Top & Bottom 5 Day:
SHIP 2.36 (+6.79%) GLBS 3.11 (+3.67%) NM 3.67 (+3.38%)
>> EGLE 0.985 (-7.94%) SBLK
0.91 (-9.00%) TOPS
1.99 (-9.13%). The
laggards provide us a T&B5Day Alert
courtesy of TOPS
posting consecutive losing performances.
The Baltic Exchange: BDI 1738 (-7.94%), BCI 3287 (-7.98%), BPI 1645 (-7.32%), BSI 1176 (-1.42%), BHSI 577 (-1.87%). The number of fixtures drops during the holidays and that generally translates into bad news over at the Baltic. The BHSI is on a course to sink down too historical lows. I think 268 is the lowest the BHSI ever recorded.
The Fixtures:
Best
Done Period vs. Spot
Capes: Klara Selmer 1
Year $18,500 vs. $30,926.Pmax: Great Rich 4-6 MOS $13,000 vs. $14,187.
Smax: none reported vs. $12,368.
The Vessels: VLOC =0,
Ski Notes: The Island People (TBSI) came to an agreement with some of its lenders that saw four of its new vessels snatched (like repossessed) and value of its existing shares eliminated “The terms of these agreements do not provide for any remaining value in the outstanding ordinary or preferred shares of TBS.” yet… I watched the market trade up the shares on the NASDAQ. The shares opened at 22 cents and gained 68% trading briefly at 37 cents a share. Hello People…
A Dry Bit from BRS
“Not surprisingly, the average age of ship scrapped in 2011 is significantly lower than in 2009: at 33 years for the Handysizes, 30 years for the Panamaxes and Supramaxes, and a striking 27 years for the Capesizes.”
Good Fortunes
Ski
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