedly trading shipping stocks, as if this was somehow an affront to the true investors who hold Long positions. I bet they really wouldn’t like this blog.
Good Fortunes
Ski