Baltic Trade Index Decline – Sinks Shipping Sector Hopes

After a brief rally past 2000 the index has been on a steady decline to the 800 level.

Stock prices are still in the ” waiting for proof of life” stage .
11 July 2014

Baltic Dry Index (BDI)    -22   814 
Rates

BCI (Cape index) BPI (Panamax index) BSI (Supramax index)
INDEX 1465 -58 679 -23 679 -2
SPOT TC AVG (USD) 11149 -556 5432 -181 7099 -19
YESTERDAY (USD) 11705 5613 7118
YEAR AGO (USD) 14182 8725 9376

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

VLCCF has moved down sharply in the past week;

KNIGHTSBRIDGE TANKERS LTD(VLCCF:NASDAQ, US)

12.72USDDecrease0.12(-0.93%)Volume: 
Below Average
As of 11 Jul 2014 at 10:31 AM EDT.

QUOTE DETAILS

Open 12.81 P/E Ratio (TTM) 26.2x
Last Bid/Size 12.72 / 2 EPS (TTM) 0.49
Last Ask/Size 12.75 / 2 Next Earnings 13 Aug 2014
Previous Close 12.84 Beta 0.90
Volume 37,971 Quarterly Dividend 0.2000
Average Volume 562,298 Dividend Yield 6.29%
Day High 12.90 Ex-Dividend Date 20 May 2014
Day Low 12.64 Shares Outstanding 30.5M
52 Week High 16.32 # of Floating Shares 11.83527M
52 Week Low 7.00 Short Interest as % of Float 14.94%
DRIP Eligible No

Dryships, often taken as a bellweather of the sector recovery  has retreated from $3.50 level

DRYSHIPS INC(DRYS:NASDAQ, US)

3.00USDDecrease0.007(-0.23%)Volume: 
Above Average
As of 11 Jul 2014 at 10:32 AM EDT.

QUOTE DETAILS

Open 3.01 P/E Ratio (TTM)
Last Bid/Size 3.00 / 93 EPS (TTM) -0.36
Last Ask/Size 3.01 / 133 Next Earnings
Previous Close 3.01 Beta 2.44
Volume 1,277,430 Last Dividend
Average Volume 4,102,948 Dividend Yield 0.00%
Day High 3.05 Ex-Dividend Date
Day Low 2.98 Shares Outstanding 454.9M
52 Week High 5.00 # of Floating Shares 440.086M
52 Week Low 1.80 Short Interest as % of Float 2.18%
DRIP Eligible No
chart
Diana Shipping is generally regarded as better managed and financially stable but it too has retreated

DIANA SHIPPING INC(DSX:NYSE, US)

10.16USDDecrease0.0398(-0.39%)Volume: 
Below Average
As of 11 Jul 2014 at 10:33 AM EDT.


QUOTE DETAILS

Open 10.23 P/E Ratio (TTM)
Last Bid/Size 10.16 / 1 EPS (TTM) -0.27
Last Ask/Size 10.18 / 3 Next Earnings 30 Jul 2014
Previous Close 10.20 Beta 1.38
Volume 39,854 Last Dividend
Average Volume 474,665 Dividend Yield 0.00%
Day High 10.23 Ex-Dividend Date
Day Low 10.15 Shares Outstanding 83.4M
52 Week High 13.93 # of Floating Shares 68.11239M
52 Week Low 9.65 Short Interest as % of Float 2.29%
DRIP Eligible No
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