The BDI data is critical for all the DryBulk Shipping stocks. The Baltic Dry Index (BDI) is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index tracks worldwide international shipping prices of various dry bulk cargoes.The BDI is one of the purest leading indicators of economic activity. It measures the demand to move raw materials and precursors to production, as well as the supply of ships available to move this cargo. Consumer spending and other economic indicators are backward looking, meaning they examine what has already occurred. The BDI offers a real time glimpse at global raw material and infrastructure demand. Unlike stock and commodities markets, the Baltic Dry Index is totally devoid of speculative players.
Dry Bulk Shipping Rates- May 27, 2011
Baltic Dry Index ( BDI ) -1374 Up 7
Baltic Cape Index ( BCI ) - 1821 Up 21
Baltic Panamax Index ( BPI ) - 1865 Down 3
Supramax Index ( BSI ) - 1451 Up 2
Below these are the Top Shipping Stocks Performance of the Week ended May 29, 2011.
Ticker Company Change
HRZ Horizon Lines, Inc. 25.84%
TRBR Trailer Bridge Inc. 15.56%
GLNG Golar LNG Ltd. 9.50%
TEU Box Ships Inc. Common Shares 7.68%
OCNF OceanFreight, Inc. 7.07%
KEX Kirby Corporation 3.48%
RLOG Rand Logistics, Inc. 3.12%
EGLE Eagle Bulk Shipping, Inc. 3.07%
ESEA Euroseas, Ltd. 2.83%
NM Navios Maritime Holdings Inc. 2.75%
TMM Grupo TMM S.A.B. 2.11%
GNK Genco Shipping & Trading Ltd. 2.08%
CKH Seacor Holdings Inc. 1.67%
TOPS Top Ships Inc. 1.67%
EXM Excel Maritime Carriers, Ltd. 1.28%
HOS Hornbeck Offshore Services, Inc. 1.27%
DSX Diana Shipping Inc. 1.14%
TK Teekay Corporation 1.10%
GMLP Golar LNG Partners LP 1.03%
ALEX Alexander & Baldwin, Inc. 0.75%
DCIX Diana Containerships Inc. 0.65%
TOO Teekay Offshore Partners LP 0.59%
ULTR Ultrapetrol (Bahamas) Ltd. 0.40%
KSP K-SEA Transportation Partners LP 0.25%
TDW Tidewater Inc. 0.21%
TGP Teekay LNG Partners LP. -0.14%
CMRE Costamare Inc. -0.99%
GSL Global Ship Lease, Inc. -1.00%
DAC Danaos Corporation -1.04%
SSW Seaspan Corp. -1.94%
GLBS Globus Maritime Ltd. -2.11%
BALT Baltic Trading Limited -2.15%
NMM Navios Maritime Partners L.P. -2.18%
DRYS DryShips, Inc. -2.36%
STNG Scorpio Tankers Inc. -2.76%
TNK Teekay Tankers Ltd. -2.83%
TNP Tsakos Energy Navigation Ltd. -3.15%
DHT DHT Holdings, Inc. -3.37%
ISH International Shipholding Corp. -4.24%
TBSI TBS International Plc -4.46%
NAT Nordic American Tanker Shipping Ltd. -4.82%
SB Safe Bulkers, Inc. -5.15%
SFL Ship Finance International Limited -5.30%
FREE FreeSeas Inc. -5.67%
CPLP Capital Product Partners L.P. -5.85%
ONAV Omega Navigation Enterprises, Inc. -6.17%
NEWL NewLead Holdings Ltd. -7.08%
OSG Overseas Shipholding Group Inc. -7.34%
GASS StealthGas, Inc. -7.57%
SBLK Star Bulk Carriers Corp. -8.64%
PRGN Paragon Shipping Inc. -9.69%
TRMD TORM A/S -10.14%
VLCCF Knightsbridge Tankers Limited -12.48%
FRO Frontline Ltd. -13.12%
GMR General Maritime Corp. -16.13%
BHO B+H Ocean Carriers Ltd. -17.00%
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