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- June 03, 2011
Baltic Dry Index ( BDI ) - 1489 no change
Baltic Cape Index ( BCI ) - 1739 Up 5
Baltic Panamax Index ( BPI ) - 1797 Down 4
Supramax Index ( BSI ) - 1435 Down 10
Below these are the Top Shipping Stocks Performance of the day Stocks June 03, 2011.
Ticker Company Change
DRYS DryShips, Inc. 8.33%
OCNF OceanFreight, Inc. 5.41%
DAC Danaos Corporation 2.31%
GLBS Globus Maritime Ltd. 2.27%
ESEA Euroseas, Ltd. 1.75%
SSW Seaspan Corp. 1.03%
BALT Baltic Trading Limited 0.96%
SFL Ship Finance International Limited 0.86%
EGLE Eagle Bulk Shipping, Inc. 0.72%
TGP Teekay LNG Partners LP. 0.40%
TDW Tidewater Inc. 0.02%
SBLK Star Bulk Carriers Corp. 0.00%
TOPS Top Ships Inc. 0.00%
ONAV Omega Navigation Enterprises, Inc. 0.00%
KSP K-SEA Transportation Partners LP 0.00%
DHT DHT Holdings, Inc. -0.26%
TRMD TORM A/S -0.39%
TNP Tsakos Energy Navigation Ltd. -0.39%
TRBR Trailer Bridge Inc. -0.50%
TK Teekay Corporation -0.51%
SB Safe Bulkers, Inc. -0.52%
TNK Teekay Tankers Ltd. -0.54%
CMRE Costamare Inc. -0.64%
STNG Scorpio Tankers Inc. -0.69%
ALEX Alexander & Baldwin, Inc. -0.71%
NAT Nordic American Tanker Shipping Ltd. -0.99%
CKH Seacor Holdings Inc. -1.16%
ISH International Shipholding Corp. -1.19%
KEX Kirby Corporation -1.29%
TEU Box Ships Inc. Common Shares -1.31%
GNK Genco Shipping & Trading Ltd. -1.34%
NMM Navios Maritime Partners L.P. -1.39%
GLNG Golar LNG Ltd. -1.48%
TOO Teekay Offshore Partners LP -1.51%
EXM Excel Maritime Carriers, Ltd. -1.53%
RLOG Rand Logistics, Inc. -1.58%
TBSI TBS International Plc -1.65%
GMLP Golar LNG Partners LP -1.68%
NM Navios Maritime Holdings Inc. -2.12%
DSX Diana Shipping Inc. -2.29%
GSL Global Ship Lease, Inc. -2.29%
HOS Hornbeck Offshore Services, Inc. -2.38%
TMM Grupo TMM S.A.B. -2.56%
OSG Overseas Shipholding Group Inc. -2.63%
VLCCF Knightsbridge Tankers Limited -2.78%
GMR General Maritime Corp. -2.81%
DCIX Diana Containerships Inc. -2.94%
HRZ Horizon Lines, Inc. -3.28%
CPLP Capital Product Partners L.P. -3.34%
GASS StealthGas, Inc. -3.43%
CRU Crude Carriers Corp. -3.77%
PRGN Paragon Shipping Inc. -4.03%
ULTR Ultrapetrol (Bahamas) Ltd. -4.04%
NEWL NewLead Holdings Ltd. -4.29%
BHO B+H Ocean Carriers Ltd. -4.63%
FREE FreeSeas Inc. -4.64%
FRO Frontline Ltd. -5.89%
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