Dry Bits Week 15

Top & Bottom 5 Day: 

FREE @1.53 (+48.54%), SHIP @3.96 (+26.92%), DRYS @3.29 (+1.54%) >>>

VLCCF @12.81 (-7.17%), DSX @7.76 (-7.51%), SFL @13.61 (-7.92%).  From the leader board we ask you….Who is bullshitting who?  The only vote of confidence here in this weeks top & bottom 5 day is a suspicious vote for DRYS.  As for  FREE up by what?...and SHIP up by what??  If you can find them, borrow some of both.  It will pay!

The Baltic Exchange:

BDI =972 up 4.72%, BCI =1572 up 4.31%, BPI =1158 up big 11.78%,

BSI =936 down 1.37%, BHSI =540 down 1.28%. 

The Fixtures:  Ore =7, Coal =0, T/C =45, Period =13, total =65.

The fixtures contain only 3 days of activity this holiday shortened week.  I do not remember any other time in my dry bulk experience that there where zero coal fixtures reported during a 3 day trading week.

            Best done Period vs. spot rates

Capes:  none reported                                                  vs.  $7080

Pmax:  Anagel Omonia         3-5 MOS          $11,000 vs.  $8,874

Smax:  Krania                        5-7 MOS          $11,000 vs. $9,719

Hsize:  Great Leader            11-13 MOS        $ 9,500 vs. $8,155

The Vessels:  VLOC =0, Capes =7, Post P =3, KMax =9, PMax =22

SMax =17, HMax =2, Hsize =4, Bulkers =1, total =65.

The Futures:

This is in the developmental stage so hang with me for bit.  Ideas r welcome!

I am inclined 2 not only address the ffa closing values,  but 2 try and add a measure of comfort/confidence through the addition of a time component.  Mayb 4wkavg? Sort of…

Capes;

PMax;

SMax;

Ski Notes:

The fleet valuation for DRYS remains incomplete, we expect next midweek.   The desk sits empty with a sign saying Boomer James is gone fishing!  Folks remember he is a bottom roller from the old days…

Good Fortunes