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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 3223  
Subject: Dry Bulk Update: July 2008 Date: 8/1/2008 1:55 AM
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I noticed some Dry Bulk plays have reported today. Just my luck, they all chose to report today. But this will be a stretch update, it will be "updated" as the news floats in ;)

Shipper	31-Dec	31-Jan	29-Feb	28-Mar	30-Apr	30-May	30-Jun	31-Jul 
BHO* 15.20 13.23 11.90 10.38 11.00 11.50 10.92 11.10
DSX 31.46 29.51 28.50 25.97 30.36 34.99 30.71 30.43
DRYS 77.40 74.43 75.30 62.31 82.50 93.80 80.18 77.13
EXM 40.19 38.06 31.87 30.91 39.71 51.30 39.25 37.06
EGLE 26.55 24.72 26.63 25.71 29.43 33.34 29.57 29.04
ESEA 12.40 12.02 14.02 11.82 13.78 15.62 12.97 12.30
FREE 6.00 5.69 5.10 5.66 6.87 7.00 6.28 6.39
GNK 54.76 49.59 58.27 56.64 67.65 70.24 65.20 68.18
NM 12.25 11.55 11.11 9.80 10.99 12.02 9.69 9.46
NMM 19.15 16.85 15.40 14.92 16.09 15.07 14.60 12.95
OCNF 19.23 19.51 22.03 22.73 22.64 26.52 23.17 19.41
PRGN 18.21 18.61 16.04 15.76 17.19 21.30 16.79 15.34
SBLK 12.85 11.48 11.96 11.46 12.58 13.98 11.79 11.24
TBSI* 33.06 33.31 34.44 31.00 40.18 46.58 39.95 36.54
DWT* 13.50 13.17
SB* 18.87 18.95
ULTR* 11.14


* - No dividend or no recent dividend

Only FREE, GNK, SB slightly positive (Month-over-Month)

Comparative bulk rate Mar : Apr: May: Jun : July (from shipping.capitallink.com website)
Baltic Dry 8,069 : 9,356 : 11,440 : 9,589 : 8,341
Baltic Capesize 11,815 : 14,173 : 18,719 : 13,978 : 13,005
Baltic Panamax 7,896 : 8,972 : 9,912 : 9,627 : 7,517
Baltic Supramax 4,916 : 5,444 : 6,405 : 5,843 : 4,897
Baltic Handysize 2,435 : 2,789 : 3,304 : 2,713 : 2,554


Awrighty, I need to work on vessel shipping rate formatting- too messy to read.
For this month, use your visualization abilities--see the mountains. That's some steep rate drop-off, specially for Panamax and Supramax sized vessels


Okay, results
DSX - earnings more than double ($56.7 M vs $26 M), revenue nearly doubles ($86.4 M vs $44 M), dividend hike (91c/sh vs 85c/sh), revenue outlook higher than street numbers (last two items from other links)
http://biz.yahoo.com/ap/080731/earns_diana_shipping.html?.v=...

FREE - Operating revenue grew 324%, lower EPS, increased quarterly
dividend to 20c/sh
http://biz.yahoo.com/pz/080731/147499.html

GNK - Not sure why the company is reporting results like it is- sometimes it is three months data, sometimes six month data, sometimes a comparison to last year. The table data further down is more clear--revenue more than 2X increase, net income 4X over comparative six months...need more time on this one
http://biz.yahoo.com/prnews/080730/nyw108.html?.v=101

EXM - had one of their vessels run aground
http://biz.yahoo.com/iw/080724/0419095.html


The update continues...


Hohum
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