Week 45

Top & Bottom 5 Day: FREE .907 (+19.34%) GNK 9.57 (+11.02%) DRYS 2.88 (+4.34%) >>>> NMM 14.95 (-4.22%) SHIP 3.02 (-7.07%) TBSI .61 (-16.43%). The gain FREE racked up did not add up, and we saw no reason for the spike Thursday. Peter Pan’s Genco reported the same day and was rewarded by the street. That should make his new Canadian buds happy. DRYS pops onto the leader board for the second time in 2 weeks. Does George have something going on? The Baltic Exchange: BDI 1835 (+2.85%), BCI 3150 (+12.98%), BPI 1761 (-4.08%), BSI 1324 (-7.08%), BHSI 675 (-7.28%). The almost 13% rise for the BCI tells me in spite of the large amount of capesize deliveries we read so much about the owners are still able from time to time to turn the table on the charterers. I will look at the fixtures a lot closer to identify how it may have occurred. Prompt list? The Fixtures: Ore =13, Coal =5, T/C =75, Period =7, total =100. The ore chores dropped by almost half week over week and the big coal burners were absent from the market. All in all every fixture class was off last weeks healthier numbers. Best done period vs. spot rates Capes: none reported vs. $27,197 Pmax: Yasa Team 4-6 MOS $12,500 vs. $14,078 Smax: Simge Akos 12 MOS $12,500 vs. $14,228 The Vessels: VLOC =0, Capes =25, P/P =3, Kmax =8, Pmax =36, Smax =22, Hmax =2, Hsize =0, Bulkers =4, total =100. We noticed the big ladies (Capesize) have not inked a period fixture for two weeks in a row. That is not normal. The following “familiar vessels” populated the fixture reports, Torm Anholt, Navios Arc, Akili, Navios Melodia, Navios Pollux. Good Fortunes Ski