Funky BDI

A summary of the Dry Bulk Index component indices
https://www.hellenicshippingnews.com/dry-bulk-market-capesiz…

And major surprise from the ETF that tracks BDI, BDRY (up > 10%)

HohumYNWA
BDRY owner
(sometimes good to be hedged)

3 Likes

The next day
9/13

Boooyying!!!

Change in sentiment
Overall BDI had its highest gain in 7 months
Baltic Cape Index (BCI) sees its highest level since mid-Aug 2022
At $8952, most owners at least covering operating costs.

Panamax rates also improved
best levels since late Jul 2022

https://www.hellenicshippingnews.com/capesize-bounce-propels…

The indices are still reversed (smaller vessel categories earning more than larger vessel category)

1 Like

Thanks Hohumm

Jeff

Like the BDI, making some funky moves of my own today (9/14)

  • Restarted a miner position - BHP
  • Closed out that PHUN-y idea on its bounce
  • Another BRK-B nibble (yeah, strike threat and all)
  • Down day on BDRY - added a little more
  • Monetized some of my LNG shipping idea - FLNG (the div and special div accrued earlier this week)
1 Like