Is dry bulk shipping’s strange Q1 a sign of strength to come?
Small bulkers earning almost double large bulkers that carry five times the cargo Smaller bulk ships are outperforming (Photo: Shutterstock)
It has been a particularly strange Q1 for dry bulk shipping. Usually, the larger ships Capesizes with capacities of around 180,000 deadweight tons (DWT) that carry iron ore and coal do poorly all quarter. This year, they did better in January than they had in a decade before succumbing to their usual slump.
Then came another oddity: The smaller bulkers began earning much more money than the Capesizes. As of Tuesday, Handysize bulkers (up to 35,000 DWT) were earning $19,400 per day, according to Clarksons Platou Securities. That’s almost double the $11,700-per-day rate of Capesizes even though Capesizes carry five times the cargo.
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Guardians often obtain full legal oversight of a person, including control of their healthcare, assets, and finances.
The comptroller s report details more than 3,000 guardian cases from 2007 through 2017. It alleges that, in a little over a dozen of those cases, there are more than $1.25 million in âunsupported expensesâ with no details given about the expenses.
âWe found where there were many cases where there was no activity in the case for years â sometimes as many as nine years,â Diamond said.
The audit also claims that courts were not being updated when guardians were not following state law.
Orange County Clerk of Courts Tiffany Moore Russell says out of 13 findings and recommendations from the audit, her office agrees with two, partially agrees with seven and doesnât agree with four.