Dry Bits Week 14

Ahoy There! - -Week 14

Top & Bottom 5 Day: 

GPRT 90.75 (+11.01%), BALT 4.30 (+3.61%), GOGL 5.25 (+1.16%), >>>

EXM 1.75 (-12.50%), EGLE 1.69 (-12.89%), ESEA 1.98 (-13.16%).  For those who still enjoy the fun of trading we alert you to BALT earning a spot on the Top & Bottom 5 Day leader board… 2 weeks in a row.  Those who shorted EGLE are probably anticipating the price will continue to drop this next week (correcting for the recent rise in share price) as does Boomer James.  However we remind readers the equity has recently been able to find support in spite of the apparent fundamentals.

The Baltic Exchange:

BDI =928 down 0.64%, BCI =1507 up 6.73%, BPI =1036 down 1.43%,

BHSI =949 down 7.86%, BHSI =547 down 3.19%.  The Capes must have hit a rock while dragging the bottom as they bumped up while all others are sinking.

The Fixtures:

Ore =16, Coal =2, T/C =25, Period =5, Grain =1, total =49 

            Best done Period vs. spot

Capes:  Anagel Merchant  3-6 MOS $10,000  vs.   $5,852.

PMax:  Ribbon                   5-7 MOS  $10,000  vs.  $8,337.

SMax:  NIKOLAOS A       4-6 MOS  $12,250  vs.  $10,092.

The Vessels:

VLOC =0, Capes =21, Post P =0, KMax =2, PMax =13, SMax =11

HMax =1, Hsize =0, Bulker =1, total =49.

Ski Notes:  At the beginning of the week I had some hopes for a run-up before Easter.  Well!!!  There is only 3 days worth the fixtures this week.  The Anagel Merchant worst performing Capesize period fixture we have seen in a while.  Sign of things to come?

Good Fortunes

Ski