Dry Bits Week 8

Top & Bottom 5 Day: 

SHIP @3.95 (+16.86%), GLBS @4.95 (+5.54%), SFL @13.61 (+4.29%) >>>

NM @3.88 (-7.40%), GNK @7 (-20.27%), FREE @1.22 (-28.65%).

The top dog this week SHIP posted earnings of $0.91, also the principals injected some major cash prior to the earnings announcement.  Looking to the T&B 5Day laggards we are kind of surprised to see NM grouped in with the likes of GNK and FREE who we expected would undergo market corrections. 

The Baltic Exchange:

BDI =718 (+0.14%), BCI =1504 (+2.94%), BPI =836 (-11.91%), BSI =662 (+3.28%), BHSI =395 (+4.22%).  The Panasisters are reported to be rolling over and just plain giving it away.  The

The Fixtures: 

Ore =11, Coal =8, T/C =93, Period =20, Grain =2,Chrome Ore =1, Scrap =1, Corn =1, Total =137.  This being the second strong volume fixture weekly total in a row it may appear that some noticeable demand has improved.  We have a 4 week avg. fixture count at 105.75 that proportionally will be moved upward by this weeks also higher demand. 

            Best Done Period vs. Spot

Capes:  Skithia                     5-8 MOS            $13,350 vs. $5,379 daily.

PMax:  Grain Harvester   10-13 MOS          $11,250 vs. $6,801 daily.

SMax:  Jin Feng                   1 Year               $11,050 vs. $6,801 daily.

HMax:  none reported

The Vessels:  VLOC =1, Capes =23, Post P =2, KMax =12, PMax =49,

SMax =36, HMax =5, Hsize =3, Bulker =6, total =137. 

The following “Familiar Vessels” populated the fixture reports this week,

NAVIOS MAGELLAN, NAVIOS APOLLON, OCEAN SPIRIT, MENDOCINO,

SB ROYAL, NAVIOS HORIZON, STAR EPSILON, MATUMBA, THOR DYNAMIC,

CORONIS, GOLDEN EMINENCE,

Ski Notes:  The DRYS pullback that we had issued an alert for only amounted to -2.43% so we will call it flat.  The scorecard reads 0 for 2 with both alerted trades providing no winnings year to date. 

Good Fortunes