Week 17

Week 17

Top & Bottom 5 Day: 

GLBS @5.10 up 8.51%, VLCCF @12.51 up 5.65%, SBLK @0.99 up 5.31% >>>

EGLE @1.73 down 2.80%, SHIP @3.50 down 8.13%, FREE @1.23 down 11.51%.  I could cut and paste this … FREE gives up another double digit loss in five days.  I could point out some of the differences beholden to a foreign issued equity that allows………

The Baltic Exchange:

BDI =1156 (+8.34%), BCI =1499 (-2.21%), BPI =1738 (+16.87%),

BSI =1102 (+8.03%), BHSI =589 (-7.24%).  The BPI catches flight as SA grain runs continues to draw vessels thereby leaving tonnage tight in other key panasister routes.  SWEET!

The Fixtures:

Ore =8, Coal =10, T/C =89, Period =16, Sulphur =1, total =124.  The ore chores fall to the lowest full week volume this year.  Not good!  On a brighter note the coal fixtures doubled the 4 week average.  Very good! 

            Best Done Period vs. Spot

Capes:  Blue Moon                11-13 MOS     $12,000 vs.  $6,417

Pmax:  Obelix Bulker            4-6 MOS         $12,000 vs. $13,798

Smax:  Barilone                     4-6 MOS         $15,000 vs. $11,471

The Vessels:

VLOC =0, Capes =21, P/Pmax =5, Kmax =11, Pmax =44, Smax =30,

Hmax =5, Hsize =7, Bulker =1, total =124.

The Futures:

………….Capes         Pmax          Smax

Spot         $6,417       $13,798     $11,471

CAL13   $13,750      $10,250     $10,250

CAL14   $15750       $11,500     $11,750

CAL15   $16,750      $12,250     $12,000

Ski Notes:

The recent panamax run has been over examined but I will add that 1 out of every 3 fixtures last week was a panna!   The long overdue report on DRYS will be published this week.  Boomer has been on an extended holiday and we hope… given a few good meals (and some non alcoholic beverages) his digestive operations may return to normal.  The office just is not big enough.

Good Fortunes