Shipping Sector Update

Sector Returns From the Near Dead

solid returns – Baltic Index Remains on upturn

06 March 2014
Baltic Dry Index (BDI)    +89   1480 Rates

BCI

(Cape index)

BPI

(Panamax index)

BSI

(Supramax index)
INDEX

2830

+234

1056

+3

1122

+6

SPOT 4 TCE AVG (USD)

22295

+3026

8502

+26

11727

+61

YESTERDAY (USD)

19269

8476

11666

YEAR AGO (USD)

4476

8898 8908

 

Spot 4 TC Average = The Average Value of the Four Main Shipping Routes applicable for each of the 3 types of Ships BDI=The Weighted Composite Index of BCI/BPI/BHMI

Sector selections of Jack A. Bass Managed Accounts

Safe Bulkers Inc(SB:NYSE, US)

BuySell

 

10.99USDIncrease0.28(2.61%)Volume:
Above Average
As of 06 Mar 2014 at 10:18 AM EST.

Quote Details

Open 11.07 P/E Ratio (TTM) 10.0x
Last Bid/Size 10.98 / 6 EPS (TTM) 1.08
Last Ask/Size 11.00 / 21 Next Earnings 12 May 2014
Previous Close 10.71 Beta 1.78
Volume 414,170 Quarterly Dividend 0.0600
Average Volume 668,763 Dividend Yield 2.18%
Day High 11.09 Ex-Dividend Date 6 Mar 2014
Day Low 10.85 Shares Outstanding 83.4M
52 Week High 11.25 # of Floating Shares 42.71572M
52 Week Low 4.01 Short Interest as % of Float 0.71%

DryShips Inc(DRYS:NASDAQ, US)

BuySell

Volume in one hour equal to average day

4.12USDDecrease0.02(-0.48%)Volume:
Above Average
As of 06 Mar 2014 at 10:19 AM EST.

 

Quote Details

Open 4.28 P/E Ratio (TTM)
Last Bid/Size 4.12 / 290 EPS (TTM) -0.58
Last Ask/Size 4.13 / 153 Next Earnings
Previous Close 4.14 Beta 2.64
Volume 10,384,746 Last Dividend
Average Volume 10,597,228 Dividend Yield 0.00%
Day High 4.37 Ex-Dividend Date
Day Low 4.08 Shares Outstanding 432.7M
52 Week High 5.00 # of Floating Shares 404.8276M
52 Week Low 1.65 Short Interest as % of Float 2.71%
chart
 Diana Shipping Inc(DSX:NYSE, US)

BuySell
13.52USDDecrease0.03(-0.22%)Volume:
Above Average
As of 06 Mar 2014 at 10:21 AM EST.

Quote Details

Open 13.77 P/E Ratio (TTM)
Last Bid/Size 13.49 / 2 EPS (TTM) -0.27
Last Ask/Size 13.51 / 2 Next Earnings
Previous Close 13.55 Beta 1.60
Volume 318,886 Last Dividend
Average Volume 883,034 Dividend Yield 0.00%
Day High 13.93 Ex-Dividend Date
Day Low 13.40 Shares Outstanding 82.8M
52 Week High 13.93 # of Floating Shares 68.14085M
52 Week Low 8.38 Short Interest as % of Float 3.65%

 

 

 

 

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