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 31, 2011
Baltic Dry Index ( BDI ) - 1480 Up 2
Baltic Cape Index ( BCI ) - 1874 Up 53
Baltic Panamax Index ( BPI ) - 1830 Down 35
Supramax Index ( BSI ) - 1450 Down 1
Below these are the Top Shipping Stocks Performance of the day Stocks May 31, 2011.
Ticker Company Change
DRYS DryShips, Inc. 8.71%
GMR General Maritime Corp. 8.33%
GNK Genco Shipping & Trading Ltd. 8.30%
EXM Excel Maritime Carriers, Ltd. 7.57%
EGLE Eagle Bulk Shipping, Inc. 7.06%
SBLK Star Bulk Carriers Corp. 5.47%
VLCCF Knightsbridge Tankers Limited 5.30%
ONAV Omega Navigation Enterprises, Inc. 3.95%
CRU Crude Carriers Corp. 3.84%
FRO Frontline Ltd. 3.83%
TNK Teekay Tankers Ltd. 3.36%
RLOG Rand Logistics, Inc. 3.16%
FREE FreeSeas Inc. 3.00%
HOS Hornbeck Offshore Services, Inc. 2.70%
ULTR Ultrapetrol (Bahamas) Ltd. 2.37%
OCNF OceanFreight, Inc. 2.27%
GLBS Globus Maritime Ltd. 2.16%
KEX Kirby Corporation 2.15%
SFL Ship Finance International Limited 2.11%
NAT Nordic American Tanker Shipping Ltd. 2.05%
ISH International Shipholding Corp. 2.03%
TGP Teekay LNG Partners LP. 1.80%
TDW Tidewater Inc. 1.77%
NM Navios Maritime Holdings Inc. 1.72%
SB Safe Bulkers, Inc. 1.63%
NMM Navios Maritime Partners L.P. 1.54%
ALEX Alexander & Baldwin, Inc. 1.53%
PRGN Paragon Shipping Inc. 1.53%
TK Teekay Corporation 1.48%
TRMD TORM A/S 1.45%
CKH Seacor Holdings Inc. 1.35%
CPLP Capital Product Partners L.P. 1.31%
CMRE Costamare Inc. 1.24%
OSG Overseas Shipholding Group Inc. 1.07%
GMLP Golar LNG Partners LP 1.02%
KSP K-SEA Transportation Partners LP 0.86%
SSW Seaspan Corp. 0.81%
TEU Box Ships Inc. Common Shares 0.46%
TNP Tsakos Energy Navigation Ltd. 0.30%
TMM Grupo TMM S.A.B. 0.00%
NEWL NewLead Holdings Ltd. 0.00%
HRZ Horizon Lines, Inc. 0.00%
ESEA Euroseas, Ltd. 0.00%
TOO Teekay Offshore Partners LP -0.03%
DHT DHT Holdings, Inc. -0.25%
BALT Baltic Trading Limited -0.31%
DSX Diana Shipping Inc. -0.35%
TBSI TBS International Plc -0.93%
BHO B+H Ocean Carriers Ltd. -0.96%
STNG Scorpio Tankers Inc. -1.18%
GLNG Golar LNG Ltd. -1.24%
TOPS Top Ships Inc. -1.62%
DAC Danaos Corporation -2.86%
TRBR Trailer Bridge Inc. -3.37%
GASS StealthGas, Inc. -3.90%
GSL Global Ship Lease, Inc. -4.03%
DCIX Diana Containerships Inc. -5.25%
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