Ahoy There!
Top & Bottom 5 Day:
ESEA @2.81 (+9.34%), ISH
@20.71 (+7.53%), NM @3.74 (+7.47%) >>>
PRGN @.652 (-5.51%), SHIP @2.45 (-7.55%),
FREE @.39 (-17.02%). We still are not sure why
ISH gapped at Tuesday’s opening bell, but it helped put the
company on the Top & Bottom 5 Day leader board.
For the folks who enjoy trading, we at Dry Bits alert readers too Euroseas,
suggesting a possible short play. The mixed fleet operator has enjoyed
2 consecutive weeks on the leader board.
The Baltic Exchange: BDI
1053 (-21.83%), BCI 1723 (-25.22%), BPI 1264 (-17.76%), BSI 971 (-12.68%), BHSI
533 (-5.33%). Synchronized sinking!
Waving
goodbye 2 your investment dollars!
The Fixtures: Ore =16, Coal
=10, T/C =92, Period =7, Grain =1, total =126. The ore chores start out the
new year with low volume and even a good week on the coal side of things cannot
fill the void. The grain fixture caught my eye. We have 30k dwt of corn
heading towards Tunisia. The charterer is Perdue. Could that be the same
Perdue that grows my favorite chicken? Now they are growing chickens in Africa?
Best Done Period vs. spot
Capes: Zong May 4-6 MOS
$14,750 vs. $15,477.
Pmax: Yong Jin 3-5 MOS
$13,250 vs. $12,272.
Smax: Star Delta 3-5
MOS $11,000 vs. $10,442.
The Vessels: VLOC =0, Capes
=20, P/P =5, Kmax =9, Pmax =52, Smax =27, Hmax =4, Hsize =3, Bulkers =6, total
=126.
Ski Notes: The
following “familiar vessels” populated the
fixture reports this week,
Mendocito, Star Delta, Navios Arc,
Star Borealis, Golden Future, Nord Galaxy. The folks at Newlead Holdings LTD
(NEWL) have sold the last owned bulker, therefore we
discontinue our coverage.
Good Fortunes
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