Week 20

Top & Bottom 5 Day:  SB @6.46 -2.26% >>> GNK @3.04 -22.84%, GLBS @3.75 -24.54%, GPRT @62.37 -26.4%.  Talk about an entire sector being taken to the woodshed.  The best performing shipper in our coverage universe was SB only losing 2.26%.  Shockingly 12 Shippers had double digit losses in value of the 19 covered companies.  This was by far the ugliest week of the year.  We report no alerts this week and if you played Eagle last week you lost around 11% not including costs of buying and selling. 

The Baltic Exchange:  BDI =1141 up 0.26%, BCI =1633 up 1.17%, BPI =1274 down 3.63%, BSI =1108 down 0.35%, BHSI =639 up 8.60%.  Finally we see the Panamax slide slow its rate of decay.  That’s a bit of good news…sort of.

The Fixtures:  Coal =1, Ore =6, T/C =52, Period =6, Bauxite =1 total =66.  The reports showed zero fixtures Thursday so we again cannot read too much into this not having our normal 5 days of data.  I will say this much…ore chores in the single digits…not good…T/C barely breaking 50…not good…

                        Best Done Period vs. spot rates

Capes:  none reported

Pmax:  Tian Baifeng    4-6 MOS       $11,500 vs. $10,101.

Smax:  Oxygen             4-6 MOS       $15,750 vs. $11,562.

The Vessels:  VLOC =0, Capes =10, Post P =3, Kmax =7, Pmax =28, Smax =11,

Hmax =3, Hsize =3, Bulker =1 total =66.  The following Familiar vessels populated the fixture reports; Ocean Shine, Cape Canary, Genco Lorrain. 

The Futures:

                        Capes              Pmax               Smax               Hsize

Index               8,921               10,101             11,562             9,480

CAL13            13,750             10,000             10,000             8,500

CAL14            15,750             11,250             11,250             9,000

CAL15            17,000             12,000             12,000             9,750

Ski Notes:  A special note of thanks goes out to a TMT  regular “ kr”.  Thank you for your contributions to our shipping discussions and your personal comments made to me.

Good Fortunes

Dry Bits Week 19

Ahoy There!!!      Week #19

Top & Bottom 5 Day:   

GPRT @84.75 (+3.30%), SFL @12.96 (+2.28%), SHIP @3.18 (+1.27%) >>>

DRYS @7.60 (-11.68%), EGLE @1.08 (-15.62%), FREE @0.82 (-26.12%).

For the record EGLE has made the T&B 5Day laggard list 3 weeks consecutively.  Under normal circumstance this triggers an alert.  Ask yourself if EGLE has been getting unfairly hammered.  Then place your bets….

The Baltic Exchange:

BDI =1138 down 1.64%, BCI =1614 up 2.41%, BPI =1322 down big 13.42%,

BSI =1112 down 0.53%, BHSI =616 up 2.32%.  The panasisters getting punished for making their run….

The Fixtures:

Coal =5, Ore =13, T/C =54, Period =12, Bauxite =1, total =85.  This weeks report has only 4 days of data hence less reading of the tea leaves.  Period activity is pretty strong suggesting the players feel rates will stay around current levels thru the next four months.

            Best Done Period vs. spot

Capes:  Navios Stellar          1 yr                    $12,250 vs. $  8,769

PMax:  IVS Merlot              4-6 MOS           $17,500 vs. $10,774

SMax:  none reported                                                  vs. $11,671

Hsize:  CMB Mae                4-7 MOS            $10,250 vs. $  9,181 

The Vessels:

VLOC =0, Capes =25, Post P =3, Kmax =8, PMax =36, SMax =10, HMax =0,

Hsize =1, Bulker =2, total =85.

The Futures: 

                              Capes          PMax         Supra         Hsize

Spot                     8,769           10,774        11,671        9,181

CAL13              14,000             9,750        10,000        8,500

CAL14              16,000           11,000        11,500        8,750

CAL14              17,000           12,000        12,000        9,750

Ski Notes:  The following “familiar” vessels populated the fixture reports;  Proteus,Navios Stellar, Ocean Dragon, Navios Felecity, Ocean Confidence,

Genco Challenger, Golden Enterprise, Golden Zhejiang. 

dry bits week 18

Ahoy There!   Week 18   2012

Top & Bottom 5 Day:  GLBS @5.10 unchanged >>> BALT @4.05 down 15.09%, GNK @4.30 down 21.10%, EGLE @1.28 down 26.01%.  The folks who regularly  read the ton mile trader are not surprised by the spanking Peter Pan’s magic companies (GNK & BALT) took, nor by them being joined in the laggard world by the likes of EGLE.  As the earnings (or lack of same) are being reported shock effects are expected. 

The Baltic Exchange:  BDI =1157 (+0.086%), BCI =1576 (+5.13%), BPI =1527 (-12.14%), BSI =1118 (+1.45%), BHSI =602 (+2.20%). 

The Fixtures:  Coal =7, Ore =7, T/C =41, Period =8, Sugar =1, total = 64.  The week had only four trading days so not too much can be said.  Saved by the bell if you ask me.  The volume fell apart with some holidays being an influence.

            Best Done Period vs. Spot

Capes:  C Triumph        11-13 MOS             $11,750 vs. $7069

Pmax:  Tian Tong            4-6 MOS             $17,000 vs. $13,051

Smax:  Equinox Star        4-6 MOS            $12,400 vs. $11,582

Hmax:  none reported                                                vs. $ 9,066

The Vessels:  VLOC =0, Capes =16, Post P =3, Kmax =2, Pmax =22, Smax =14, Hmax =0, Hsize =2, Bulker =5, total =64.

The Futures:

                           Capes       Pmax        Supra         H/S

Spot                  $7,069      $13,051     $11,582     $9,066

CAL13            $14,250     $10,000     $10,250     $8,500

CAL14           $16,000     $11,250     $11,750      $9,000

CAL15           $17,000     $12,000     $12,000      $9,750

Ski Notes:

Speaking of Earnings (or lack of same) nobody should be surprised if they read our dry bulk seer’s predictions.  Check out Ohms HERE

Good Fortunes