Top & Bottom 5 Day: TBSI @0.73 +4.28%, SHIP @ 3.25 +2.20% >>>
EGLE @1.45 -13.69%, EXM @2.46 -16.89%, PRGN @0.92 -17.11.
The equities mostly followed the Baltic decay with the exception of our
favorite penny stocks TBSI and SHIP. They should have went down as well,
but forces greater than logic intervened.
The Baltic Exchange: BDI 1784 (-11.59%), BCI 2788 (-14.84%), BPI 1836 (-5.31%), BSI 1425 (-7.76%), BHSI 728 (-7.37%). The charterers managed to satisfy significant demand while pressing rates lower. The owners are again lining the mahogany calling for brandies by the double.
The Fixtures: Ore =24, Coal =7, T/C =92, Period =5, Manganese =1, HSS =1, total fixture count =130. The ore chores were decent, coal was ok, the t/c fixtures easily blew past the 4 week avg. of 77.75 fixes. The missing ingredient is the dismal period numbers with only 5 being inked. What does this tell us…nothing yet, but we will be watching for a pattern.
Best Done vs. spot rates
Capes: none reported $23,374
Pmax: Naias 4-6 MOS $14,000 vs. $15,521
Smax: Kang Shen 3-5 MOS $13,750 vs. $16,009
The Vessels: VLOC =0, Capes =29, P/P =3, Kmax =7, Pmax =43,
Smax =35, Hmax =7, Hsize =1, Bulker =1, total =130.
The following “familiar vessels” populated the fixture reports. Star Harmony.
Ski Notes: Without going into too much detail, it has been decided that
we will not post any of Boomer James actual trades. Our legal advisors
have instead suggested we could simply post a practice account that
coincidentally may shadow Boomers trades.
Natasha has dropped FreeSeas from her universe of coverage over at Cantor. I would press her as to why. Uncle George finally removed OCNF from TMT coverage. If we get to picky about our coverage criteria we soon will be talking about something besides shipping. None of these companies are shinning examples of good corporate governance with outstanding investor relationships. None.
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