Dry Bits Week 9

Week 9

Top & Bottom 5 Day:  GLBS @5.59 (+12.93%), NM @4.12 (+6.19%), SB @7.32 (+5.4%) >>> ESEA @2.55 (-13.56%), SHIP @3.31 (-16.20%), EGLE @1.5 (-20.21%).

This week’s top gainer GLBS also earns a T&B 5 Day trade alert having now been a leader 2 consecutive weeks. 

The Baltic Exchange:  BDI =771, BCI =1525, BPI =844, BSI =745, BHSI =437.

The Fixtures:  Ore =24, Coal =12, T/C =67, Period =26, HSS =1, Bauxite =1, weekly total =131.  The ore chores come back strong blowing way past the four week average.  Meanwhile coal demand reappears in force but the big story would be the period fixes.  The owners must have hit a magical Karma level that lends supportive argument to the 3-5 Month period market expectations.        

            Best Done Period vs. Spot

Capes:  Lin Jie                       7-10 MOS       $13,250 vs. $5,976

PMax:  Ellivita                       11-13 MOS     $11,500 vs. $6,738

SMax:  Christos Theo            3-5 MOS         $11,750 vs. $7,654

H/S:      Orient Dream            1 Year             $9,500   vs. $6,515

The Vessels:  VLOC =0, Capes =33, PostP =3, KMax =11, PMax =47, SMax =27,

HMax =2, Hsize =4, Bulkers =4, total =131.

The following “familiar” vessels populated the fixture reports this week; NAVIOS MERCATOR, STX HOPE, OCEAN TOMO, NORD FORTUNE, OCEAN SHINE, IRON KNIGHT, OCEAN CENTURY.

Ski Notes:  During the last week or so I had the opportunity to talk with some friends like Peter Sand and Mike Reardon about Dry Bits, and a consensus opinion was formed that the report very closely resembles the Brokers Reports many of the leading ship brokerage houses provide freely.  My intention is to provide the best report I can considering my limited resources.    What else should we put in this Dry Bits ?  Any suggestions to improve or change the report will be gratefully considered.

Good Fortunes

Ski