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