Industry Charts

•$/day TC hire

•Can rise 70% in 8 weeks

•And drop equally fast

•Capes : most volatile (blue line)

•Iron ore, coal and agriprods

•China biased

•Regular trading opportunities

•$40 billion of financial freight

Financial freight analysis 2012 onwards

•Cape yearly average $ value : $19.2 billion

•Panamax : $14.8 billion

•Supras : $3.4 billion

•Options all 3 sizes : $ 4.7billion

Total Financial Dry Bulk : $42.1 billion/year