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.