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Author: Hohum77 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 3126  
Subject: Apr 2008: Dry Bulk Update Date: 5/1/2008 4:04 AM
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Been out of the country, so this update might miss some items.

Shipper	31-Dec	31-Jan	29-Feb	28-Mar	30-Apr 
BHO* 15.20 13.23 11.90 10.38 11.00
DSX 31.46 29.51 28.50 25.97 30.36
DRYS 77.40 74.43 75.30 62.31 82.50
EXM 40.19 38.06 31.87 30.91 39.71
EGLE 26.55 24.72 26.63 25.71 29.43
ESEA 12.40 12.02 14.02 11.82 13.78
FREE 6.00 5.69 5.10 5.66 6.87
GNK 54.76 49.59 58.27 56.64 67.65
NM 12.25 11.55 11.11 9.80 10.99
NMM 19.15 16.85 15.40 14.92 16.09
OCNF 19.23 19.51 22.03 22.73 22.64
PRGN 18.21 18.61 16.04 15.76 17.19
QMAR 22.98 24.45 23.03 23.64 **
SBLK 12.85 11.48 11.96 11.46 12.58
TBSI* 33.06 33.31 34.44 31.00 40.18


* No recent dividend

Comparative bulk rate Mar : Apr (from shipping.capitallink.com website)
Baltic Dry 8,069 : 9,356
Baltic Capesize 11,815 : 14,173
Baltic Panamax 7,896 : 8,972
Baltic Supramax 4,916 : 5,444
Baltic Handysize 2,435 : 2,789

Excluding OCNF, all the Dry Bulk stocks are positive for the month.
Leading the way- DRYS (32.40%), EXM (28.47%), TBSI (29.61%) - I think the BDI numbers explain much of the change.

Other factors/news items --
QMAR - is history…deal with EXM approved by shareholders
http://biz.yahoo.com/ap/080414/excel_quintana.html?.v=1

DRYS - Looks like this company is diversifying into the deep-sea drilling arena. Now has a 71% stake in Ocean Rig
http://biz.yahoo.com/ap/080425/dryships_ocean_rig_stakes.html?.v=1

Earlier story about adding 2 deep sea vessel ($800M each)
http://biz.yahoo.com/ap/080424/dryships_mover.html?.v=2

GNK’s chairman starting a PE fund focusing on clean energy
http://biz.yahoo.com/prnews/080415/nytu055.html?.v=101

FREE - added Free Impala to its fleet (now 7 vessels) and obtained 1-year charter for vessel
http://biz.yahoo.com/pz/080402/139360.html

SBLK - lock 2 more vessels into long term contracts (3 yr, 5 yr).
http://biz.yahoo.com/iw/080430/0392046.html


Enjoy!
Hohum
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