Dry Bits Week 46

Top & Bottom 5 Day: NM 3.77 (+3.57%) SB 6.78 (+1.34%) >>> DRYS 2.54 (-11.80%) EXM 2.07 (-12.65%) TBSI 0.45 (-26.22%). The tweendeckers miss the street and paid. The losers outnumber winners 2 to 1 and averaged about a 10% loss for the week. The fact that DRYS and EXM got slammed a bit more should be noted. The Baltic Exchange: BDI 1895 (+3.26%), BCI 3235 (+2.69%), BPI 1831 (+3.97%), BSI 1381 (+4.30%), BHSI 661 (-2.07%). The larger vessel classes gained some juice with the noted exception of the smaller (normally mellow) handies. The week ended with the Baltic’s rising while equities retreated. Let us hope for a bit more of the same to extend the divergence. $$$$ in the making ya know! The Fixtures: Ore =27, Coal =6, T/C =82, Period =10, Bauxite =1, HSS =1, total =127. The ore chores doubled from last week and coal gained a fixture equaling the four week average of 6 coal fixtures. The T/C and Period volume improved as well, and noteworthy is China taking soy from the gulf this week while last week they took it from the mouth of the recently dredged Columbia River out west. Best done Period Vs. Spot Rates Capes: Great Song 4-6 MOS $19,000 vs. $28,795 Pmax: Nirefs 13-16 MOS $12,250 vs. $14,441 Smax: C S Brave 12 MOS $12,200 vs. $14,309 The Vessels: VLOC =0, Capes =34, P/P =4, Kmax =12, Pmax =36, Smax =32, Hmax =2, Hsize =3, Bulk =4, total =127 Ski Notes: The following “Familiar Vessels” populated the fixture reports. Navios Vector, Torm Ocean, Navios Orion, Navios Ulysses, Nirefs. The folks who are closely observing Diana Shipping will recognize the Nirefs as the vessel being chartered by Morgan Stanley for the next year. Good Fortunes Ski