Drybulk shipping rates continue to move higher, led by capesize rates

  • Drybulk shipping rates are up big during past five weeks and rose again overnight.
  • The Baltic Dry Index rose 3.2% overnight and has surged 49% since Feb. 12; the BDI has gained in 24 of the last 26 sessions, led by a 211% rise in capesize rates.
  • Capesize rates climbed 6.9% (or $1,664/day) overnight to $25,659/day, while panamax rates rose $4/day to $9,019/day and supramax rates added 0.4% ($48/day) to $12,598/day.
  •  G20 March 2014 

  • Baltic Dry Index (BDI)    +51   1621  Rates

    BCI

    (Cape index)

    BPI

    (Panamax index)

    BSI

    (Supramax index)
    INDEX

    3129

    +147

    1120

    No change

    1205

    +5

    SPOT 4 TCE AVG (USD)

    25659

    +1664

    9019

    +4

    12598

    +48

    YESTERDAY (USD)

    23995

    9015

    12550

    YEAR AGO (USD)

    5048

    9616 10125

    Related drybulk equities include DRYS,NKPRGNDSXFREEULTR,EGLENMNMMSBLKKEXSBSINOBALTSHIPDCIX.

The main portfolio choices of Jack A. Bass Managed Accounts

Safe Bulkers Inc(SB:NYSE, US)

BuySell

 

9.39USDIncrease0.01(0.11%)Volume:
Below Average
As of 20 Mar 2014 at 12:44 PM EDT.

Quote Details

Open 9.30 P/E Ratio (TTM) 9.0x
Last Bid/Size 9.38 / 4 EPS (TTM) 1.05
Last Ask/Size 9.39 / 1 Next Earnings 12 May 2014
Previous Close 9.38 Beta 1.79
Volume 146,727 Quarterly Dividend 0.0600
Average Volume 828,629 Dividend Yield 2.56%
Day High 9.48 Ex-Dividend Date 6 Mar 2014
Day Low 9.26 Shares Outstanding 83.4M
52 Week High 11.48 # of Floating Shares 35.96139M
52 Week Low 4.59 Short Interest as % of Float 0.73%
chart
DryShips Inc(DRYS:NASDAQ, US)

BuySell
3.56USDDecrease0.025(-0.70%)Volume:
Below Average
As of 20 Mar 2014 at 12:45 PM EDT.

Quote Details

Open 3.58 P/E Ratio (TTM)
Last Bid/Size 3.55 / 262 EPS (TTM) -0.58
Last Ask/Size 3.56 / 94 Next Earnings
Previous Close 3.58 Beta 2.65
Volume 4,063,923 Last Dividend
Average Volume 10,660,836 Dividend Yield 0.00%
Day High 3.60 Ex-Dividend Date
Day Low 3.51 Shares Outstanding 432.7M
52 Week High 5.00 # of Floating Shares 396.9353M
52 Week Low 1.65 Short Interest as % of Float 2.23%
chart
Diana Shipping Inc(DSX:NYSE, US)

BuySell
12.33USDDecrease0.17(-1.36%)Volume:
Below Average
As of 20 Mar 2014 at 12:46 PM EDT.

Quote Details

Open 12.46 P/E Ratio (TTM)
Last Bid/Size 12.33 / 8 EPS (TTM) -0.27
Last Ask/Size 12.34 / 1 Next Earnings 19 May 2014
Previous Close 12.50 Beta 1.61
Volume 189,933 Last Dividend
Average Volume 598,192 Dividend Yield 0.00%
Day High 12.49 Ex-Dividend Date
Day Low 12.28 Shares Outstanding 82.8M
52 Week High 13.93 # of Floating Shares 68.14085M
52 Week Low 9.00 Short Interest as % of Float 2.85%

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