Top & Bottom 5 Day: OCNF @0.58 +3.57%, NMM @20.99 +2.64%, >>> BALT @8.04 -4.05%, PRGN @2.80 -4.10%, GNK @8.17 -15.59%. The leader board shows Navios Partners for the third consecutive week earning the t&b alert status. It has been our experience that the range bound bulker equities will fall (almost always) after being a leader for 3 straight. Peter Pan sure had a bad week with his bulkers. The bottom feeders are watching Genco with sincerity. “Wait for the magic dust to settle” sounds off Boomer James, in anticipation of more shenanigans. Dry Equities 14 losers vs. 2 gainers. Ouch!!
The Baltics: BDI @1254 -3.24%, BCI @1540 -1.53%, BPI @1377 -9.04%, BSI @1401 -0.91%, BHSI @802 +0.75%. It took Ten consecutive weeks but the Baltic Handysize Index has crossed the 800 mark. This week (like several others lately) showed Red for all other indices with the BPI losing the most.
The Fixtures: Ore =4, Coal =5, Corn =1, Grain =1, T/C =25, Period =7, total =43.
Top period rates this week vs. spot.
Capes : Aqua Princess 4 – 6 MOS $12,500 vs. $6,530.
Pmax: Go Public 3 – 5 MOS $16,000 vs. $11,335.
Smax: Pisti 5 – 7 MOS $15,500 vs. $14,683.
The Vessels: VLOC =0, Capes =8, Post Pmax =3, Kmax =3, Pmax =17, Smax =7, Hmax =1, Hsize =2, Bulkers <30 =2, total =43.
Ski Notes: The Holiday shortened week has yielded limited data compared to our normal analysis. I noticed our fav coal burner taipower has chartered a Cape TBN @125,000 Newcastle > Taiwan USD 12.4. The last I checked there was no bulk port that could handle a big girl on the island. Cargill reportedly fixed a 60K Grain run loading Miss. River to Egypt.
Happy Easter
Ski
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